JLL secures sale of newly renovated Moran Hotel CITYCENTRE in Houston

HOUSTON, May 20, 2026 – JLL’s Hotels & Hospitality Group announced today it has completed the sale of the Moran Hotel CITYCENTRE, a premier 244-room lifestyle hotel strategically positioned within Houston's dynamic 47-acre CITYCENTRE mixed-use district.

JLL represented the seller, Midway, in the transaction. MetroNational acquired the asset in a joint venture.

The Moran Hotel occupies a prominent location in CITYCENTRE, Houston's leading mixed-use neighborhood developed by Midway. The walkable, amenitized environment encompasses more than 400,000 square feet of retail, over 1,500 multifamily units, a 140,000-square-foot premier fitness facility and nearly 1.5 million square feet of Class A office space.

The hotel features an extensive amenity base catering to leisure, group, and business travelers, including a comprehensive food and beverage program with five distinct outlets, approximately 15,750 combined square feet of state-of-the-art meeting space, an outdoor pool overlooking the CITYCENTRE Green and a fully equipped fitness center. The property opened in 2009 as Hotel Sorella before rebranding as the Moran in 2020, named in honor of Midway founder Jim Moran.

Most recently, the hotel completed a multimillion-dollar renovation in 2024, which included upgrades to guestrooms, food and beverage outlets and common areas. The elevated guest experience features expanded dining options, inviting social spaces and contemporary finishes. The hotel stands as the focal point of CITYCENTRE, opening directly to the CITYCENTRE Green gathering space, which hosts live music and generates activated pedestrian flow to the hotel's ground-floor retail and food and beverage offerings.

In addition to the 244-room inventory, the offering included 22 condominium units located on Floors 11-12 and 14,645 square feet of ground floor retail fully leased to Daily Gather and Yard House. Food and beverage outlets include Café Moran, The Allegory Bar and The Board Room, a grab-and-go concept, which opened summer 2025.

The hotel has earned consistent industry recognition, receiving the AAA Four Diamond Award annually since 2018 and appearing in Travel + Leisure's World's Best Awards and Condé Nast Traveler's Readers' Choice Awards for 2024 and 2025. The property also holds a TripAdvisor Certificate of Excellence, ranking No. 30 of 542 hotels in Houston.

The Moran is situated at the intersection of Interstate 10 and Beltway 8, providing access to more than two million residents within 20 minutes. The location reaches 243,000 employees within a five-mile radius and sits just one minute from Interstate 10, Houston's vital east-west artery. CITYCENTRE ranks as a top 10 lifestyle retail center statewide, welcoming over 4.6 million visitors annually to retail amenities including Star Cinema Grill, Nike, and Sephora, along with numerous local and national chain restaurants.

The JLL Investment Sales and Advisory team was led by Senior Managing Directors Colby Mueck and Ryan West and Directors Greyson Fewin and Robby Westerfield.

"We are pleased to have facilitated this transaction in Houston's thriving CITYCENTRE district," Fewin said. "The property's recent renovation and strategic position within this dynamic live-work-play destination made it an attractive acquisition for MetroNational."

Westerfield added, "This sale underscores the strength of West Houston's lodging market and the appeal of lifestyle hotels in well-amenitized, walkable environments. The Moran Hotel offers significant upside potential in a submarket that continues to outperform."

JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory, and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Our purpose is to create enduring investments and remarkable places that enrich people’s lives. Houston-based Midway is a privately owned, fully integrated real estate investment and development firm that has provided the highest level of quality, service and value to its clients and investors for more than 50 years. The Midway portfolio of projects completed and/or underway consists of approximately 45 million square feet of properties in 23 states and Northern Mexico ranging from mixed-use centers, corporate headquarters, multifamily, entertainment, hospitality, business and industrial parks, and master-planned resort and residential communities. Since its inception in 1968, Midway has created projects of distinction, aesthetic relevance and enduring value for its investors, clients and local communities.

MetroNational is a privately held real estate investment, development and management company headquartered in Houston that owns and manages more than 10 million square feet of commercial real estate properties primarily in West Houston, including the Memorial City and CityCentre mixed-use developments. Founded in 1954, the company's portfolio spans office, retail, restaurant, hospitality and health care properties.