Lowe Joint Venture Acquires Three Hotels In The Woodlands® From The Howard Hughes Corporation®

LOWE | September 16, 2021

THE WOODLANDS, TX - September 16, 2021 - A joint venture between Lowe and an institutional investor announced today its acquisition from The Howard Hughes Corporation of three hospitality assets located in The Woodlands®, a 28,500-acre award-winning master planned community in the greater Houston area. The Woodlands Resort; The Westin at The Woodlands; and Embassy Suites by Hilton, The Woodlands at Hughes Landing were purchased for $252 million and will continue to be managed by Lowe's hospitality management subsidiary, CoralTree Hospitality, which took over management of the properties in September of 2020. Lowe will immediately begi...