{"id":1004162903,"date":"2017-01-05T04:08:50","date_gmt":"2017-01-05T12:08:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004162903"},"modified":"2022-12-03T15:49:24","modified_gmt":"2022-12-03T23:49:24","slug":"holiday-inn-hotel-in-houston-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/holiday-inn-hotel-in-houston-changes-hands\/","title":{"rendered":"Holiday Inn Hotel in Houston Changes Hands"},"content":{"rendered":"

By Anca Gagiuc<\/em><\/p>\n

\"Holiday<\/a>

Holiday Inn Express & Suites Houston NW\u2014Tomball<\/p><\/div>\n

Houston<\/strong>\u2014The Holiday Inn Express & Suites Houston NW\u2014Tomball located at 14055 Park Drive has changed ownership. Houston-based Preeminent Hotels sold the 72-key hotel to PH Lodging Tomball LLC for an undisclosed amount. CBRE Hotels, an advisory group within Los Angeles-based CBRE Group Inc., facilitated the transaction. CBRE Hotels\u2019 Eric Guerrero, Michael Yu, Rahul Bijlani, Dennis Drake and James Foxx represented both sides in the transaction.<\/p>\n

“I am excited to complete my first acquisition in the Houston market and currently have another hotel under-contract in the city. Because of my strong relationship with IHG, the Tomball hotel was an ideal property to purchase. CBRE Hotels was successful in getting my Wingate sold in Schaumburg, Ill. and finding a good hotel for me to exchange into,” Harish Dani, vice president of PH Lodging Tomball LLC, said in prepared remarks.<\/p>\n

Later this month, PH Lodging expects to close the deal for the acquisition of Staybridge Suites, located northwest of Houston at 18828 Highway 249. “Based on market feedback, there are a good amount of investors wanting to get into the Houston market,” Eric Guerrero said in a prepared statement. “Most investors are expecting a rebound in occupancy and room rates in 2018, so we suspect there might be a light at the end of the tunnel.”<\/p>\n

Image courtesy of\u00a0CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

PH Lodging, a subsidiary of Chicago-based Satkar Hospitality Management LLC, is the new owner of the hospitality asset.<\/p>\n","protected":false},"author":237,"featured_media":1004162912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,1589,21742],"tags":[32789],"class_list":["post-1004162903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-hotel","category-houston","category-latest","tag-cbre"],"acf":[],"yoast_head":"\nHoliday Inn Hotel in Houston Changes Hands - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/holiday-inn-hotel-in-houston-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Holiday Inn Hotel in Houston Changes Hands\" \/>\n<meta property=\"og:description\" content=\"PH Lodging, a subsidiary of Chicago-based Satkar Hospitality Management LLC, is the new owner of the hospitality asset.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/holiday-inn-hotel-in-houston-changes-hands\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-05T12:08:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-03T23:49:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/Holiday-Inn-Express-Suites-Houston-NW-Tomball.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/holiday-inn-hotel-in-houston-changes-hands\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/holiday-inn-hotel-in-houston-changes-hands\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Holiday Inn Hotel in Houston Changes Hands\",\"datePublished\":\"2017-01-05T12:08:50+00:00\",\"dateModified\":\"2022-12-03T23:49:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/holiday-inn-hotel-in-houston-changes-hands\\\/\"},\"wordCount\":240,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/holiday-inn-hotel-in-houston-changes-hands\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/01\\\/Holiday-Inn-Express-Suites-Houston-NW-Tomball.jpg\",\"keywords\":[\"CBRE\"],\"articleSection\":[\"Deals\",\"Hotel\",\"Houston\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/holiday-inn-hotel-in-houston-changes-hands\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/holiday-inn-hotel-in-houston-changes-hands\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/holiday-inn-hotel-in-houston-changes-hands\\\/\",\"name\":\"Holiday Inn Hotel in Houston Changes Hands - 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