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 GlobeSt.com. “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.”

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