Ayrshire Corporation Acquires Hilton Houston NASA Clear Lake Hotel From Stephen Zsigray For $27M

The asset involved in this transaction is a hotel located at 3000 East Nasa Parkway in Houston. The property, known as the Hilton Houston NASA Clear Lake, features 242 keys and has a sale price of $27,000,000. The planned renovations will reduce the number of rooms to 170 and include the addition of condos on the top three floors, an expanded ballroom, and an “adult waterpark.”

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $27,000,000
• Buyer: Ayrshire Corporation
• Seller: Stephen Zsigray - Ashford Hospitality Trust
• Market: Houston
• Keys: 242
• PPK: $111,570

The transaction involves Ayrshire Corporation purchasing the hotel from Ashford Hospitality Trust, represented by Stephen Zsigray. Ayrshire Corp. plans to convert the hotel into a Compass Hotel by Margaritaville, with construction expected to start by year-end.