Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the newer built Holiday Inn NW Houston Beltway 8 in north Houston Texas with close proximity to George Bush Intercontinental Airport, Sam Houston Race Park, Downtown, The Galleria, Willowbrook, Humble, Spring, and The Woodlands. The hotel is surrounded by numerous companies including National Oilwell Varco, Eaton, Halliburton, Amazon, General-Electric, Home Depot, and Baker Hughes. The Hotel is a four-story building on 2.63 acres and consist of 100 interior corridor guest rooms. Amenities include Toast to Toast onsite restaurant, ballroom/banquet room, business center, indoor pool, 2,500 SF fitness center and guest laundry facilities. The property is ideally located 20 minutes north of Downtown Houston and only 9 miles south of George Bush Intercontinental Airport (IAH), the fourteenth busiest airport in the U.S. The market is host to several museums, outdoor activities and sporting venues, including the Toyota Center (home to NBA's Rockets), Minute Maid Park (home to MLB's Astros), and NRG Stadium (home to NFL's Texans). Nearby attractions include Houston Interactive Aquarium, Mercer Botanic Gardens, White Oak Music Hall and more. The Houston MSA benefits from tens of educational institutions and low costs of living and doing business. Houston is a top destination for corporate relocations and is home to more than 20 Fortune 500 companies. The Holiday Inn NW Houston Beltway 8 represents the opportunity to acquire a newer IHG-branded hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes property stabilization and continued growth supported by the surrounding area property performances, increasing population and demand growth in the Houston region.