Press Release brought to you by HFF

Sale closed by HFF of Sheraton North Houston at George Bush Intercontinental hotel in Houston, Texas

03/02/2016

DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has successfully represented the seller in the sale of Sheraton North Houston at George Bush Intercontinental, a 419-room, full-service hotel in north Houston, Texas.  

Sheraton North Houston at George Bush Intercontinental (Sheraton North Houston) opened in 1983.  Since purchasing the property in 2012, the seller invested more than $15 million between 2013 and 2015 to renovate, modernize and upgrade the hotel.  The 10-story Sheraton North Houston features 27,676 square feet of function space, a fitness center, outdoor pool, Link @ Sheraton lobby workstation, Sheraton Club Lounge and the full-service Drifters Bistro and Lounge restaurant and bar.  Located at 15700 John F. Kennedy Boulevard, Sheraton North Houston is less than three miles from George Bush Intercontinental Airport, the fourth largest airport system in the U.S. and the sixth largest in the world.  Additionally, the hotel is 6.5 miles from the 971-acre Pinto Business Park, 10 miles from the 400-acre Generation Park master-planned commercial development and 17 miles from downtown Houston.

The HFF investment sales team representing the seller was led by senior managing director and head of HFF’s hotel group Dan Peek and managing directors John Bourret and Colby Mueck.

About HFF
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF).  HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing.  For more information please visit hfflp.com or follow HFF on Twitter @HFF.

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker.   

Source

HFF

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