Porter Hedges Represents MetroNational in the Acquisition of The Moran Hotel in CityCentre

Porter Hedges was pleased to help represent MetroNational Corporation (“MetroNational”) in connection with its acquisition of The Moran Hotel, a AAA Four Diamond hotel located in the heart of CityCentre, through a joint venture with Rockbridge Holdings LLC in a transaction brokered by JLL.

This latest transaction allows MetroNational to expand its hospitality portfolio by acquiring the prominent west Houston hotel, and further expand its foothold in the popular mixed-use CityCentre district. Also included in the purchase, MetroNational acquired retail space that is home to the restaurants Daily Gather and Yard House.

MetroNational is a privately held real estate investment, development, and management company headquartered in Houston. Founded in 1954, the multi-generational, family-owned company oversees 11 million square feet of commercial real estate assets, primarily located in Greater Houston.

Rockbridge Holdings LLC is a hospitality-centered investment firm located in Columbus, Ohio.

JLL Partners is an American private equity firm focused on leveraged buyout transactions and leveraged recapitalizations of middle-market companies, with offices in Houston.

For additional information, please see the MetroNational release here and the Houston Chronicle report here.