SHENANDOAH, TX-Citing employee growth and increased commercial real estate demand in the Woodlands, TX (about 20 miles north of Houston), management with Moody National REIT I Inc. acquired the 91-key Homewood Suites Woodlands. The Houston-based buyer paid $12 million to a group led by Woodlands Terrapin Investors I LLC of California in this commercial real estate transaction.

 “The property is an upscale, extended-stay product by Hilton, in a major metropolitan market and located near the new Exxon campus,” Moody National CEO Brett Moody tells “The property is currently performing well; given the multiplicity of demand generators and the existing strength of the market when considering the arrival of the new Exxon campus, we should see extremely positive growth over the next few years.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.