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.