Florida Firm Buys Hilton and Marriott (Total: 870 Rooms) in Greenspoint Area

HOUSTON – (Realty News Report) – Driftwood Hospitality Management, a North Palm Beach, Fla.-based hotel management company, acquired two hotels in Houston’s Greenspoint area:  the 480-room Hilton Houston North and 390-room Marriott Houston North.

All rooms and public space will be renovated at the Hilton, 12400 Greenspoint Drive. The Marriott Houston North, 255 N. Sam Houston Parkway East, will go through a complete renovation as well. Both properties will be taking on these renovations under the management of Driftwood.

“Driftwood Hospitality Management has grown tremendously in the past couple years, and we are eager to expand our footprint across the state of Texas,” said David Buddemeyer, president of Driftwood Hospitality Management. “Houston is a primary market that’s constantly evolving, and we’re excited to see what this fast-paced culture will add to our portfolio.”

The Hilton is located within Lincoln Property Company’s CityNorth, which has six buildings with more than 2 million SF of office and retail space combined. Lincoln plans to spend $100 million on renovations and upgrades.

Driftwood works with franchises, nationally recognized hospitality brands and major resort destinations in top markets around the United States and Costa Rica. In addition to its North Palm Beach, headquarters, Driftwood has additional offices in Miami, Arizona and Costa Rica to serve hotels across the United States and internationally.

The 15-story, 183-foot tall Hilton North Houston has 52,000-SF of meeting space and a 40,000-SF atrium that includes the lobby, restaurant and other facilities.

Marriott North Houston includes a central 12-story tower, adjacent to an eight-story tower with a detached two-story parking garage. It has 15,990 SF of meeting space.

Nov. 27, 2018 Realty News Report Copyright 2018