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Hotel-Motel

OYO Townhouse Houston Brookhollow

12439 Northwest Fwy, Houston, TX 77092

Listing Price: $3,450,000

Cap Rate
9.41%
Number of Rooms
62
RevPAR
$31
Price/Room
$55,645
RRM
4.91
Year Built
2001

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 OYO Townhouse Houston Brookhollow (‘Hotel’ or ‘Property’). The OYO-branded Hotel is offered at $3,450,000 or $55,645 per key. The Hotel was originally built as a Holiday Inn Express in 2001 and converted to a Quality Inn & Suites in 2014. Currently, the Hotel operates under the OYO flag and has potential to acquire multiple different franchises including Quality Suites, SureStay, SureStay Studios Extended Stay, Ramada, Baymont, Howard Johnson, Red Lion Inn and Suites, and Travelodge. The OYO Townhouse is a 62-room, three-story, interior-corridor Hotel built in 2001. Well-equipped with numerous common area and guest room amenities, this limited-service midscale Hotel offers spacious guest rooms that come furnished with a microwave, refrigerator, work desk, lounge chair, flat-screen television with premium channels. Some splendid common area amenities the Hotel has to offer consist of a fitness center, business center, conferencing space, a meeting room, and self-service laundry facilities. Houston, Texas is located in Harris County in the southeast region of the state, 90 miles west of Beaumont and 150 miles east of Austin. The Hotel is ideally positioned on Northwest Freeway, near Bingle Road and West 43rd Street. With the city’s major employers and popular revenue generators near the Property, this sought-after Hotel benefits from many key industries of the town which include healthcare & social assistance, construction, and retail trade. Schlumberger and Memorial Hermann Greater Heights Hospital, two of the city’s largest employers, located approximately 2.2 and 5.3 miles from the hotel respectively, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the work force include H-E-B Distribution Center (3.5 miles), Shell Oil Co (11.8 miles), Houston Methodist Hospital (13.4 miles), and the University of Texas MD Anderson Cancer Center (14.1 miles). Revenue generators in the area, like University of Houston (15.2 miles) and George Bush Intercontinental Airport (23.1 miles) help bring additional revenue to the hotel through an increase in transient business. Extra demand drivers for the city include the Downtown Aquarium (11.5 miles), Houston Museum of Natural Science (14.4 miles), Houston Zoo (16.9 miles), and William P. Hobby Airport (21.8 miles). In 2019, ownership completed several renovations at the Property that include installation of a new roof, fresh paint throughout the rooms as well as window treatment throughout the building. Although the Property has been incredibly well maintained, a new investor's strategic investment should increase contract, transient, and group bookings. Additionally, the Hotel has recorded a 32 percent RevPAR growth since 2019, presenting a new investor the chance to capitalize on an asset poised to increase market penetration.

Investment Highlights

  • 62-Room, Three-Story, Limited-Service Hotel Built in 2001
  • Priced Below Replacement Cost at $55,645 Per Key
  • Strategic Location Near Schlumberger and Memorial Hermann Greater Heights Hospital
  • Easily Accessible and Highly Visible from U.S. Highway 290
  • Potential to Acquire the Following Franchises: Quality Suites, SureStay, SureStay Studios Extended Stay, Ramada, Baymont, Howard Johnson, Red Lion Inn and Suites, and Travelodge
  • RevPAR Growth of 32 Percent Since 2019
  • Onsite Owner's Apartment with 2 Bedrooms and 1 Bathroom

Exclusively Listed By

Hotel-Motel

OYO Townhouse Houston Brookhollow

Listing Price: $3,450,000

Cap Rate
9.41%
Number of Rooms
62
RevPAR
$31
Price/Room
$55,645
RRM
4.91
Year Built
2001

Investment Highlights

  • 62-Room, Three-Story, Limited-Service Hotel Built in 2001
  • Priced Below Replacement Cost at $55,645 Per Key
  • Strategic Location Near Schlumberger and Memorial Hermann Greater Heights Hospital
  • Easily Accessible and Highly Visible from U.S. Highway 290
  • Potential to Acquire the Following Franchises: Quality Suites, SureStay, SureStay Studios Extended Stay, Ramada, Baymont, Howard Johnson, Red Lion Inn and Suites, and Travelodge
  • RevPAR Growth of 32 Percent Since 2019
  • Onsite Owner's Apartment with 2 Bedrooms and 1 Bathroom

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 OYO Townhouse Houston Brookhollow (‘Hotel’ or ‘Property’). The OYO-branded Hotel is offered at $3,450,000 or $55,645 per key. The Hotel was originally built as a Holiday Inn Express in 2001 and converted to a Quality Inn & Suites in 2014. Currently, the Hotel operates under the OYO flag and has potential to acquire multiple different franchises including Quality Suites, SureStay, SureStay Studios Extended Stay, Ramada, Baymont, Howard Johnson, Red Lion Inn and Suites, and Travelodge. The OYO Townhouse is a 62-room, three-story, interior-corridor Hotel built in 2001. Well-equipped with numerous common area and guest room amenities, this limited-service midscale Hotel offers spacious guest rooms that come furnished with a microwave, refrigerator, work desk, lounge chair, flat-screen television with premium channels. Some splendid common area amenities the Hotel has to offer consist of a fitness center, business center, conferencing space, a meeting room, and self-service laundry facilities. Houston, Texas is located in Harris County in the southeast region of the state, 90 miles west of Beaumont and 150 miles east of Austin. The Hotel is ideally positioned on Northwest Freeway, near Bingle Road and West 43rd Street. With the city’s major employers and popular revenue generators near the Property, this sought-after Hotel benefits from many key industries of the town which include healthcare & social assistance, construction, and retail trade. Schlumberger and Memorial Hermann Greater Heights Hospital, two of the city’s largest employers, located approximately 2.2 and 5.3 miles from the hotel respectively, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the work force include H-E-B Distribution Center (3.5 miles), Shell Oil Co (11.8 miles), Houston Methodist Hospital (13.4 miles), and the University of Texas MD Anderson Cancer Center (14.1 miles). Revenue generators in the area, like University of Houston (15.2 miles) and George Bush Intercontinental Airport (23.1 miles) help bring additional revenue to the hotel through an increase in transient business. Extra demand drivers for the city include the Downtown Aquarium (11.5 miles), Houston Museum of Natural Science (14.4 miles), Houston Zoo (16.9 miles), and William P. Hobby Airport (21.8 miles). In 2019, ownership completed several renovations at the Property that include installation of a new roof, fresh paint throughout the rooms as well as window treatment throughout the building. Although the Property has been incredibly well maintained, a new investor's strategic investment should increase contract, transient, and group bookings. Additionally, the Hotel has recorded a 32 percent RevPAR growth since 2019, presenting a new investor the chance to capitalize on an asset poised to increase market penetration.

Exclusively Listed By

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