Hospitality

HOUSTON — HREC Investment Advisors has arranged the sale of the Hampton Inn & Suites Cypress Station, a 74-room hotel located in Houston. The property was acquired by an out-of-state owner/operator from a Houston-based developer. The buyer also acquired an land parcel adjacent to the Hampton Inn for a future hotel development. The acquisition price was not disclosed.

DALLAS — Coppell Beer & Wine Inc. has acquired a 1.45-acre land parcel, located at 3203 Kirnwood St. in Dallas, for the construction of a new Sleep Inn & Suites hotel. The site is situated near a Walmart Supercenter and Wheatland Marketplace, a fully occupied retail center. Randall Chrisman of The Chrisman Company represented the buyer. Thad Beckner of locally based Henry S. Miller Brokerage represented the seller, Newcastle Plaza Associates LP. The construction timetable was not released.

SEALY, TEXAS — The grand opening has been held for the new Holiday Inn Express Hotel & Suites, located at 2370 Highway 36 South in Sealy. The hotel, which contains 70 rooms, is a new prototype hotel for the Holiday Inn brand. Amenities include an outdoor swimming pool, a fitness center and wireless Internet access. The hotel is owned by Al, Jay and Pat Patel. Holiday Inn is franchised by Atlanta-based InterContinental Hotels Group.

HOUSTON — White Plains, N.Y.-based Starwood Hotels & Resorts has held the grand opening for Element Houston Vintage Park, a 123-room hotel located in Houston. The hotel gives guests the ability to customize their rooms with multi-purpose, modular furniture, swiveling flat-screen televisions, large desks with open shelving and custom-designed closets. Rooms also feature fully equipped kitchens. Hotel amenities include a lobby with a multi-story window wall, an outdoor fire pit and barbecue, free wireless Internet access, a fitness center, a pool, a technology center with a library and 456 square feet of meeting space. The project is seeking LEED certification. It is situated within Vintage Park, an 84-acre lifestyle center located at the intersection of Louetta Road and State Highway 249. It is also the first Element hotel to open in Texas. It is owned by Condor Hospitality and managed by Louisiana-based InterMountain Management. The general contractor for the build was Dallas-based Benchmark Development Corp.