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Hotel-Motel

Comfort Inn & Suites FM1960 - Champions Houston

3555 Cypress Creek Pkwy, Houston, TX 77014

Listing Price: $3,700,000

Cap Rate
7.31%
Number of Rooms
56
RevPAR
$41
Price/Room
$66,071
RRM
4.38
Year Built
1997

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 Comfort Inn & Suites FM1960 Champions Houston (‘Hotel’ or ‘Property’). The Choice Hotels International-branded Hotel is offered at $3,700,000 or $64,912 per key. The Comfort Inn & Suites FM1960 Champions Houston is located at 3555 Cypress Creek Parkway in Houston, Texas, just off FM1960. The 56-room, three-story Property was built in 1997, is situated on a 1.37-acre lot, and has roughly 28,350 square feet of interior building space between its three floors. The Property also maintains a wide variety of common area amenities, including an outdoor pool, exercise room, guest laundry facility, business center, breakfast area, a 770 square-foot banquet room, and parking that accommodates trucks and RVs. An unincorporated community in Harris County, Texas, Champion Forest is just 20 miles north of downtown Houston. The region provides ample opportunities for new and existing businesses as the city has approved several developments that have begun to break ground. With an array of room demand generators near the Property, this Choice-branded Hotel has direct access to many businesses and attractions that provide revenue for the region. For instance, the Houston Methodist Willowbrook Hospital is just over 5 miles from the Property and has a capacity of 312 beds. The regional facility offers a full-service, acute-care patient service and is consistently ranked by U.S. News as a top hospital among the best in Texas and Houston. Other noted medical facilities in the region include St. Luke’s Hospital and United Memorial Center North; all located within 10 miles of the Property. Other businesses in the area include Hewlett Packard (8.6 miles), GE Oil & Gas (15.1 miles), Baker Hughes (13 miles), National Oil Varco (7.8 miles), Noble Energy (8.1miles), FMC Technologies (8.3 miles) and Canrig Drilling Technology (6.2 miles). Leisure tourists also visit Downtown Houston (20 miles), and the city center is home to professional baseball, basketball, and soccer teams. Travelers can travel through two regional international airports: The George Bush Intercontinental Airport (15.1miles) and Hobby Airport (32 miles), which saw a cumulative of over five million international and domestic passengers in March 2019. In 2022, the limited-service Hotel recorded a $40.58 RevPAR, 57.9 Percent Occupancy, and $70.15 Daily Rates. The Hotel ranks first out of four in the STR-defined competitive set with a 113 percent RevPAR penetration index. There is potential for this upper-midscale Hotel to continue to lead the competitive set through the implementation of revenue management strategies.

Investment Highlights

  • Three-Story, 56-Room, Upper-Midscale Hotel within the Houston MSA
  • Excellent Visibility and Accessibility from Cypress Creek Parkway, One of the Highest Trafficked Thoroughfares in Champions Forest
  • Operational Upside for Hands-On Owner-Operator Experienced in Revenue Management
  • Offered Fee Simple, Unencumbered by a Management Contract and Debt

Exclusively Listed By

Financing By

Hotel-Motel

Comfort Inn & Suites FM1960 - Champions Houston

Listing Price: $3,700,000

Cap Rate
7.31%
Number of Rooms
56
RevPAR
$41
Price/Room
$66,071
RRM
4.38
Year Built
1997

Investment Highlights

  • Three-Story, 56-Room, Upper-Midscale Hotel within the Houston MSA
  • Excellent Visibility and Accessibility from Cypress Creek Parkway, One of the Highest Trafficked Thoroughfares in Champions Forest
  • Operational Upside for Hands-On Owner-Operator Experienced in Revenue Management
  • Offered Fee Simple, Unencumbered by a Management Contract and Debt

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 Comfort Inn & Suites FM1960 Champions Houston (‘Hotel’ or ‘Property’). The Choice Hotels International-branded Hotel is offered at $3,700,000 or $64,912 per key. The Comfort Inn & Suites FM1960 Champions Houston is located at 3555 Cypress Creek Parkway in Houston, Texas, just off FM1960. The 56-room, three-story Property was built in 1997, is situated on a 1.37-acre lot, and has roughly 28,350 square feet of interior building space between its three floors. The Property also maintains a wide variety of common area amenities, including an outdoor pool, exercise room, guest laundry facility, business center, breakfast area, a 770 square-foot banquet room, and parking that accommodates trucks and RVs. An unincorporated community in Harris County, Texas, Champion Forest is just 20 miles north of downtown Houston. The region provides ample opportunities for new and existing businesses as the city has approved several developments that have begun to break ground. With an array of room demand generators near the Property, this Choice-branded Hotel has direct access to many businesses and attractions that provide revenue for the region. For instance, the Houston Methodist Willowbrook Hospital is just over 5 miles from the Property and has a capacity of 312 beds. The regional facility offers a full-service, acute-care patient service and is consistently ranked by U.S. News as a top hospital among the best in Texas and Houston. Other noted medical facilities in the region include St. Luke’s Hospital and United Memorial Center North; all located within 10 miles of the Property. Other businesses in the area include Hewlett Packard (8.6 miles), GE Oil & Gas (15.1 miles), Baker Hughes (13 miles), National Oil Varco (7.8 miles), Noble Energy (8.1miles), FMC Technologies (8.3 miles) and Canrig Drilling Technology (6.2 miles). Leisure tourists also visit Downtown Houston (20 miles), and the city center is home to professional baseball, basketball, and soccer teams. Travelers can travel through two regional international airports: The George Bush Intercontinental Airport (15.1miles) and Hobby Airport (32 miles), which saw a cumulative of over five million international and domestic passengers in March 2019. In 2022, the limited-service Hotel recorded a $40.58 RevPAR, 57.9 Percent Occupancy, and $70.15 Daily Rates. The Hotel ranks first out of four in the STR-defined competitive set with a 113 percent RevPAR penetration index. There is potential for this upper-midscale Hotel to continue to lead the competitive set through the implementation of revenue management strategies.

Exclusively Listed By

Financing By

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