- Frontera acquired TownePlace Suites at Houston Hobby Airport.
- The hotel is five minutes from William P. Hobby Airport.
- The company is led by Chairman and CEO Peter Bheda.
FRONTERA HOTEL GROUP acquired the 119-key TownePlace Suites by Marriott Houston Hobby Airport in Houston. The lender-driven deal is the firm’s first investment and management project in the Houston MSA.
The 4-story hotel is five minutes from William P. Hobby Airport, which is adding seven gates in a $470 million West Concourse expansion by 2027, according to the company. It is also near Houston Zoo, Downtown Houston, NRG Stadium, University of Houston, Hobby Event Center and NASA Space Center.
The Texas-based hotel management company is led by Chairman and CEO Peter Bheda. The deal also marks the company’s return to the Marriott brand after four years.
“We’re focused on the Hobby Airport submarket, where strong fundamentals and upside are expected in 2026, driven by steady demand, limited new supply and air traffic growth,” wrote Zuhair Bheda, Frontera’s chief investment officer, on LinkedIn. “This is the type of opportunity where active asset management can unlock value.”
Affiliates of AON Hospitality Group recently acquired the 130-key Holiday Inn Express & Suites in South Portland, Maine, from Beddy Bye LLC. The 1998-built property is the company’s 15th hotel, fourth Holiday Inn Express and third in New England.
