A joint venture of NewcrestImage, Dabu Group and Preeminent Hotels has acquired ownership and operation of two Marriott-branded hotels—the 90-room Courtyard and the 90-suite Residence Inn—in The Woodlands, 35 miles north of Houston. Other terms were not disclosed.
Both properties will be fully renovated starting next year and will remain open during the renovations.
“This transaction brings together a great team that will bring even greater service and profitability to these two fine hotels, which are strategically located in the heart of a commercially robust and culturally rich area,” Mehul Patel, NewcrestImage CEO and managing partner, said in a statement.
Current amenities at the Courtyard include an on-site fine restaurant, Starbucks, business center, fitness center and indoor pool. The Residence Inn features suites with equipped kitchens as well as an indoor pool, gym, tennis courts, and BBQ grills.
The hotels are convenient to George Bush Intercontinental Airport, as well as to a variety of major corporate offices such as Chevron Phillips Chemical Co., ExxonMobil, Huntsman Corp., McKesson Specialty Health, and Repsol USA. Also nearby are prestigious medical facilities such as Houston Methodist The Woodlands, The Woodlands Hospital and The Woodlands Specialty Hospital, plus popular destinations such as the Woodlands Mall, the Lone Star Convention & Expo Center and The Pavilion, a 16,500-seat amphitheater which has been the second-most heavily used amphitheater in the world.