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Hotel-Motel

Motel 6 Westchase

2900 W Sam Houston Pkwy S, Houston, TX 77042

Listing Price: Request For Offer

Number of Rooms
121
RevPAR
$26
Year Built
1996

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 Motel 6 Westchase, stationed at 2900 West Sam Houston Parkway, at the busy intersection of Westheimer Road and Beltway 8 in Houston, Texas (‘Hotel’ or ‘Property’). The G6 Hospitality-branded Hotel will be offered on a call for offers basis; for more information, contact the listing agent. The Motel 6 Westchase is a 121-room, Hotel that was recently converted into a Motel 6 and is located in the heart of Westchase, an area with highly coveted land that sells at a premium in comparison to other areas. This Hotel features an outdoor pool, vending machines, and guest laundry facilities. Spacious guest rooms offer a flat-screen television, a work desk, microwave, and mini-refrigerator. Due to recently completing a full Gemini package PIP and the property opening as an M6, there is no PIP for the property. Westchase is a business district and neighborhood in western Houston, Texas. The district is bounded by Westheimer Road on the north, Gesner Road on the east, Houston Central Boulevard on the west, and Westpark Tollway on the south. With more than 1,500 businesses in the vicinity, the Hotel benefits from many key industries of the city. The region’s economy is mostly backed by the petroleum industry. Major employers that have offices in Westchase include ABB Group (0.7 miles), BMC Software (2.2 miles), Chevron (1.6 miles), Phillips 66 (0.9 miles), PetroChina (2.0 miles), and Jacobs Engineering (1.8 miles). Other demand generators include Houston Westchase Heliport (1.6 miles), Norris Conference Center (1.1 miles), Memorial Hermann Hospital (6.6 miles), Texas Medical Center (13.0 miles), Baylor College of Medicine (13.0 miles), Houston Galleria Mall (6.8 miles), the Houston Zoo (13.7 miles), Toyota Center Arena (15.4 miles), Minute Maid Park (15.9 miles), and the University of Houston (17.7 miles). The Property’s estimated year three revenue projections reach $1.68 million, coupled with a potential net operating income of $621.5 thousand, after a 3 percent management fee. These projections are estimated assuming an experienced hotelier can capitalize on the ideal location of the Hotel and increase occupancy and daily rates, as well as optimize operational expenses to achieve operating income as underwritten.

Investment Highlights

  • Recently Renovated Three-Story, 121-Room, G6 Hospitality Branded Hotel
  • Expected to Trade Below Replacement Cost
  • High Visibility and Easy Access from Westheimer Road and Beltway 8 (West Sam Houston Tollway)
  • Strategic Location in Westchase-Houston near Over 1,500 Businesses and Multiple Leisure Demand Drivers
  • Potential Value-Add Opportunity for an Experienced Owner-Operator due to Recent Elevated Demand for G6 Economy Branded Hotels

Exclusively Listed By

Hotel-Motel

Motel 6 Westchase

Listing Price: Request For Offer

Number of Rooms
121
RevPAR
$26
Year Built
1996

Investment Highlights

  • Recently Renovated Three-Story, 121-Room, G6 Hospitality Branded Hotel
  • Expected to Trade Below Replacement Cost
  • High Visibility and Easy Access from Westheimer Road and Beltway 8 (West Sam Houston Tollway)
  • Strategic Location in Westchase-Houston near Over 1,500 Businesses and Multiple Leisure Demand Drivers
  • Potential Value-Add Opportunity for an Experienced Owner-Operator due to Recent Elevated Demand for G6 Economy Branded Hotels

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 Motel 6 Westchase, stationed at 2900 West Sam Houston Parkway, at the busy intersection of Westheimer Road and Beltway 8 in Houston, Texas (‘Hotel’ or ‘Property’). The G6 Hospitality-branded Hotel will be offered on a call for offers basis; for more information, contact the listing agent. The Motel 6 Westchase is a 121-room, Hotel that was recently converted into a Motel 6 and is located in the heart of Westchase, an area with highly coveted land that sells at a premium in comparison to other areas. This Hotel features an outdoor pool, vending machines, and guest laundry facilities. Spacious guest rooms offer a flat-screen television, a work desk, microwave, and mini-refrigerator. Due to recently completing a full Gemini package PIP and the property opening as an M6, there is no PIP for the property. Westchase is a business district and neighborhood in western Houston, Texas. The district is bounded by Westheimer Road on the north, Gesner Road on the east, Houston Central Boulevard on the west, and Westpark Tollway on the south. With more than 1,500 businesses in the vicinity, the Hotel benefits from many key industries of the city. The region’s economy is mostly backed by the petroleum industry. Major employers that have offices in Westchase include ABB Group (0.7 miles), BMC Software (2.2 miles), Chevron (1.6 miles), Phillips 66 (0.9 miles), PetroChina (2.0 miles), and Jacobs Engineering (1.8 miles). Other demand generators include Houston Westchase Heliport (1.6 miles), Norris Conference Center (1.1 miles), Memorial Hermann Hospital (6.6 miles), Texas Medical Center (13.0 miles), Baylor College of Medicine (13.0 miles), Houston Galleria Mall (6.8 miles), the Houston Zoo (13.7 miles), Toyota Center Arena (15.4 miles), Minute Maid Park (15.9 miles), and the University of Houston (17.7 miles). The Property’s estimated year three revenue projections reach $1.68 million, coupled with a potential net operating income of $621.5 thousand, after a 3 percent management fee. These projections are estimated assuming an experienced hotelier can capitalize on the ideal location of the Hotel and increase occupancy and daily rates, as well as optimize operational expenses to achieve operating income as underwritten.

Exclusively Listed By

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