Stockdale Capital Partners, a Los Angeles-based, vertically-integrated real estate investment firm, has acquired the InterContinental Houston, a 354-key hotel built in 2019 and located within the Texas Medical Center (TMC) in Houston.
The property is the only luxury hotel with proximity to the TMC medical complex. The InterContinental Houston also sits directly in the path of growth of the TMC, which is expected to double in size over the next decade, with $3 billion of developments in medical and life sciences research facilities already underway.
Additional business will come from ongoing medical and life science research demand generated by the TMC. Close to NRG Stadium, Rice University and the Museum District, the hotel’s amenities include Safina Restaurant, The Naturalist Café and Lounge, 18,000 sq. ft. of meeting space, a 24-hour fitness center and an outdoor pool.
“The InterContinental Houston is the only luxury hotel in the TMC area, and we intend to build even further upon its strong track record of success,” said Bill Doak, managing director, hospitality, Stockdale Capital Partners. “Stockdale Capital Partners continues to be well-positioned as the travel and hospitality sector makes a strong recovery.”