HVS Brokerage & Advisory announced the sale of the 64-key Comfort Suites Westchase Houston Energy Corridor, located at 2830 Wilcrest Drive, Houston, Texas 77042.
The property, built in 2000, was purchased by Samay Resort, based in Middletown, New York, from Jala Shiv, based in Houston, Texas.
Peter Patel, Owner of Jala Shiv, commented, “I had a wonderful experience working with HVS, as their expertise helped this transaction go as smooth as possible for a beneficial end result. Andrew and his team were on top of everything, easy to work with, and very professional. I strongly recommend their services and look forward to working with Andrew and HVS again.”
The property benefits from its strategic location within the historically strong Houston Westchase submarket, along Westheimer Road near the Sam Houston Parkway. Westheimer Road is a densely developed thoroughfare that extends from the Galleria area to Katy, featuring an array of retail shopping centers, restaurants, and office buildings along the way. The property is near a multitude of leisure demand drivers, including Texas Children’s Hospital West Campus, HCA Houston Healthcare West, Memorial Hermann Memorial City Medical Center, West Oaks Mall, Town & Country Village, Houston Chinatown, Memorial City Mall, and CityCentre Plaza.
“We are excited to announce the successful acquisition of the Comfort Suites Westchase Houston Energy Corridor by an ambitious first-time hotel buyer from New York. The buyer, per our guidance, identified this as the perfect opportunity to enter the hospitality market. The seller, who faced challenges in finding the right buyer for years, can now celebrate the property's promising future. The HVS team helped both parties expertly navigate financing hurdles, working collaboratively to achieve a mutually beneficial outcome. This transaction highlights HVS’s level of commitment and expertise for our clients, resulting in a powerful partnership with superior results,” said Andrew Frosch, Senior Vice President of HVS Brokerage & Advisory.
HVS Brokerage & Advisory team members Andrew Frosch, Joseph Manuel, Fadi Rawashdeh, and Kyle Peterek participated in this transaction.