September 15, 2014 - Tandy O. Lofland, founder and CEO of Intergroup Companies, is pleased to announce the firm’s participation in the recent sale of the Hilton Garden Inn Houston Energy Corridor. The 190-room hotel, opened in 2008, is a market leader in Houston’s rapidly growing I-10 Energy Corridor. The seller’s general partner, developer, and operator, an affiliate of American Liberty Hospitality, will continue to manage the hotel for the new owner, an affiliate of Summit Hotel Properties. Intergroup advised Houston-based American Liberty Hospitality in the sale.
This is the third Hilton Garden Inn closing in Houston for Intergroup in the past two years, and the second time in less than three years Intergroup has advised on the sale of this particular hotel. This sale also marks the most recent transaction between American Liberty Hospitality and Intergroup over a 25-year relationship, and the second time in 2014 Intergroup has advised on a hotel sale to Summit. American Liberty Hospitality, founded in 1973, has a portfolio of 21 hotels throughout Texas and Louisiana and has developed and/or operated most of the major hospitality brands as well as independent hotels and resorts.