Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Texas  + Hospitality  | 

Propel Management to Take On 91-Key Holiday Inn Express

Propel Management has been tapped to manage a 91-room hotel in Round Rock, TX, which will re-open in May, 2020 as a Holiday Inn Express & Suites. Propel Management’s sister company, Propel Construction LLC, is renovating the property at 2340 N. Interstate 35.

Hotel Reposition Partners LLC, traced to PaulsCorp of Denver, CO. acquired the asset from Blue Chip Hotels Asset Group. The seller had filed for Chapter 11 bankruptcy in fall, 2019, according to public records. The hotel had sat dormant for more than a year, with renovation recently launched.

According to Tye Turman, Propel Cos.’ recently-hired CEO, the move is in line with the company’s enhanced third-party growth plans. “Now that we’ve taken over management for the property and our construction division can begin renovation, we are very excited to give new life to this well-located hotel in Round Rock’s thriving market,” added Propel Management’s Jayson Mitchell.

Get CRE News in 150 words

For comments, questions or concerns, please contact Amy Sorter


Inside The Story

Connect With Propel Companies

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.