HOUSTON, TX, March 20, 2025: HVS Brokerage & Advisory announces the sale of the 61-key Baymont by Wyndham Houston/Westchase, located at 2950 West Sam Houston Parkway South, Houston, Texas 77042.
The property, built in 1995, was purchased by Nagin Investments LLC, based in Houston, Texas, from American Liberty Hospitality, based in Houston, Texas.
Nicholas Massad Jr., President of American Liberty Hospitality, commented, “This transaction marks the successful sale of a legacy asset for our firm, and we couldn’t be more pleased with the outcome. This is the third transaction we've completed with the HVS team, and their thorough and strategic approach continues to exceed our expectations. Their ability to identify the right buyer before taking the asset to market speaks to their deep industry expertise and strong network. We appreciate their partnership and look forward to working with them again.”
The property boasts an irreplaceable location and excellent visibility along the Sam Houston Tollway frontage road, within the historically robust Westchase submarket. Westheimer Road is a densely developed throughfare that extends from the Galleria area to Katy, featuring an array of retail shopping centers, restaurants, and office buildings along the way. The property is also located near a multitude of demand drivers, including National Oilwell Varco (NOV), Jacobs Engineering (HQ), Viridien, Phillips 66, BMC Software, Hermann Memorial City Medical Center, West Oaks Mall, Town & Country Village, Houston Chinatown, Memorial City Mall, and CityCentre.
“We understood the importance of securing a buyer that could successfully transact on this deal despite the asset's challenging historical performance. We sourced a well-qualified, local investor that moved quickly to go under contract before we officially took the asset to market. We are excited to see the property’s transformation as new ownership undertakes renovations, ensuring a bright future for the hotel,” said James Rebullida, Senior Vice President of HVS Brokerage & Advisory.
HVS Brokerage & Advisory team members Eric Guerrero, James Rebullida, Kyle Peterek, Fadi Rawashdeh, and Daneen Godinet participated in this transaction.
Media Contact:
Lizzette Casarin
Senior Marketing Director
[email protected]
+1 (720) 244-7620
The property, built in 1995, was purchased by Nagin Investments LLC, based in Houston, Texas, from American Liberty Hospitality, based in Houston, Texas.
Nicholas Massad Jr., President of American Liberty Hospitality, commented, “This transaction marks the successful sale of a legacy asset for our firm, and we couldn’t be more pleased with the outcome. This is the third transaction we've completed with the HVS team, and their thorough and strategic approach continues to exceed our expectations. Their ability to identify the right buyer before taking the asset to market speaks to their deep industry expertise and strong network. We appreciate their partnership and look forward to working with them again.”
The property boasts an irreplaceable location and excellent visibility along the Sam Houston Tollway frontage road, within the historically robust Westchase submarket. Westheimer Road is a densely developed throughfare that extends from the Galleria area to Katy, featuring an array of retail shopping centers, restaurants, and office buildings along the way. The property is also located near a multitude of demand drivers, including National Oilwell Varco (NOV), Jacobs Engineering (HQ), Viridien, Phillips 66, BMC Software, Hermann Memorial City Medical Center, West Oaks Mall, Town & Country Village, Houston Chinatown, Memorial City Mall, and CityCentre.
“We understood the importance of securing a buyer that could successfully transact on this deal despite the asset's challenging historical performance. We sourced a well-qualified, local investor that moved quickly to go under contract before we officially took the asset to market. We are excited to see the property’s transformation as new ownership undertakes renovations, ensuring a bright future for the hotel,” said James Rebullida, Senior Vice President of HVS Brokerage & Advisory.
HVS Brokerage & Advisory team members Eric Guerrero, James Rebullida, Kyle Peterek, Fadi Rawashdeh, and Daneen Godinet participated in this transaction.
About HVS Brokerage & Advisory
The Brokerage & Advisory division is a specialized group within HVS that offers services related to investment sales and capital markets, focused exclusively on the hospitality industry. With a global footprint and over 35 offices nationwide, HVS’s hospitality intelligence and extensive expertise will help you achieve the results you want.Media Contact:
Lizzette Casarin
Senior Marketing Director
[email protected]
+1 (720) 244-7620