Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Staybridge Suites Houston IAH Beltway 8, a four-story extended stay hotel located in northern Houston. The hotel's 90 guest rooms include a flat-screen TV, work desk, and fully equipped kitchen. Hotel amenities include a heated outdoor pool, outdoor space with firepit & grilling area, meeting space, business center, fitness center and complimentary breakfast. The property is ideally located 20 minutes north of Downtown Houston and only 3 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 Staybridge Suites Houston IAH Beltway 8 represents the opportunity to acquire an IHG-branded hotel in a desirable market near several demand drivers. Our analysis assumes conservative operational efficiencies, then continued modest growth supported by the increasing population and demand growth in the Houston region.