Land Purchased for a Holiday Inn Express

HOUSTON-Plans are in the works for the Houston area to receive its 17th Holiday Inn Express Hotel on a 70,000-sf tract at the crossroads of Interstate 10 East and Charlie Oats Road in the near west submarket.

Blinks Investment Inc. bought the site from NewQuest Properties of Houston. The brokerage firm’s Dave Ramsey handled talks for the seller while Blinks also used in-house representation to structure the deal.

Ramsey tells GlobeSt.com that the Houston-based hotel franchisee will break ground on the Holiday Inn Express in the next 60 days. The land is adjacent to NewQuest’s Hunting Bayou shopping center, a 280,000-sf venue with a Cinemark and 24-Hour Fitness as the anchors. Ramsey says the tract was sold for hotel purposes because its layout made a “perfect fit” for such a product.

There are more than 1,000 Holiday Inn Express hotels worldwide. The Atlanta-based brand is considered one of the hottest successes for parent company, Six Continents Hotels. Holiday Inn Express revolves around value-oriented, limited service, mid-market hospitality services.