Hotel Granduca in Houston, TX Sold

Transwestern Hospitality Group (THG) announces it has acquired Hotel Granduca, a 122-key luxury hospitality property on three and a half acres at 1080 Uptown Park Boulevard. THG partners' Tyler Lavin and Thomas Duncan, supported by Transwestern's investment team, facilitated the transaction and will lead a comprehensive repositioning project at the renowned hotel.

"Hotel Granduca is an irreplaceable five-star property located in an amenity-rich, walkable enclave between the?River Oaks and Galleria submarkets," Lavin said. "In a world where travelers increasingly expect a memorable, authentic experience, this is a rare opportunity to embrace the individuality of one of the city's most distinct hospitality spaces."

"Tapping into Transwestern's integrated platform and some of the best talent in the hospitality space, our team has the placemaking experience to bring a bold vision to life, creating an unmatched environment for Houston's residents and visitors," Duncan added.

THG is collaborating with Ring on Hook, which specializes in hospitality renovations, venue activations, and other placemaking consultants, to reposition the asset that will begin mid-year 2024. Design firm Kara Childress Inc., widely known for extensive work in curating bespoke luxury interiors that integrate old-world beauty and modern functionality, has been selected as a lead interior designer for the project. Westmont Hospitality Group has been selected to operate the hotel.

Planned updates to the privately held Hotel Granduca include the property's design, guest experience, amenity package, and food and beverage program. The ground floor will be transformed into a vibrant gathering place with a destination restaurant. Enlarged and improved event spaces, new workout facilities, and curated programming will cater to discerning clientele looking for a boutique hospitality ambiance that stands apart from major hotel groups.

"Our good friend, Giorgio Borlenghi, as Master Developer of Uptown, designed and built this iconic hotel some 17 years ago with his signature quality standards and remarkable eye for detail," said Transwestern Chairman Robert Duncan. "We are privileged to have this opportunity to further elevate the Granduca hospitality experience for our guests. And we are delighted that Giorgio remains a stakeholder who will consult with us to unleash the full potential of this extraordinary property."