Search
 

Inland American Planning $137M Marriott Buy

THE WOODLANDS, TX-Inland American, Crescent and Morgan Stanley work out the trade of the 341-key Woodlands Waterway Marriott Hotel and Convention Center.

By Amy Wolff Sorter | Updated on October 12, 2007

THE WOODLANDS, TX-More than four years after opening, the 341-room Woodlands Waterway Marriott Hotel and Convention Center is under contract for $137 million to Inland American Real Estate Trust Inc. The sellers are Crescent Real Estate Equities Co. of Fort Worth and Morgan Stanley Real Estate of New York City.

An Inland spokesman would confirm, but not comment on the pending purchase. In a recent SEC filing, the Chicago-based Inland reported it put up $5 million of earnest money to acquire the fee simple and leasehold interests in the 1601 Lake Robbins Dr. hotel. At the closing, Inland plans to pay about $63.5 million in cash and equivalents and obtain a loan for the balance.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.