HOUSTON— The Shoneys Inn & Suites located here near the Galleria has been sold by ShoLodge, Inc. of Hendersonville, TN to CNAMS, LP, a local Houston hotel group. Handling the transaction were Lisa Hankamer of CB Richard Ellis and Charles DeChiro of the DeChiro Companies. Plans are to convert the property to a Holiday Inn Express & Suites, according to CB Richard Ellis. This is the second Shoneys Inn & Suites property to be sold by Hankamer in Houston within the past nine months. The other was the Shoneys Inn in SugarLand, TX. Both properties are in areas with major barriers to entry and both are looking to create major upside through the re-branding to Holiday Inn Express, according to CB Richard Ellis.
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