HOUSTON, TX, December 18, 2025: HVS Brokerage & Advisory announces the sale of the 82-key Staybridge Suites Houston I-10 West - Beltway 8, located at 3251 West Sam Houston Parkway North Houston, Texas 77043.
The property, built in 2014, was purchased by Prisha Hotels LLC, based in Beaumont, Texas, from Noreen Enterprises LLC, based in Houston, Texas.
Sultan Khowaja, Managing Partner of Noreen Enterprises LLC, commented, “Our family is gradually exiting the hospitality business, even with the challenges in today’s market. HVS listed the property, and we were encouraged by the strong interest we received, including competitive offers from out-of-state buyers. The HVS team leveraged their relationships to identify the right buyer—with whom they had successfully worked before—and seamlessly guided us through the process. We are grateful for their support every step of the way.”
The property benefits from its excellent visibility along the Sam Houston Tollway, between Interstate 10 and U.S. Highway 290, strategically situated approximately six miles from the Energy Corridor and four miles from Memorial City. Sam Houston Tollway is a major thoroughfare in Houston that accommodates thousands of vehicles daily, and the Energy Corridor of Houston is home to a large concentration of oil and gas, energy, and engineering corporations. Corporate demand generators in the area include Claymoore Business Park, West Belt Business Park, Town & Country Business Park, Cameron (a Schlumberger company), Baker Hughes, BP Energy Company, Wyatt Field Services, Shell Oil Company, and CITGO Petroleum, as well as Wallis Bank, Higginbotham (financial services), Travelers (insurance), Mediterranean Shipping Company, and Memorial City Medical Center. Leisure demand generators in the area include Baseball USA Park, Sam Houston Race Park, Memorial City Mall, and CityCentre Plaza.
“We truly appreciated the Khowaja family’s trust in allowing us to assist with this sale. While the hotel benefits from an excellent location, the transaction came with challenges, including a significant PIP and low in-place cash flow. We moved quickly, bringing the listing to market within a week of signing, and generated seven tours and four written offers in just 30 days. The selected buyer was a repeat buyer in a 1031-exchange and was able to close ahead of schedule. We look forward to seeing the new owner reposition and enhance the property,” said James Rebullida, Senior Vice President of HVS Brokerage & Advisory.
HVS Brokerage & Advisory team members Eric Guererro, James Rebullida, Kyle Peterek, Fadi Rawashdeh, and Daneen Godinet participated in this transaction.
Media Contact:
Lizzette Casarin
Senior Marketing Director
[email protected]
+1 (720) 244-7620
The property, built in 2014, was purchased by Prisha Hotels LLC, based in Beaumont, Texas, from Noreen Enterprises LLC, based in Houston, Texas.
Sultan Khowaja, Managing Partner of Noreen Enterprises LLC, commented, “Our family is gradually exiting the hospitality business, even with the challenges in today’s market. HVS listed the property, and we were encouraged by the strong interest we received, including competitive offers from out-of-state buyers. The HVS team leveraged their relationships to identify the right buyer—with whom they had successfully worked before—and seamlessly guided us through the process. We are grateful for their support every step of the way.”
The property benefits from its excellent visibility along the Sam Houston Tollway, between Interstate 10 and U.S. Highway 290, strategically situated approximately six miles from the Energy Corridor and four miles from Memorial City. Sam Houston Tollway is a major thoroughfare in Houston that accommodates thousands of vehicles daily, and the Energy Corridor of Houston is home to a large concentration of oil and gas, energy, and engineering corporations. Corporate demand generators in the area include Claymoore Business Park, West Belt Business Park, Town & Country Business Park, Cameron (a Schlumberger company), Baker Hughes, BP Energy Company, Wyatt Field Services, Shell Oil Company, and CITGO Petroleum, as well as Wallis Bank, Higginbotham (financial services), Travelers (insurance), Mediterranean Shipping Company, and Memorial City Medical Center. Leisure demand generators in the area include Baseball USA Park, Sam Houston Race Park, Memorial City Mall, and CityCentre Plaza.
“We truly appreciated the Khowaja family’s trust in allowing us to assist with this sale. While the hotel benefits from an excellent location, the transaction came with challenges, including a significant PIP and low in-place cash flow. We moved quickly, bringing the listing to market within a week of signing, and generated seven tours and four written offers in just 30 days. The selected buyer was a repeat buyer in a 1031-exchange and was able to close ahead of schedule. We look forward to seeing the new owner reposition and enhance the property,” said James Rebullida, Senior Vice President of HVS Brokerage & Advisory.
HVS Brokerage & Advisory team members Eric Guererro, James Rebullida, Kyle Peterek, Fadi Rawashdeh, and Daneen Godinet participated in this transaction.
About HVS Brokerage & Advisory
The Brokerage & Advisory division is a specialized group within HVS that offers services related to investment sales and capital markets, focused exclusively on the hospitality industry. With a global footprint and over 35 offices nationwide, HVS’s hospitality intelligence and extensive expertise will help you achieve the results you want.Media Contact:
Lizzette Casarin
Senior Marketing Director
[email protected]
+1 (720) 244-7620