Transwestern Hospitality Group (THG) has acquired Hotel Granduca, a luxury hospitality property in Houston, Texas.
Hotel Granduca is a 122-key property situated on three and a half acres at 1080 Uptown Park Boulevard.
The deal was facilitated by THG partners Tyler Lavin and Thomas Duncan with assistance from Transwestern’s investment team.
The property is also set for a comprehensive repositioning project led by the THG partners.
THG partner Thomas Duncan said: “Tapping into Transwestern’s integrated platform and some of the best talent in the hospitality space, our team has the placemaking experience to bring a bold vision to life, creating an unmatched environment for Houston’s residents and visitors.”
This repositioning will include updates to the hotel’s design, guest experience, amenities, and food and beverage offerings.
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Scheduled to commence in mid-2024, the project will see THG collaborating with Ring on Hook, a company specialising in hospitality renovations and venue activations.
They will be joined by other placemaking consultants.
Kara Childress, a design company, has been appointed as the lead interior designer for the upgrade.
Meanwhile, Westmont Hospitality Group has been selected to manage the hotel operations post-renovation.
The planned enhancements include a transformation of the ground floor into a gathering place, featuring a destination restaurant.
In addition, the hotel will see an expansion and improvement of event spaces, new workout facilities, and curated programming.
Transwestern chairman Robert Duncan said: “Our good friend, Giorgio Borlenghi, as Master Developer of Uptown, designed and built this iconic hotel some 17 years ago with his signature quality standards and remarkable eye for detail.
“We are privileged to have this opportunity to further elevate the Granduca hospitality experience for our guests. And we are delighted that Giorgio remains a stakeholder who will consult with us to unleash the full potential of this extraordinary property.”