Houston, August 12, 2025
News Summary
Partners Capital has successfully acquired the Homewood Suites by Hilton Houston Galleria, a 162-key hotel located near The Galleria. This acquisition is part of a larger strategic plan as Houston prepares for the upcoming World Cup 2026. With current occupancy at 84%, Partners Capital is set to undertake a multimillion-dollar renovation post-World Cup. This renovation will modernize guest rooms and public spaces, solidifying the hotel’s position in Houston’s thriving hospitality sector.
Houston
Partners Capital has successfully acquired the Homewood Suites by Hilton Houston Galleria, a 162-key hotel located at 2950 Sage Road, near The Galleria in Houston. The acquisition includes a potential licensing arrangement with Hilton that could last up to 15 years. This move precedes significant plans for renovation as the city prepares to host several games for the World Cup 2026.
The hotel, which opened its doors in 2006, is currently operating with an occupancy rate of 84%. Following the World Cup, Partners Capital has announced intentions to embark on a multimillion-dollar renovation project. This comprehensive update will target guest rooms, public spaces, and the building’s exterior while also modernizing several existing building systems.
Located in Houston’s Uptown District, the Homewood Suites is among approximately 40 hotels in the vicinity, a popular area known for attracting travelers and tourists. The overall hospitality market in Houston continues to thrive, especially with key upcoming events like the World Cup that promise an influx of visitors.
Partners Capital is focused on expanding its hospitality portfolio, having launched its first hospitality fund in June 2023. The firm made earlier acquisitions that include the Hilton Garden Inn in San Marcos, acquired in March 2024, and the Courtyard Marriott in Atlanta Buckhead a year earlier. This strategic expansion is indicative of the company’s commitment to investing in the growing hospitality sector.
In addition to their hotel investments, the company is participating in the upcoming Connect Texas Multifamily event scheduled for August 28, 2025, at The Joule in Dallas. This gathering will feature major developers such as Ryan Companies, Lument, GSP, and Zonda, emphasizing discussions on factors driving the multifamily pipeline and strategies for overcoming construction delays in Texas.
With the upcoming World Cup serving as a catalyst for tourism and hospitality growth, Partners Capital is strategically positioning itself to draw benefit from this surge through significant investments in renovations and improvements at the acquired hotel.
FAQ
What hotel did Partners Capital acquire in Houston?
Partners Capital acquired the Homewood Suites by Hilton Houston Galleria, a 162-key hotel located at 2950 Sage Road.
What are the plans for the hotel after the acquisition?
Following the World Cup, Partners Capital plans to undertake a multimillion-dollar renovation which will involve upgrades to guest rooms, public areas, and the hotel’s exterior.
What is the current occupancy rate of the hotel?
The hotel currently has an occupancy rate of 84%.
What other hotel acquisitions have been made by Partners Capital?
Partners Capital previously acquired the Hilton Garden Inn in San Marcos in March 2024 and the Courtyard Marriott in Atlanta Buckhead a year earlier.
Key Features Summary
| Feature | Details |
|---|---|
| Hotel Name | Homewood Suites by Hilton Houston Galleria |
| Location | 2950 Sage Road, Houston |
| Number of Keys | 162 |
| Current Occupancy Rate | 84% |
| Renovation Plans | Comprehensive upgrades post-World Cup |
| Uptown District | Approximately 40 hotels in the area |
| Partners Capital Launch | First hospitality fund in June 2023 |
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Additional Resources
- IREI: S3 Capital’s Dallas Office
- Wikipedia: Houston
- Colliers: Dallas Fort Worth Multifamily Report
- Google Search: Houston hotel market
- MultiHousing News: SPI’s Acquisition
- Google Scholar: Multifamily Development Texas
- RE Journals: Anthem Development in Dallas
- Encyclopedia Britannica: Dallas multifamily housing
- Yield Pro: The Victor
- Google News: Dallas multifamily development
Author: STAFF HERE HOUSTON TX WRITER
HOUSTON STAFF WRITER The HOUSTON STAFF WRITER represents the experienced team at HEREHouston.com, your go-to source for actionable local news and information in Houston, Harris County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Houston Livestock Show and Rodeo, Art Car Parade, and Chevron Houston Marathon. Our coverage extends to key organizations like the Greater Houston Partnership and Houston Area Urban League, plus leading businesses in energy and healthcare that power the local economy such as ExxonMobil, Schlumberger, and Houston Methodist. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREDallas.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
