Lowe Enterprises Acquires 909-Room Hotel Portfolio In The Woodlands For $252M

Three properties in The Woodlands have recently been sold for a total of $252,000,000. The assets, which include hotels with a combined total of 909 rooms, are located at 2301 N Millbend Dr, 2 Waterway Square Pl, and 1855 Hughes Landing Blvd. The sale took place on September 16, 2021.

Summary of transaction details

• Property Type: Hotels
• Transaction Amount: $252,000,000
• Rooms: 909
• Addresses: 2301 N Millbend Dr, 2 Waterway Square Pl, 1855 Hughes Landing Blvd
• Market: The Woodlands

The buyer of these properties is Lowe Enterprises, represented by Robert J. Lowe. The seller is Howard Hughes Corp, represented by David R. O'Reilly.