Sold! Towne Place Suites Clute, TX!

DEAL CLOSED!

We’re pleased to announce the successful sale of TownePlace Suites by Marriott Clute/Lake Jackson, a premier hospitality asset located at 1003 Texas 332, Clute, Texas 77531.

This 82-room, Marriott-branded hotel is strategically positioned between Houston and the Texas Gulf Coast, allowing it to capture both business and leisure demand.

The property features spacious suites with fully equipped kitchens, multi-room layouts, high-speed internet access, and inviting outdoor spaces designed to accommodate extended-stay guests and corporate travelers.

Its strong location near major employers including Dow, BASF, Freeport LNG, and Chevron, along with convenient access to shopping centers, healthcare facilities, regional airports, and Gulf Coast recreational amenities, further reinforces its long-term investment appeal.

This transaction highlights the continued investor demand for well-located hospitality assets in growing Texas markets, particularly properties benefiting from strong corporate demand drivers and diverse economic fundamentals.

We remain actively engaged with qualified buyers and provide both on-market and off-market sale strategies, helping owners maximize value and execute transactions efficiently at market-driven pricing.

We represent sellers across all major commercial asset classes:

Hotels & Hospitality
Multifamily
Retail Shopping Centers
Land & Development Sites
Gas Stations & Convenience Stores
Office & Mixed-Use Properties

If you’re considering a sale or puchase - or simply want a confidential opinion of value - now is an ideal time to explore your options.

Contact Ash Noorani to discuss a strategic, results-driven approach tailored to your asset.

Visit our Website at www.cbanrealestate.com

Ash Noorani

Ash@cbanrealestate.com

Direct: (832)455-6486

Office: (713)581-4899

Disclaimer

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party’s intended use or any and all other matters. Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third-party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions, vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants, and governmental agencies. All properties and services are marketed by KW Commercial in compliance with all applicable fair housing and equal opportunity laws.