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Hotel-Motel

Days Inn & Suites NASA Space Center Houston

201 N Texas Ave, Webster, TX 77598

Listing Price: Request For Offer

Number of Rooms
63
RevPAR
$28
Year Built
1995

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Days Inn & Suites NASA Space Center Houston (‘Hotel’ or ‘Property’). The Wyndham Hotels-branded Hotel will be offered on a call for offers basis, for more information, contact listing agent. The Days Inn & Suites is a 63-room, limited-service, economy Hotel established at 201 North Texas Avenue, just off Interstate 45. The Property is approximately 38,800 square feet across two floors and has various amenities including an indoor pool, business center, and guest laundry facilities. Webster, Texas is a city located in Harris County in the southeastern region of the state, 25 miles southeast of Houston. The Days Inn & Suites NASA Space Center Houston is positioned off Interstate 45, providing visibility and access to north/south transient and business travelers. With the city’s major employers and popular revenue generators near the property, this sought-after hotel benefits from many key industries of the city which include food services, health care, and retail trade. NASA Johnson Space Center (2.4 miles) and Ellington Air Force Base (5.6 miles), two of the city’s largest employers, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the workforce include Boeing Co (5.0 miles) and Memorial Hermann Southeast Hospital (7.6 miles). Revenue generators in the area, like Baybrook Mall (3.8 miles) and Space Center Houston (2.8 miles) help bring additional revenue to the hotel through an increase in transient business. Extra demand drivers for the city include University of Houston Clear Lake (4.6 miles) and Kemah Boardwalk (8.5 miles). The limited-service Hotel recorded room revenues over $641.8 thousand in 2021, with an occupancy percentage at 36.9 percent, an average daily rate (ADR) of $75.75, and RevPAR of $27.95. Compared to the STR-defined competitive set, the Property’s RevPAR is sitting at a 65 percent penetration, representing a value-add opportunity to acquire this asset and increase market penetration through strategic revenue management strategies. Additionally, a deeper look at departmental expenses will show current inefficiencies in operations with the opportunity to implement cost controls initiatives to bolster net operating income.

Investment Highlights

  • Two-Story, 63-Room, Limited-Service, Economy Hotel within the Houston Metropolitan Statistical Area (MSA)
  • Expected to Trade Below Replacement Costs
  • Positioned Off Interstate 45, In a Strong Commercial Hub with Major Business and Leizsure Demand Generators Such as NASA Johnson Space Center, Ellington Air Force Base, Boeing Co
  • Opportunity to Implement Strategic Revenue Management Strategies to Increase Rooms Sold and Net Operating Income Flow Through

Exclusively Listed By

Hotel-Motel

Days Inn & Suites NASA Space Center Houston

Listing Price: Request For Offer

Number of Rooms
63
RevPAR
$28
Year Built
1995

Investment Highlights

  • Two-Story, 63-Room, Limited-Service, Economy Hotel within the Houston Metropolitan Statistical Area (MSA)
  • Expected to Trade Below Replacement Costs
  • Positioned Off Interstate 45, In a Strong Commercial Hub with Major Business and Leizsure Demand Generators Such as NASA Johnson Space Center, Ellington Air Force Base, Boeing Co
  • Opportunity to Implement Strategic Revenue Management Strategies to Increase Rooms Sold and Net Operating Income Flow Through

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Days Inn & Suites NASA Space Center Houston (‘Hotel’ or ‘Property’). The Wyndham Hotels-branded Hotel will be offered on a call for offers basis, for more information, contact listing agent. The Days Inn & Suites is a 63-room, limited-service, economy Hotel established at 201 North Texas Avenue, just off Interstate 45. The Property is approximately 38,800 square feet across two floors and has various amenities including an indoor pool, business center, and guest laundry facilities. Webster, Texas is a city located in Harris County in the southeastern region of the state, 25 miles southeast of Houston. The Days Inn & Suites NASA Space Center Houston is positioned off Interstate 45, providing visibility and access to north/south transient and business travelers. With the city’s major employers and popular revenue generators near the property, this sought-after hotel benefits from many key industries of the city which include food services, health care, and retail trade. NASA Johnson Space Center (2.4 miles) and Ellington Air Force Base (5.6 miles), two of the city’s largest employers, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the workforce include Boeing Co (5.0 miles) and Memorial Hermann Southeast Hospital (7.6 miles). Revenue generators in the area, like Baybrook Mall (3.8 miles) and Space Center Houston (2.8 miles) help bring additional revenue to the hotel through an increase in transient business. Extra demand drivers for the city include University of Houston Clear Lake (4.6 miles) and Kemah Boardwalk (8.5 miles). The limited-service Hotel recorded room revenues over $641.8 thousand in 2021, with an occupancy percentage at 36.9 percent, an average daily rate (ADR) of $75.75, and RevPAR of $27.95. Compared to the STR-defined competitive set, the Property’s RevPAR is sitting at a 65 percent penetration, representing a value-add opportunity to acquire this asset and increase market penetration through strategic revenue management strategies. Additionally, a deeper look at departmental expenses will show current inefficiencies in operations with the opportunity to implement cost controls initiatives to bolster net operating income.

Exclusively Listed By

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