Good Bull Investments, a private equity and real estate investment firm, has acquired the historic Commodore on the Beach hotel from JMK5 Holdings, marking its first foray into the hospitality industry. The 92-room mid-century hotel, located at 3618 Seawall Blvd. in Galveston, is set to undergo renovations with plans to reopen by Mardi Gras 2026. This acquisition represents a significant step for Good Bull Investments as it diversifies its portfolio beyond traditional real estate investments.
Jerome Karam, the developer behind JMK5 Holdings, sold the Commodore as part of a strategic shift towards larger redevelopment projects, including the transformation of the former Gulf Greyhound Park into a concert venue and the revitalization of properties on Westheimer in Houston. The sale of the Commodore Hotel, along with a commercial shopping center in Friendswood and a cruise ship parking property in Galveston, to Good Bull Investments, highlights the latter's growing influence in the region.
Tina Blake, Vice President of Operations for Good Bull Investments, shared the firm's excitement about entering the hospitality sector and continuing the renovation work initiated by JMK5 Holdings. This transaction not only signifies Good Bull Investments' expansion but also reflects JMK5 Holdings' commitment to projects that have a profound community impact, furthering its reputation for revitalizing landmark properties across Galveston County and beyond.
