Stockdale Capital Partners Secures $58M Acquisition Loan For InterContinental Houston Hotel

Stockdale Capital Partners has secured $58 million in acquisition financing from Värde Partners for the purchase of the InterContinental Houston hotel located at 6750 Main Street. The hotel, with a total of 464 keys, is strategically situated near the Texas Medical Center in Houston's bustling market. This funding will enable Stockdale to execute its business plan, which includes injecting additional capital into the hotel to enhance its offerings. With the Texas Medical Center slated for significant expansion in the coming years, this investment positions Stockdale to capitalize on the growing demand in the area.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $58,000,000
• Address: 6750 Main Street - The InterContinental Houston
• Market: Houston
• Asset Type: Hotel
• Keys: 464

Värde Partners, led by Jim Dunbar, provided the acquisition loan for this deal, supporting Stockdale Capital Partners' endeavor to acquire the InterContinental Houston. Bill Doak, representing Stockdale Capital Partners, acted as the landlord in the transaction. Newmark played a pivotal role as the broker for this transaction, with Jordan Roeschlaub, Dustin Stolly, Nick Scribani, Christopher Kramer, Tyler Dumon, and Chase Tagen serving as Stockdale's representatives.