Matterhorn Capital Management of San Antonio TX was acquired by Avalon Advisors LLC of Houston,TX.
The sixth-largest Houston-area wealth management firm, Avalon Advisors LLC, acquired San Antonio investment firm Matterhorn Capital Management LLC in a deal that closed this week. The terms of the transaction were not disclosed. Matterhorn Capital Management was once a startup co-founded by Juan Landaand Stefan Grater in 2005. Now both are joining Avalon Advisors' San Antonio office. "It was a belief that we could do something different and add a higher level of sophisticatio
Homewood Suites by Hilton Near the Galleria area, three others sold in $119M deal
Orlando, Florida-based Xenia Hotels & Resorts Inc. (NYSE: XHR) sold one of its four Houston-area hotels as part of a larger deal. Homewood Suites by Hilton Houston Near the Galleria, a 162-room extended-stay hotel at 2950 Sage Road, and three other hotels in St. Louis, Denver and Chicago were sold to an undisclosed buyer for about $119 million. Xenia also retained about $1.5 million in capital reserve funds related to the properties. The properties were non-core assets with p
Packwell to build multimillion-dollar commercial facility in Houston TX.
Resin packaging company Packwell said it will build an export packaging facility in Texas in partnership with freight transportation company BNSF and industrial developer Hillwood.
The plastics export hub will be located at the 18,000-acre mixed-use AllianceTexas development near Fort Worth, and will serve as part of the company’s new global supply chain route. Construction is due to begin this year and is expected to strengthen breakbulk and multimodal transport demand in
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Houston's Fiesta expanding into 3 more retail center locations.
Houston-based Fiesta Mart LLC scooped up three more locations in the Houston area, the latest in a string of announcements this year.Details about the acquisitions were not disclosed, but all three locations were former grocery stores. The locations are: 2877 S. Richey in southeast Houston, which once housed a Bravo Ranch 5101 Avenue H #55 in Rosenberg, west of Sugar Land 11035 East Freeway, just east of the intersection of Interstate 10, the 610 Loop and Highway 90 Those sto
The biggest soul food restaurant to open in Houston on 6356 Richmond Ave
A popular soul food restaurant with its own TV show is coming to Houston. St. Louis-based Sweetie Pie's, which has a show on the Oprah Winfrey Network, is opening up an eatery west of the Loop in 2017, two sources close to the deal told the Houston Business Journal. Sweetie Pie's could not be reached for comment. The 9,000-square-foot restaurant will open at 6356 Richmond Ave., the sources said. The lease was signed in September 2016 at the former Beaucoup Bar & Grill, a New
Houston developer finally closes on Upper Kirby land for luxe apartment tower
The Hanover Co. never gave up on its plans to build a new luxury apartment tower in Upper Kirby. The Houston multifamily developer didn’t give up when a former capital partner pulled its support amid plunging oil prices in early 2015. It didn’t give up when it struggled to find another capital partner willing to finance a luxury apartment tower amid the oil slump. And it didn’t give up when market conditions forced several costly delays to the closing date. But on Nov. 17 — a
Brookfield acquires longtime downtown Houston hotel, plans renovation
Brookfield Property Partners LP(NYSE: BPY) acquired the Doubletree by Hilton Hotel-Houston Downtown at 400 Dallas St., Paul Frazier, executive vice president at Brookfield, told the Houston Business Journal. Brookfield bought the hotel from an institutional investor based outside of Houston, Frazier said. The acquisition closed on Nov. 30. Financial details were not disclosed, but the property is appraised at $43.8m by the Harris County Appraisal District. The Doubletree is a
