Houston Hotel Once Again Available for Purchase

Houston Hotel Once Again Available for Purchase

The Hilton Houston Post Oak, located at 2001 Post Oak Blvd., has faced its fair share of challenges and is now once again up for sale. The hotel was forced into bankruptcy due to the Covid pandemic, resulting in the owner’s inability to pay the mortgage. Despite being put on the market, a potential buyer ultimately backed out.

However, since JPMorgan Chase took over control of Hilton Houston Post Oak, their management team has been diligently working towards stabilizing the property in preparation for its eventual sale. According to reports from The Houston Business Journal, it is expected that this process will be completed by 2025 and then put back on the market.

Originally built in 1982 as The Warwick Post Oak Hotel before later becoming known as Double Tree Hotel on Post Oak Boulevard,the iconic I.M Pei-designed hotel was developed by Hines – a renowned real estate company based in Houston who saw an opportunity to bring luxury accommodations to Galleria/Uptown area. With its impressive stature standing tall at 14-stories high with a total of448 rooms available,HiltonHoustonPostOak remains oneofthe largest hotelsinHouston today.

After facing financial struggles during these unprecedented times,the strugglingHiltonHoustonPostOakhotelisnowbackonthe marketandreadytofindanewowner.ThepropertyhasbeenunderthecareofJPMorganChase,andtheirmanagementteamhasworkedtowardstabilizingitforasuccessfulsale.AccordingtothereportsofTheHoustonBusinessJournal,itissaidthatthisprocesswillbecompletedby2025beforebeingputbackonthemarket.OnceknownastheWarwickPostOakHotel,thisiconicI.MPei-designedhotellaterbecameDoubleTreeHotelonPostOakBoulevard.ItwasoriginallydevelopedbyHines,arespectedrealestatecompanybasedinHoustonwhosawagapinthemarketforluxuryaccommodationsintheGalleria/Uptownarea.Withitsimpressiveheightof14-storiesand448roomsavailable,HiltonHoustonPostOakremainsonethebiggesthotelsinHouston.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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