HOUSTON-Inland American Lodging Group Inc., a wholly owned subsidiary of Inland American Real Estate Trust Inc., has acquired two Westin hotels located in Houston's Galleria District, for approximately $220 million. The 24-story Westin Galleria includes 487 rooms and over 71,000 square feet of meeting space. The Westin Oaks Houston at the Galleria offers 406 rooms on 21 floors as well as 23,500 square feet of meeting space, including a 4,500-square-foot banquet space overlooking the Houston skyline.
“The acquisition of these outstanding properties, the only hotels connected to the acclaimed Galleria Mall complex, is an exciting step in our ongoing strategy to enhance our portfolio of upper-upscale hotels,” said Marcel Verbaas, president and CEO, Inland American Lodging Advisor, Inc. “The Houston lodging market has continued to outperform the majority of the country, positioning these recently-renovated properties for strong returns going forward.”
Both hotels recently underwent renovations totaling $35 million. The properties will continue to be managed by Starwood Hotels & Resorts Worldwide, Inc.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
