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Partners Capital acquired a 162-key hotel near The Galleria in Houston. The Houston Business Journal reports that Partners Capital said Hilton will award a maximum 15-year licensing term as part of the sale. The Homewood Suites by Hilton Houston Galleria, built in 2006, is located at 2950 Sage Road.

Following next year’s World Cup, where Houston will host a few games, Partners Capital will launch a multimillion-dollar hotel renovation. The hotel has an 84% occupancy rate.