Houston, TX, August 12, 2025 – Partners Capital, the investment platform of Partners Real Estate (“Partners”), today announced the acquisition of the Homewood Suites by Hilton – Houston Galleria, a 162-room, upscale, extended-stay hotel built in 2006. The hotel is the third property to be acquired by Partners Capital’s Hospitality Fund I, which launched in June 2023. 

“This acquisition represents a tremendous value-add opportunity within Houston’s most sought-after submarket,” said Adam Lair, Managing Director of Hospitality Investments. “The opportunity to acquire a premier Hilton flag in our backyard was incredibly appealing. Uptown Houston’s high barriers to entry, combined with the market’s recent growth and tailwinds from the World Cup and Republic Convention, makes this an attractive acquisition for our investors.” 

Partners Hospitality Fund I is Partners Capital’s investment strategy focused on assembling a portfolio of premium-branded select-service and extended-stay hotels in high-growth markets throughout the Sunbelt. The Fund’s first acquisition was a Hilton Garden Inn located in the Austin, Texas MSA, followed by the Courtyard Marriott-Atlanta Buckhead in March.  

 As part of the sale, Hilton will award a maximum 15-year licensing term. Following the World Cup next year, Partners Capital will commence a multi-million dollar renovation of the hotel. This comprehensive project will include significant upgrades to the guestrooms, public areas, and building exterior, as well as the modernization of several building systems.  

“Despite a strong 84% occupancy rate, the Homewood Suites has an opportunity for substantial improvement in its competitive set,” said Andrew Pappas, President of Partners Capital. “Our renovation plan is designed to unlock that potential by modernizing every aspect of the guest experience. We are confident this strategic investment will not only enhance the property’s performance but also deliver a strong return for our investors.” 

During the last nine years, Partners Capital has sponsored seven investment funds across three investment strategies and completed more than $700 million in transactions. Its current portfolio includes more than 1.8 million sq. ft. of properties throughout major markets in Texas and the Southeast. 

 Accredited investors can explore investment opportunities, including Hospitality Fund I and all of Partners Capital’s current offerings, directly through the Partners Finance digital investment platform at www.precfinance.com or you can contact Partners Finance directly at [email protected] to schedule a meeting.