Texas Investor Acquires Two Embassy Suites Hotels From Stephen Zsigray Of Ashford Hospitality Trust

The transaction involved the sale of two 150-suite hotels located at 9505 Stonelake Boulevard and 2911 Sage Road in Austin and Houston, respectively. The hotels are positioned as value-add institutional-quality assets within markets known for significant demand drivers, including The Domain and The Galleria. Both properties were constructed in 1998 and feature six-story structures that allow for effective portfolio scale and execution for both parties in the transaction.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: Not disclosed
• Address: 9505 Stonelake Boulevard & 2911 Sage Road
• Market: Austin & Houston
• Asset Keys: 300
• Seller: Stephen Zsigray - Ashford Hospitality Trust
• Brokers: Kami Burnette & Mason McDavid - Hunter Hotel Advisors

This transaction was brokered by Hunter Hotel Advisors, which effectively facilitated the portfolio sale from Ashford Hospitality Trust to a Texas-based individual investor. The distinct nature of this deal underscores the strategic focus on the optimized execution for both buyer and seller in the multi-hotel sale context.