Hunter Advisors brokered the sale of Embassy Suites by Hilton Austin Arboretum and Embassy Suites by Hilton Houston Near The Galleria, by Ashford Hospitality Trust.
The transaction was brokered by Kami Burnette, SVP, and Mason McDavid, VP, on behalf of Ashford. The buyer was an individual investor based in Texas, and the hotels were acquired as part of a single transaction.
“The transaction reflects the continued trend of regional investors recognizing the value of acquiring institutional-quality hotels with clear upside for operational efficiencies and opportunities to enhance value post renovation,” said Burnette.
The Embassy Suites by Hilton Austin Arboretum is a 150-suite, six-story hotel constructed in 1998 and located off the MoPac Expressway. The property provides access to major business, research and leisure demand drivers, including The Domain, the J.J. Pickle Research Campus, Q2 Stadium and the Domain. The hotel features approximately 2,030 sq. ft. of meeting space, an on-site restaurant and bar, an indoor pool and a fitness center.
The Embassy Suites by Hilton Houston Near The Galleria is a 150-suite, six-story hotel built in 1998 and located in Houston’s Uptown district, adjacent to The Galleria, Texas’ largest shopping and dining destination. The hotel benefits from proximity to major corporate offices, universities, cultural attractions and Downtown Houston. Amenities include approximately 1,747 sq. ft. of meeting space, an on-site restaurant, an indoor pool and a fitness center, along with an open-air atrium and all-suite accommodations.
“Executing this as a single transaction required a coordinated process and targeted approach to buyer selection,” said McDavid. “By marketing the portfolio as individual sales with the option to purchase together, we were able to create scale for the buyer while maximizing execution certainty for the seller across two major Texas markets.”
