HTX Real Estate 2013
Real Estate Rumblings

Two high-powered Houston hotels go up for sale — with a $210 million asking price

Two high-powered Houston hotels go up for sale at a $210 million price

The Westin Galleria Houston lobby
The Westin Galleria lobby StarwoodHotels.com
The Westin Galleria Houston night The Galleria
Aerial of The Westin Galleria and The Galleria area StarwoodHotels.com
The Westin Oaks Houston hotel palm trees at night
The Westin Oaks Photo courtesy of the Greater Houston Convention & Visitors Bureau
The Westin Galleria Houston lobby
The Westin Galleria Houston night The Galleria
The Westin Oaks Houston hotel palm trees at night

Always wanted to own a hotel? The time's ripe in Houston — as long as you have a couple of hundred million dollars lying around. The owner of two-high profile Westin hotels is trying to unload the properties.

The Westin Oaks Houston at the Galleria and The Westin Galleria are both up for sale, according to the Real Estate Alert newsletter. The two hotels carry an estimated total value of approximately $210 million — a $235,000 per room price, according to CultureMap real estate guru Ralph Bivins, the editor of Realty News Report.

The Westin Oaks has 406 rooms. The Westin Galleria boasts 487 rooms and 20 suites. 

Walton Street Capital has listed the hotels with Eastdil Secured.  The Starwood Hotels & Resorts chain based in Stamford, Conn., operates the two locations as well as the Westin Houston Memorial City.