HEI Hotels & Resorts adds three properties in The Woodlands, Texas to its portfolio. The group includes The Woodlands Resort, Curio Collection by Hilton; The Westin at The Woodlands; and the Embassy Suites The Woodlands at Hughes Landing. The properties were recently acquired by Ascendant Capital Partners.
The 909-room portfolio is located in The Woodlands, Texas, a 28,000-acre master-planned community developed by Howard Hudges, with 24.5 million square feet of office space, 8 million square feet of retail space and other compelling community amenities including an outdoor amphitheater.
While located within the Houston MSA, the Westin and the Embassy Suites were built in 2016 and 2015 respectively. The Woodlands Resort recently completed an extensive renovation as part of its transition to Curio. The portfolio has a total of 101,500-square-feet of meeting space and eight F&B outlets; while each hotel has its own outdoor pool and fitness center, the Woodlands Resort has additional amenities such as lazy river and water park and spa.
“These three properties are the first that we are managing for Ascendant,” Anthony Rutledge, HEI Hotels & Resorts CEO and managing partner said in a statement. “We are grateful to them for providing us the opportunity to manage this unique portfolio of full-service hotels and look forward to delivering exceptional results.”
“We are excited to be working with HEI and are confident they will be a strong partner to drive performance and unlock the full potential of these best-in-class assets in The Woodlands,” Alex Halpern, chief investment officer of Ascendant, added.