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Tag Archives: Marriott

Moody National REIT Buys Hotel Near Seattle’s Space Needle for $74 Million

HOUSTON – Moody National REIT II, a Houston-based hotel REIT, acquired the Marriott SpringHill Suites Hotel in Seattle for $74.1 million. The 234-room hotel is located near Puget Sound and is walking distance to the Seattle Space Needle, neat Stewart Street in downtown Seattle. The Springhill Suites Seattle is positioned to benefit from Seattle’s demand from both business and leisure travelers. Seattle is a national hub for manufacturing, ... 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 »

Two Houston Hotels Part of $107 Million Purchase

PALM BEACH, Fla. – Chatham Lodging Trust a hotel real estate investment trust, has acquired four hotels, including two Marriott-related properties in Houston’s Inner Loop, for $107 million. The four hotels, purchased for $186,000 per room, are: •   179-room Hilton Garden Inn Burlington, Mass. •   176-room Courtyard by Marriott Dallas in Addison, Texas. •   120-room Residence Inn by Marriott West University, at 2939 ... Read More »

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