Andrew Pappas Of Partners Capital Acquires Homewood Suites Hotel In Houston For Renovation

The Homewood Suites Houston Galleria is a hotel property located at 2950 Sage Road in Houston. The asset features 162 keys and was built in 2006. Partners Capital acquired this property with plans for a multimillion-dollar renovation following the 2024 World Cup.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: Not specified
• Address: 2950 Sage Road
• Market: Houston
• Keys: 162
• Buyer: Andrew Pappas - Partners Capital
• Recent acquisitions by buyer include: Hilton Garden Inn San Marcos, Courtyard Marriott-Atlanta Buckhead
• Current occupancy rate: 84%

Andrew Pappas represented Partners Capital in this transaction. The firm aims to expand its hospitality portfolio through strategic acquisitions and renovations in the hotel sector.