Texas-based Royal Hotel Group has acquired the 122-room Hampton Inn & Suites by Hilton in Houston for an undisclosed amount.
The limited-service hotel is situated at 218 Promenade Way in Sugar Land and was listed for sale earlier this year with a call-for-offer date of 2 July.
HVS Brokerage & Advisory facilitated the sale transaction for this Hampton Inn & Suites property.
Team members involved were Daneen Godinet, Eric Guerrero, Kyle Peterek, James Rebullida, and Fadi Rawashdeh.
HVS Brokerage & Advisory senior vice-president James Rebullida said: "This sale resulted from a strong execution by our team that exceeded expectations. The situation was complex, with the owner in Chapter 11 bankruptcy, but we ran a disciplined marketing process that produced 11 offers.
"We then advanced the top bidders to a courtroom auction, where the property sold for 117% of the opening bid. The winning bidder posted a 10% non‑refundable earnest money deposit on day one of the PSA, purchased the hotel in cash, and closed in under 45 days."
The hotel was constructed in 2021 and is positioned near State Highway 6, between Interstate 69 and US Highway 90 Alternate.
According to HVS, nearby retail stores, restaurants, sports facilities, and entertainment venues contribute to guest traffic.
The hotel contains 3,290ft² of meeting space, a bar that offers a range of services, and 3,500ft2² allocated for office use. For the 12-month period ending April 2025, rooms revenue at the hotel reached about $3.03m.
Headquartered in Sugar Land, Texas, Avalon Sugar Land Hospitality was the previous owner of the hotel.
Avalon Sugar Land Hospitality principal Aniel Verma said: "Our priority was to secure a buyer who could close seamlessly. The HVS team swiftly launched an effective listing that generated more than 20 property tours and 11 offers from buyers nationwide. HVS’s listing dashboard is an excellent tool that kept me informed throughout the process and greatly supported my decision‑making."
In September, HVS completed another transaction involving the sale of Hampton Inn by Hilton in Ruston, Louisiana.
BH28 Holding purchased the 83-room hotel from Mercury Hospitality.
