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MARRIOTT HOUSTON ENERGY CORRIDOR

Houston, Texas

About the Opportunity

Marriott Houston Energy Corridor
Address: 16011 Katy Freeway, Houston, Texas 77094
Year Built: 2010
Guestrooms: 206

The Plasencia Group is pleased to present for your investment consideration the Marriott Houston Energy Corridor. The 206-key hotel opened in 2010 and sits along a bustling stretch of Interstate 10 in Houston’s booming Energy Corridor district. Benefiting from Marriott International’s flagship brand, the hotel is poised to capitalize on the continued growth of the surrounding area and Houston market, especially with the execution of a comprehensive renovation.

Investment Highlights

  • Booming West Houston Submarket
  • High RevPAR Lodging Environment
  • Modern Vintage, Right-Sized Full-Service Hotel
  • Significant Renovation Opportunity and Limitless RevPAR Potential
  • Houston’s Ongoing Lodging Recovery

Marriott Houston Energy Corridor

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Property Location

Investment Summary

Investment Engagement Team

Our experience can make your lodging investment strategy more successful. Get in touch with one of our investment sales professionals to discuss the Marriott Houston Energy Corridor opportunity.

Senior Managing Director

Robert Wiemer

Houston, Texas | Industry Tenure: 41 Years

Robert Wiemer is The Plasencia Group’s resident power broker. As Senior Managing Director of The Plasencia Group’s Southwest Region, Wiemer has a storied reputation among Texas hoteliers. The Houston-based executive has coordinated the disposition of over $3 billion in hospitality sales – more than any other person in the Lone Star State. His greatest hits collection includes the sale of the New Orleans Embassy Suites, Houston InterContinental Airport Sheraton, Houston Galleria DoubleTree Suites, InterContinental Houston Galleria, and a portfolio of Marriott-branded hotels in the New Orleans area.

Prior to joining The Plasencia Group in 1994, Robert served as the Director of Asset Dispositions at American General Corporation, now AIG, where he once again excelled, leading investment sales in hotels, office buildings, retail centers, apartments, and industrial investments for brands such as Embassy Suites, DoubleTree, Marriott and Holiday Inn.

The Louisiana native has devoted most of his career to asset management and dispositions. He honed his business acumen managing bank-owned real estate properties, first for First Republic Bank Houston and later for Collecting Bank, NA, a division of First City Bank-Texas. He graduated from Louisiana State University in Baton Rouge with a Bachelor’s Degree in Economics and Master’s of Business Administration.

A straight-shooting Southern gentleman, Robert is a natural extrovert and a rabid New Orleans Saints fan. He spends his free time volunteering at charity crawfish boils around Houston and hunting birds in exotic countries with his four children.

“It doesn’t matter if you’re selling hotels or widgets. The more time you put into it, the better your return. We’re a small firm competing against national and international firms. We excel on the service side. I think we substantially outperform based on our size.”

Managing Director

John Plasencia

Tampa, Florida | Industry Tenure: 12 Years

John Plasencia joined The Plasencia Group in 2014 and, as Managing Director, he works on the firm’s investment sales efforts from Tampa, Florida. In his role, he guides asset sales and is responsible for investor solicitation. John has been directly involved in the transaction of hundreds of lodging properties with a focus on Florida, Texas, and Louisiana. John previously served as Vice President and Senior Analyst with the firm.

Prior to joining The Plasencia Group, John worked in the Feasibility and Acquisitions departments at Interstate Hotels & Resorts, a global hotel management company that has since merged with Aimbridge Hospitality. Interstate, which was the largest hotel operator in the world during John’s tenure, proved the ultimate training ground for an aspiring hotel advisor. During his time with Interstate, John facilitated the procurement of numerous hefty management contracts, in addition to the acquisition of other hotel management companies.

John is a graduate of Northwestern University. He is a loyal patron of Parasol’s in New Orleans and The Brisket Shoppe in Tampa. He lives in Tampa with his wife Ariel, a broadcast journalist, and Nori, their golden retriever.

“Hospitality is a service industry, and while we occupy a unique niche on the investment side of the industry, we work to provide a high level of service to our clients and help them achieve their investment goals.”

Senior Financial Analyst

Jackson Boucher

Tampa, Florida | Industry Tenure: 3 Years

Jackson Boucher joined The Plasencia Group in 2022 following a stint as an Investment Banking Analyst for Deutsche Bank’s Leveraged Credit Group in Jacksonville, having worked on several high-profile capital markets transactions and constructed credit models for a variety of the bank’s domestic and international clients. An Orlando-area native born to parents from St. Peterburg, Jackson earned an honors degree from Florida State University in 2020 as a Finance and Economics double major. He works closely with The Plasencia Group’s investment sales team to underwrite hotel engagements in markets across the country, prepare investment marketing materials, and coordinate transaction operations and diligence with the firm’s clients.

While away from the desk, Jackson enjoys spending time with his large extended family in the Tampa Bay area as well as exploring the region’s food and entertainment scenes, which he views as an important form of local market research. Also an avid outdoorsman, he has hiked trails and climbed mountains from Oregon to Maine to Switzerland, yet has a soft spot for the peaceful, natural beauty of Florida’s coasts and scrub forests.