Tampa, Fla. – The Plasencia Group is pleased to announce the sale of the Houston Marriott West Loop by The Galleria, located in Houston, Texas. The firm exclusively represented RM Crowe, the owner of the Hotel. This is the second time The Plasencia Group has been engaged to sell the hotel. A joint venture between Clearview Hotel Capital and WHI Real Estate Partners acquired the 301-room hotel from RM Crowe. Marriott International will continue to manage the property.
According to Robert Wiemer, Senior Vice President of The Plasencia Group’s Southwest Region, “This transaction was completed in record time with both buyer and seller working closely to effect a timely sale. Clearview and WHI are acquiring a highly visible property in one of the hottest markets in all of Texas.” Key members of the Southwest Region team, including Houston-based Vice President Steve Thompson and Dallas-based Vice Presidents Joe Corcoran and Paul Williams, assisted Mr. Wiemer in this transaction.
The Houston Marriott West Loop by the Galleria is located on Houston’s “West Loop,” which consistently records some of the state’s highest traffic counts. The 14-story property benefits from its close proximity to Houston’s Galleria Mall and a thriving office real estate market.