Veritas Hospitality bought the 70-key Hampton Inn Houston NASA-Johnson Space Center from Seabrook Hospitality for an undisclosed amount. HVS Brokerage & Advisory arranged the sale.
The hotel, built in 2017, includes an outdoor pool, a whirlpool, an exercise room, a fitness center and a boardroom. It is located within the Houston Bay Area in Seabrook, Texas, less than 30 miles southeast of downtown Houston. Nearby demand generators include NASA’s Johnson Space Center, Kemah Boardwalk, Arkema, Honeywell, Celanese, Bayer, ExxonMobil and the Bayport Industrial District.
“HVS greatly enjoyed facilitating this buyer's growth by guiding them in acquiring their first Hilton-branded asset—a major milestone,” Eric Guerrero, an HVS Brokerage & Advisory managing director, said in a statement. “The buyer is very familiar with this market, just having sold a midmarket hotel in the local area, and the timing of their 1031-exchange aligned perfectly with HVS's targeted marketing process for this Hampton Inn. Seabrook is a growing, resilient submarket in Houston and the HVS Team wishes the buyer continued success,”