Ideal Bull Investments Acquires Historic Commodore Hotel from Jerome Karam’s JMK5 Holdings

GALVESTON, TX, June 24, 2025 /24-7PressRelease/ — Ideal Bull Investments, a non-public equity and right property funding agency based entirely mostly in The Woodlands, has announced the acquisition of the iconic Commodore on the Beach resort from JMK5 Holdings, the right property agency led by outstanding developer Jerome Karam.

Located at 3618 Seawall Blvd. in Galveston, the 92-room mid-century resort represents Ideal Bull Investments’ first foray into hospitality. The agency plans to total renovations and reopen the property in time for Mardi Gras 2026, with constructing expected to resume internal the next 30 days below the route of WC Construction.

This acquisition marks a significant transition for JMK5 Holdings, which has spent the previous several years revitalizing historical and underutilized properties all over Galveston County. Jerome Karam, a respected developer and attorney, within the muse obtained the Commodore in 2021 and oversaw substantial renovations, alongside with work led by his son Joshua Karam and interior fabricate by his daughter, Joann Marilyn Karam.

“I wasn’t attempting to promote, but it changed into the merely time,” talked about Jerome Karam. “JMK5 Holdings is transferring heart of attention to marquee redevelopment efforts, and this transaction enables us to allocate sources to projects with even increased community affect.”

Amongst these projects is the transformation of the frail Gulf Greyhound Park loyal into a 12,000-seat A-listing live performance venue in La Marque, and ongoing revitalization efforts on Westheimer in Houston. These strategic moves accept as true with upon JMK5’s notice story of respiratory unusual existence into high-profile properties, such as the mall of the mainland redevelopment in Texas Metropolis and the repurposing of the historical Falstaff Brewery loyal into a multi-utilize event and storage verbalize.

Ideal Bull Investments has also obtained a commercial buying heart in Friendswood and a cruise ship parking property in Galveston from JMK5, additional signaling their rising presence within the residing. “We’re excited to continue the progress JMK5 started,” talked about Tina Blake, Vice President of Operations for Ideal Bull Investments. “This is an exhilarating entry level for us into hospitality, and we witness forward to opening the Commodore’s doorways to the public soon.”

As JMK5 Holdings continues to prioritize gigantic-scale redevelopment, the sale of the Commodore Hotel displays the agency’s evolving heart of attention and ongoing legacy of remodeling communities all over Galveston County and former.

About JMK5 Holdings

Founded and led by right property developer Jerome Karam, JMK5 Holdings is a Texas-based entirely mostly agency specializing within the acquisition, redevelopment, and revitalization of landmark commercial properties. With a portfolio that spans Galveston, Texas Metropolis, La Marque, and Houston, JMK5 has played a pivotal feature in restoring community resources such as the mall of the mainland, Falstaff Brewery, and Gulf Greyhound Park. The agency is identified for its dedication to adaptive reuse, family involvement, and lengthy-term financial lisp thru strategic redevelopment.

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