DeRosa Capital 20 Houston acquired the the 92-room Home2 Suites by Hilton hotel in Houston from XE Hospitality in a deal arranged by Marcus & Millichap. Other terms and conditions were not disclosed.
“Following a highly competitive marketing process, looking to expand their portfolio, buyers were selected for their first hotel acquisition in Texas,” said Skyler Cooper, senior managing director investments. “Working in tandem with MMCC, our team facilitated a smooth and efficient transaction.”
Skyler Cooper, investment specialist in Marcus & Millichap’s Dallas office, had the exclusive listing to market the property on behalf of XE Hospitality and procured the buyer. The transaction received additional support from Chris Gomes, Allan Miller and Raj Patel of the Miller-Gomes Hotel Team.
The hotel is located on 1.96 acres at 705 N. Sam Houston Parkway E., six miles from George Bush Intercontinental Airport. Built in 2019, the hotel has amenities such as an outdoor pool, fitness center, business center and complimentary airport shuttle. Positioned at the intersection of Beltway 8 and Hardy Toll Road, the property benefits from strong visibility and the growing Houston market.