LOS ANGELES—Stockdale Capital Partners acquired InterContinental Houston, a 354-key hotel built in 2019 and located in Houston, Texas. The property is within close proximity to the TMC. 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.
The hotel’s location provides a mix of corporate and leisure demand drivers that are non-cyclical. 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, InterContinental Houston’s amenities include Safina Restaurant, The Naturalist Café and Lounge, 18,000 square feet 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 for Stockdale Capital Partners. “Stockdale Capital Partners continues to be well-positioned as the travel and hospitality sector makes a strong recovery.”