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Hotel-Motel

WoodSpring Suites South Houston Hobby

11160 Gulf Fwy, Houston, TX 77075

Listing Price: Request For Offer

Number of Rooms
90
RevPAR
$44
Year Built
2024

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors WoodSpring Suites South Houston Hobby (‘Hotel’ or ‘Property’) located in Houston, Texas. The Choice Hotels-branded hotel is offered on a “call for offers” basis. Please reach out to the listing agent for more information.

The WoodSpring Suites South Houston Hobby is a 90-room, four-story Hotel stationed at 11160 Gulf Freeway in Houston, Texas, just off Interstate 45 which averages nearly 156,000 vehicles per day.
Currently under construction, the Hotel is slated to be completed in the first quarter of 2024. The Hotel’s guest rooms, all suites, will feature a full-sized kitchen with a two-burner cooktop, microwave, and full-sized refrigerator with a freezer. Various common area amenities at the Property will include a fitness center and guest laundry facility.

Houston, Texas, is a vibrant and diverse city renowned for its rich cultural tapestry, thriving economy, and array of attractions. The city boasts world-class museums, including the Museum of Fine Arts and the Houston Museum of Natural Science, offering art, history, and science exhibits. Visitors can explore Space Center Houston, NASA's official visitor center, or stroll through the picturesque Hermann Park, home to the Houston Zoo and the Miller Outdoor Theatre. Houston is also home to the Downtown Aquarium, an immersive entertainment complex featuring marine exhibits, rides, and dining options, offering visitors a fascinating underwater experience in the heart of the city. Houston Botanic Garden, a serene oasis showcasing diverse plant collections, tranquil landscapes, and educational programs, captivates visitors with its natural beauty and is located only 5 miles from the Hotel. The city's culinary scene is diverse, with a multitude of restaurants serving international cuisines. Houston's theater district offers entertainment options, including ballet, opera, and theater performances. Additionally, the city hosts various festivals and events, such as the Houston Livestock Show and Rodeo, attracting visitors throughout the year. Business and leisure visitors can travel through two regional international airports: The George Bush Intercontinental Airport and Hobby Airport, which saw a record 60.1 million international and domestic passengers in 2023.

The expansive metropolitan area is known for its thriving industrial sector with companies and industrial complexes dispersed throughout the region. The energy corridor in West Houston contains over 26 million square feet of office space and houses headquarters and regional offices for energy companies such as BP America, Shell Oil, McDermott International, Worley Parsons, and CITGO Petroleum. The area boasts an employment capacity of over 105,000 and is bordered by over 26,000 acres of urban park area, including George Bush Park and Bear Creek Pioneers Park. Additionally, room night generators such as Houston Methodist West Hospital and TopGolf are located nearby the Hotel.

Investment Highlights

  • Three-Story, 90-Room, Choice Hotels-Branded Hotel Expected to Complete Construction in Q1 2024
  • Located 3.6 Miles from William P. Hobby Airport and 31.8 Miles from George Bush Intercontinental Airport Which Saw a Record 60.1 Million International and Domestic Passengers in 2023
  • Situated Under 3 Miles from Almeda Mall, 5 Miles from Houston Botanic Garden, and Surrounded by Nationally Acclaimed Retailers
  • Projected Year 1 RevPAR Penetration Index of 149 percent and Expecting to Reach 195 Percent by Year 3
  • Twelve-Month RevPAR for Houston Hobby Airport/NASA Hotel Submarket Up 9.5 Percent
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt

Exclusively Listed By

Financing By

Hotel-Motel

WoodSpring Suites South Houston Hobby

Listing Price: Request For Offer

Number of Rooms
90
RevPAR
$44
Year Built
2024

Investment Highlights

  • Three-Story, 90-Room, Choice Hotels-Branded Hotel Expected to Complete Construction in Q1 2024
  • Located 3.6 Miles from William P. Hobby Airport and 31.8 Miles from George Bush Intercontinental Airport Which Saw a Record 60.1 Million International and Domestic Passengers in 2023
  • Situated Under 3 Miles from Almeda Mall, 5 Miles from Houston Botanic Garden, and Surrounded by Nationally Acclaimed Retailers
  • Projected Year 1 RevPAR Penetration Index of 149 percent and Expecting to Reach 195 Percent by Year 3
  • Twelve-Month RevPAR for Houston Hobby Airport/NASA Hotel Submarket Up 9.5 Percent
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors WoodSpring Suites South Houston Hobby (‘Hotel’ or ‘Property’) located in Houston, Texas. The Choice Hotels-branded hotel is offered on a “call for offers” basis. Please reach out to the listing agent for more information. The WoodSpring Suites South Houston Hobby is a 90-room, four-story Hotel stationed at 11160 Gulf Freeway in Houston, Texas, just off Interstate 45 which averages nearly 156,000 vehicles per day. Currently under construction, the Hotel is slated to be completed in the first quarter of 2024. The Hotel’s guest rooms, all suites, will feature a full-sized kitchen with a two-burner cooktop, microwave, and full-sized refrigerator with a freezer. Various common area amenities at the Property will include a fitness center and guest laundry facility. Houston, Texas, is a vibrant and diverse city renowned for its rich cultural tapestry, thriving economy, and array of attractions. The city boasts world-class museums, including the Museum of Fine Arts and the Houston Museum of Natural Science, offering art, history, and science exhibits. Visitors can explore Space Center Houston, NASA's official visitor center, or stroll through the picturesque Hermann Park, home to the Houston Zoo and the Miller Outdoor Theatre. Houston is also home to the Downtown Aquarium, an immersive entertainment complex featuring marine exhibits, rides, and dining options, offering visitors a fascinating underwater experience in the heart of the city. Houston Botanic Garden, a serene oasis showcasing diverse plant collections, tranquil landscapes, and educational programs, captivates visitors with its natural beauty and is located only 5 miles from the Hotel. The city's culinary scene is diverse, with a multitude of restaurants serving international cuisines. Houston's theater district offers entertainment options, including ballet, opera, and theater performances. Additionally, the city hosts various festivals and events, such as the Houston Livestock Show and Rodeo, attracting visitors throughout the year. Business and leisure visitors can travel through two regional international airports: The George Bush Intercontinental Airport and Hobby Airport, which saw a record 60.1 million international and domestic passengers in 2023. The expansive metropolitan area is known for its thriving industrial sector with companies and industrial complexes dispersed throughout the region. The energy corridor in West Houston contains over 26 million square feet of office space and houses headquarters and regional offices for energy companies such as BP America, Shell Oil, McDermott International, Worley Parsons, and CITGO Petroleum. The area boasts an employment capacity of over 105,000 and is bordered by over 26,000 acres of urban park area, including George Bush Park and Bear Creek Pioneers Park. Additionally, room night generators such as Houston Methodist West Hospital and TopGolf are located nearby the Hotel.

Exclusively Listed By

Financing By

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