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Hilton Introduces New Tru Brand Hotels

McLEAN, Va – Hilton Worldwide has announced its new Tru by Hilton, a mid-priced hotel product targeted for Millennials and other travelers. “Demonstrating owners’ desire for a forward-thinking and innovative midscale brand with a strong value proposition, Hilton Worldwide already has 102 hotels signed and an additional 30 hotels in various stages of approval in cities including Dallas, Houston, Chicago, ... Read More »

Houston Firm Buying 149 Hotels from Goldman Sachs Unit for $1.7 Billion

HOUSTON – Moody National REIT I, a Houston-based hotel group, has agreed to buy 149 hotels from a real estate arm of Goldman Sachs for $1.7 billion. The deal represents a huge growth initiative for the Houston REIT, which had a portfolio of only seven hotels at the beginning of 2015. The hotel portfolio includes 14,000 rooms spread across 32 ... Read More »

Summit Pays $36 Million for Hotel in Houston’s Energy Corridor

HOUSTON -Summit Hotel Properties  has bought the Hilton Garden Inn located in the Energy Corridor of Houston at 12245 Katy Freeway. The acquisition marks the second Hilton Garden Inn owned by Summit in the Houston area. Summit acquired the 190-room Hilton Garden Inn located in Houston on August 15, 2014 for a total purchase price of $36 million and entered ... Read More »

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