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Hotel-Motel

Best Western Houston Bush Intercontinental Airport Inn

18032 McKay Dr, Humble, TX 77338

Listing Price: Request For Offer

Number of Rooms
52
RevPAR
$43
Year Built
2008

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 Best Western Houston Bush Intercontinental Airport Inn (‘Hotel’ or ‘Property’). The Best Western-affiliated Hotel is offered on a "call for offers" basis. Please reach out to the listing agent for more information. The Best Western Houston Bush Intercontinental Airport Inn is located at 18032 McKay Dr in Humble, Texas, just off Interstate 69. The 52-room, three-story building was constructed in 2008 and renovated in October of 2020. The Property maintains a variety of common area amenities including a fitness center, breakfast area, laundry facility, electric car charging station, meeting facilities, business center, and sundry shop. Located within the Houston metropolitan area, Humble began as a hub of commercial activity for the oil industry. An oil boomtown at the turn of the century, the city became the largest producing oilfield by 1905 and home to the Humble Oil and Refining Company, a predecessor of Exxon. Humble’s economy largely relies on the petroleum industry, but other industries that employ significant portions of the population include transportation, warehousing, retail trade, health care, and food services. In addition to the city’s strong, diverse economy, many local attractions grab the attention of tourists to the area. Many golf courses and parks are scattered throughout the region, with the most notable being Cypresswood Golf Club and Tour 18 Golf Course. Additionally, the Shell Houston Open is an annual PGA Tour event played a week before the Masters Tournament at Golf Club of Houston and is in an unincorporated area near Humble. For those looking to take in the natural beauty that the city of Humble offers, visitors can tour the Mercer Arboretum and Botanic Gardens or Old MacDonald’s Farm. Another way to enjoy the outdoors, Humble boasts a wide variety of parks, the most popular of which include Hirsch Memorial, Uptown, Schott, and Timberwood Parks. Two recreational sports complexes are in the city: Humble SportsPlex and Lindsay/Lyons Park. Humble Sportsplex is a popular place for visitors to enjoy foot golf and disc golf while the Lindsay/Lyons Park and Sports Complex maintains baseball and soccer facilities as well as a playground and picnic areas. Lastly, the Charles Bender Performing Arts Center is a thriving theater located in downtown Humble. Recently renovated in 2015, the theater is a popular for venue for a wide variety of performance needs. In the trailing twelve-month period ending in August 2022, room revenues exceeded $824 thousand while maintaining a net operating income over $266 thousand, or 30.5 percent of gross revenues, after a three percent capital replacement reserve. The Hotel is ideally positioned within the market, outperforming the STR-define competitive set with 144 percent RevPAR Penetration Index. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR, not only benefiting from increased market share but also higher NOI flow-through.

Investment Highlights

  • Three-Story, 52-Room, Best Western-Affiliated Hotel Renovated October 2020
  • Highly Visible and Easily Accessible from Interstate 69
  • Property Located Roughly 5 Minutes from George Bush Intercontinental Airport
  • Surrounded by a Variety of Nationally Acclaimed Retailers, Restaurants, and Entertainment Amenities
  • TTM August 2022 Exceeded $824 Thousand in Room Revenue and $266 Thousand in Net Operating Income

Exclusively Listed By

Financing By

Hotel-Motel

Best Western Houston Bush Intercontinental Airport Inn

Listing Price: Request For Offer

Number of Rooms
52
RevPAR
$43
Year Built
2008

Investment Highlights

  • Three-Story, 52-Room, Best Western-Affiliated Hotel Renovated October 2020
  • Highly Visible and Easily Accessible from Interstate 69
  • Property Located Roughly 5 Minutes from George Bush Intercontinental Airport
  • Surrounded by a Variety of Nationally Acclaimed Retailers, Restaurants, and Entertainment Amenities
  • TTM August 2022 Exceeded $824 Thousand in Room Revenue and $266 Thousand in Net Operating Income

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 Best Western Houston Bush Intercontinental Airport Inn (‘Hotel’ or ‘Property’). The Best Western-affiliated Hotel is offered on a "call for offers" basis. Please reach out to the listing agent for more information. The Best Western Houston Bush Intercontinental Airport Inn is located at 18032 McKay Dr in Humble, Texas, just off Interstate 69. The 52-room, three-story building was constructed in 2008 and renovated in October of 2020. The Property maintains a variety of common area amenities including a fitness center, breakfast area, laundry facility, electric car charging station, meeting facilities, business center, and sundry shop. Located within the Houston metropolitan area, Humble began as a hub of commercial activity for the oil industry. An oil boomtown at the turn of the century, the city became the largest producing oilfield by 1905 and home to the Humble Oil and Refining Company, a predecessor of Exxon. Humble’s economy largely relies on the petroleum industry, but other industries that employ significant portions of the population include transportation, warehousing, retail trade, health care, and food services. In addition to the city’s strong, diverse economy, many local attractions grab the attention of tourists to the area. Many golf courses and parks are scattered throughout the region, with the most notable being Cypresswood Golf Club and Tour 18 Golf Course. Additionally, the Shell Houston Open is an annual PGA Tour event played a week before the Masters Tournament at Golf Club of Houston and is in an unincorporated area near Humble. For those looking to take in the natural beauty that the city of Humble offers, visitors can tour the Mercer Arboretum and Botanic Gardens or Old MacDonald’s Farm. Another way to enjoy the outdoors, Humble boasts a wide variety of parks, the most popular of which include Hirsch Memorial, Uptown, Schott, and Timberwood Parks. Two recreational sports complexes are in the city: Humble SportsPlex and Lindsay/Lyons Park. Humble Sportsplex is a popular place for visitors to enjoy foot golf and disc golf while the Lindsay/Lyons Park and Sports Complex maintains baseball and soccer facilities as well as a playground and picnic areas. Lastly, the Charles Bender Performing Arts Center is a thriving theater located in downtown Humble. Recently renovated in 2015, the theater is a popular for venue for a wide variety of performance needs. In the trailing twelve-month period ending in August 2022, room revenues exceeded $824 thousand while maintaining a net operating income over $266 thousand, or 30.5 percent of gross revenues, after a three percent capital replacement reserve. The Hotel is ideally positioned within the market, outperforming the STR-define competitive set with 144 percent RevPAR Penetration Index. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR, not only benefiting from increased market share but also higher NOI flow-through.

Exclusively Listed By

Financing By

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