facebook
Traded Co logo
Submit
Daily limit: 0/10

Stockdale Capital Partners Acquires The InterContinental Houston From Medistar Corp. In Houston

Property Image
SOLD

Texas

See Similar Deals
Hotel
Sold 09/21/2023
the dealplayerscompscontact
Property Image
SOLD

Stockdale Capital Partners Acquires The InterContinental Houston From Medistar Corp. In Houston

6750 Main Street

See Similar Deals
Hotel
Sold 09/21/2023
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Hotel
Transaction Type:Sale

Stockdale Capital Partners, based in Los Angeles, has purchased The InterContinental Houston, a 354-room luxury hotel located at 6750 Main Street near the Texas Medical Center in Houston. The acquisition reflects Stockdale's confidence in the growth potential of the area, given its proximity to the expanding medical complex and local attractions. The transaction took place on September 21, 2023.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: Not specified
  • Keys: 354
  • Address: 6750 Main Street - The InterContinental Houston
  • Market: Houston

Stockdale Capital Partners, represented by Bill Doak, acted as the buyer in this transaction. They saw potential in the hotel's location, which is close to the Texas Medical Center and other local attractions.

The seller, Medistar Corp., was represented by Monzer Hourani. The purchase of The InterContinental Houston by Stockdale Capital Partners signifies their belief in the promising future of the area.

Players

BD
Stockdale Capital Partners
Bill Doak
2 deals$58M volume
BUYER

Details

SOLD
IMAGE: Bill Doak & Monzer Hourani DATE: 09/21/2023 ADDRESS: 6750 Main Street - The InterContinental Houston MARKET: Houston ASSET TYPE: Hotel ~ KEYS: 354 BUYER: Stockdale Capital Partners - Bill Doak SELLER: Medistar Corp. (@MediAtarCorp) - Monzer Hourani NOTE: Stockdale Capital Partners, based in Los Angeles, has purchased The InterContinental Houston, a 354-room luxury hotel near the Texas Medical Center in Houston. The deal reflects Stockdale's confidence in the area's growth potential, given its proximity to the expanding medical complex and local attractions.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$0.00

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00