The Plasencia Group has facilitated the sale of the 206-key Marriott Houston Energy Corridor in Houston.
The property, which opened in 2010, sits along a stretch of Interstate 10 in the Texas city’s Energy Corridor. Benefitting from Marriott International’s flagship brand, the hotel is poised to capitalize on the continued growth of the surrounding area and the broader Houston market, according to the company. The Plasencia Group’s transaction team was led by Senior Managing Director Robert Wiemer and Managing Director John Plasencia.
The hotel is well-positioned to capitalize on the abundant corporate demand emanating from the Energy Corridor’s countless Class-A offices, according to the company. The Energy Corridor is a major economic hub, especially as the name suggests, in the energy space, and dozens of blue-chip companies, including eight Fortune 500 headquarters, sit in close proximity to the property.
“The Marriott is a staple within the ever-expanding Energy Corridor,” said Weimer. “We are honored to have represented our client in the sale of the asset and are excited for its future under the stewardship of new ownership.”
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Source: hotelbusiness.com
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