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Hotel-Motel

Holiday Inn & Suites Houston West - Westway Park

4606 Westway Park Blvd, Houston, TX 77041

Listing Price: $8,500,000

Number of Rooms
113
RevPAR
$45
Gross SF
88,732
Price/Room
$75,221
Price/Gross SF
$95.79
Year Built
2010

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn & Suites Houston West - Westway Park in northwest Houston, Texas. The Hotel is a five-story building sitting on 2.04 acres and consists of 113 interior corridor guest rooms. Amenities include Legend's Bar & Grill, heated indoor pool and spa, fitness center, and outdoor patio with seating. Business amenities include a business center and 3,168 square feet of meeting space.

The property is ideally located 15 minutes northwest of Downtown Houston and a short drive to George Bush Intercontinental Airport (IAH), the eighth-busiest airport in North America. 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 Seismique, Houston Arboretum, Waterwall Park, Downtown Aquarium, 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 Holiday Inn & Suites Houston West - Westway Park represents the opportunity to acquire a renovated IHG-branded hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes property stabilization and continued growth supported by the surrounding area property performances, increasing population and demand growth in the Houston region.

Investment Highlights

  • Five-Story, Interior Corridor, IHG-Branded Hotel
  • ±$200K in Recent Capital Improvements Since 2019
  • Short Drive to IAH Airport (46M+ Passengers in 2023 // 8th-Busiest Airport in North America)
  • Ideally Located off of Beltway 8, Just 15 Minutes from Downtown Houston
  • Area Attractions Include Sam Houston Race Park, Seismique, Houston Arboretum, Waterwall Park, Downtown Aquarium, White Oak Music Hall and 3 Professional Sporting Venues
  • Surrounded by Several Major Universities & Medical Centers

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Hotel-Motel

Holiday Inn & Suites Houston West - Westway Park

Listing Price: $8,500,000

Number of Rooms
113
RevPAR
$45
Gross SF
88,732
Price/Room
$75,221
Price/Gross SF
$95.79
Year Built
2010

Investment Highlights

  • Five-Story, Interior Corridor, IHG-Branded Hotel
  • ±$200K in Recent Capital Improvements Since 2019
  • Short Drive to IAH Airport (46M+ Passengers in 2023 // 8th-Busiest Airport in North America)
  • Ideally Located off of Beltway 8, Just 15 Minutes from Downtown Houston
  • Area Attractions Include Sam Houston Race Park, Seismique, Houston Arboretum, Waterwall Park, Downtown Aquarium, White Oak Music Hall and 3 Professional Sporting Venues
  • Surrounded by Several Major Universities & Medical Centers

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn & Suites Houston West - Westway Park in northwest Houston, Texas. The Hotel is a five-story building sitting on 2.04 acres and consists of 113 interior corridor guest rooms. Amenities include Legend's Bar & Grill, heated indoor pool and spa, fitness center, and outdoor patio with seating. Business amenities include a business center and 3,168 square feet of meeting space. The property is ideally located 15 minutes northwest of Downtown Houston and a short drive to George Bush Intercontinental Airport (IAH), the eighth-busiest airport in North America. 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 Seismique, Houston Arboretum, Waterwall Park, Downtown Aquarium, 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 Holiday Inn & Suites Houston West - Westway Park represents the opportunity to acquire a renovated IHG-branded hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes property stabilization and continued growth supported by the surrounding area property performances, increasing population and demand growth in the Houston region.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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