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The 353-room hotel recently sold for $117.5 million, unencumbered of an existing management agreement, to an undisclosed buyer by seller, Han's Holdings Group Ltd.
Developers are poised to bring about 16,900 deliveries throughout the year, mostly in the Katy and Spring/Tomball markets, thanks to proximity to important transit routes such as Interstate 10 and Grand Parkway.
The Troubadour will be the first development for Mac McElwrath and Chris Sipes' Wayfinder, which focuses on high-growth areas with access to major employment centers and entertainment amenities.
Boston-based Marcus and John M. Corcoran and Company of Braintree, MA have purchased 1943 Dorchester Ave. in Dorchester and 4236 Washington St. in Roslindale.