JV of NewcrestImage, Dabu Group & Preeminent Hotels Acquire Two Marriott-Branded Hotels in The Woodlands, Texas

NewcrestImage | October 19, 2023

A joint venture of NewcrestImage, Dabu Group, and Preeminent Hotels has acquired ownership and operation of two Marriott-branded hotels -- the 90-room Courtyard and the 90-suite Residence Inn -- located in The Woodlands, 35 miles north of Houston. The transaction closed during the week of October 9. Both properties will be fully renovated starting next year and will remain open during the renovations. The hotels are convenient to George Bush Intercontinental Airport, as well as to a variety of major corporate offices such as Chevron Phillips Chemical Co., ExxonMobil, Huntsman Corp., McKesson Specialty Health, and Repsol USA. Also nea...