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Hotel-Motel

Motel 6 Brookhollow - Houston

5555 West 34th Street, Houston, TX 77092

Listing Price: $5,200,000

Cap Rate
7.41%
Number of Rooms
115
Price/Room
$45,217
Year Built
1984

Investment Overview

Marcus & Millichap's National Hospitality Group, as the exclusive representative of the seller, is pleased to present for sale to qualified investors the Motel 6 Houston - Brookhollow. The G6-branded hotel is offered at $5,200,000 or $45,217 per key and sits on 1.06 acres within the second largest MSA in Texas, the Houston-Woodlands-Sugar Land metropolitan statistical area. This three-story, 115-room hotel presents a new investor the chance to acquire this opportunistic asset within a major metropolitan statistical area. This hospitality asset is poised to take advantage of business and leisure travel with access to George Bush Intercontinental Airport and the Houston Hobby Airport, as well as both Houston Uptown Park and Houston Galleria located six miles from the hotel. Operationally, the hotel has achieved $1,100,921 of room revenue in 2020, resulting in a net operating income of approximately 34.2 percent of total revenues, this translates to about $376,521 before debt services. Compared to the market comp set, the hotel has surpassed competition shown by its 118 percent RevPar penetration; offering a hands-on-owner-operator the ability to implement better revenue management and decrease expenses to become the leader in the market. Current expenses include provisions for a four percent capital replacement reserve. The hotel is offered fee simple, unencumbered by a management contract or debt.

Investment Highlights

  • Priced Below Replacement Cost at $45,217 Per Key
  • 115-Room, Exterior Corridor, Economy Hotel Built in 1984
  • Positive Cash Flows Shown by the NOI of 34.2% of Total Revenues
  • Multiple Key Demand Drivers Located Near the Property
  • Unencumbered by Management Contract or Debt

Exclusively Listed By

Hotel-Motel

Motel 6 Brookhollow - Houston

Listing Price: $5,200,000

Cap Rate
7.41%
Number of Rooms
115
Price/Room
$45,217
Year Built
1984

Investment Highlights

  • Priced Below Replacement Cost at $45,217 Per Key
  • 115-Room, Exterior Corridor, Economy Hotel Built in 1984
  • Positive Cash Flows Shown by the NOI of 34.2% of Total Revenues
  • Multiple Key Demand Drivers Located Near the Property
  • Unencumbered by Management Contract or Debt

Investment Overview

Marcus & Millichap's National Hospitality Group, as the exclusive representative of the seller, is pleased to present for sale to qualified investors the Motel 6 Houston - Brookhollow. The G6-branded hotel is offered at $5,200,000 or $45,217 per key and sits on 1.06 acres within the second largest MSA in Texas, the Houston-Woodlands-Sugar Land metropolitan statistical area. This three-story, 115-room hotel presents a new investor the chance to acquire this opportunistic asset within a major metropolitan statistical area. This hospitality asset is poised to take advantage of business and leisure travel with access to George Bush Intercontinental Airport and the Houston Hobby Airport, as well as both Houston Uptown Park and Houston Galleria located six miles from the hotel. Operationally, the hotel has achieved $1,100,921 of room revenue in 2020, resulting in a net operating income of approximately 34.2 percent of total revenues, this translates to about $376,521 before debt services. Compared to the market comp set, the hotel has surpassed competition shown by its 118 percent RevPar penetration; offering a hands-on-owner-operator the ability to implement better revenue management and decrease expenses to become the leader in the market. Current expenses include provisions for a four percent capital replacement reserve. The hotel is offered fee simple, unencumbered by a management contract or debt.

Exclusively Listed By

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