Residence Inn by Marriott Houston Medical Center/NRG Park

Top1031 lists Residence Inn by Marriott Houston Medical Center/NRG Park as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.

Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

The sources point in different directions, and Top1031 does not reconcile them. The issuer's Form D — the brief notice an issuer files with the SEC for a private placement — was signed March 2, 2026 as a new notice rather than an amendment, and no amended notice has been located since.[9] Separately, a sponsor-derived offering page described the offering status as closed, with that page last updated August 3, 2026.[10] Confirm current availability directly with Moody National.

Moody National REIT II, an affiliated public REIT, reported entering a purchase and sale agreement on April 21, 2025 to sell the Residence Inn Houston Medical Center to an affiliated purchaser for an aggregate price of $33.0 million, and still reported the property as held as of September 30, 2025.[8] Sponsor material reports the Trust's acquisition at $33,000,000 on February 27, 2026.[7] Because Moody National entities sat on both sides, the appraisal, the purchase and sale agreement, and the conflicts-of-interest disclosures in the PPM — the private placement memorandum given to prospective investors — are where that price and those relationships are documented.

Not Marriott, and not the guests. Sponsor material states the hotel is leased under a master lease to an affiliated Moody National master tenant, which owes the Trust base rent plus percentage rent tied to hotel revenue.[6] In practice, cash reaching investors depends on how the hotel operates, flowing through an affiliate, rather than on an outside corporate tenant's credit.

No. Sponsor material describes the acquisition as all-cash and unleveraged, with no mortgage debt and no scheduled debt service.[7] That removes maturity and refinancing risk and the lender-driven cash sweeps that can interrupt distributions in a leveraged deal. It also means hotel operations and funded reserves are the only sources of cash, and a 1031 exchanger who needs to replace debt from a relinquished property will not find matching debt here.

A property improvement plan, or PIP, is renovation work a hotel franchisor requires as a condition of keeping its brand flag. Sponsor material budgets approximately $3,200,000 for a franchisor-required Marriott PIP and reports an initial operating reserve of $3,620,782, roughly 8.64% of the raise.[11] That is a budget, not completed work: no public evidence that the PIP has been performed was established in the material reviewed, so the PPM and the franchise agreement are where the requirement is spelled out.

The structure contemplates an optional Section 721 contribution — exchanging trust interests for operating-partnership units in an affiliated REIT instead of receiving replacement real estate. Making that election generally ends future 1031 eligibility for those interests, because partnership units are not real property. BlueVault Partners reported on July 16, 2026 that Moody National REIT I and REIT II closed a merger, so an investor would want to confirm which surviving partnership would receive any contribution. Timing, pricing, and mechanics live in the PPM and the trust agreement.