Mazili Hotel Group is pleased to offer qualified investors the fee-simple interest in the premium branded Hyatt Place Houston North. The Hyatt Place is an excellent Investment opportunity in a fast-growing Houston Texas market. The hotel within easy access of the airport, near major businesses in North Houston and The Woodlands and close to family fun and Houston culture.
The asset is cuurently undergoing renoavation according to the franchisor's property improvement plan. The ownershership will complete renovation of all 126 rooms including soft goods, florring, lighting and bathroom fixtures. The exterior has been painted. New owners will have the lobby and public area to finish within a 12 month period upon obtaing a new franchise license with Hyatt.
Property Overview
The asset was built in 1996. It features 126 rooms with furnished outdoor patio and pool, Hyatt Place Houston-North is located minutes away from Bush Intercontinental Airport in Houston with free WiFi access. A large, flat-screen cable TV is provided in each room decorated in clean, neutral colors. A desk and sofa are also included. The private bathroom come equipped with a hairdryer and free toiletries. A concierge service and 24-hour desk are offered at the Hyatt Place Houston-North. A business center and a fitness center are also provided. The hotel is 12 mi from Houston Arboretum and Nature Center, 12 mi from Memorial Park and 12 mi from Downtown Aquarium. George Bush Houston Airport is 4.3 mi away.
Hyatt Hotel Corporation Affiliation:
Hyatt Place brand is one of the strongest brands in Hyatt Hotels. Hyatt Hotel Corporation is a worldwide hospitality company that oversees over a dozen brands. Overall, Hyatt’s portfolio contains over 800 properties in more than 50 countries across the globe. Hyatt’s major strategic push in recent years has been toward an “asset light” approach of franchising or managing hotels rather than owning the buildings and underlying real estate directly. This means that Hyatt’s success is increasingly dependent on its ability to effectively support its local franchisees and hotel developers through an advanced technology suite, differentiated customer loyalty program, strong brand recognition, and pricing power in working with booking partners as well as in the sourcing of food and beverage supplies.
Management and Debt:
The Asset is being offered unencumbered of current management and debt.
Excellent Location
Hyatt Place Houston-North is located in Northside, a neighborhood in Houston with good airport proximity. Greenspoint Mall and Willowbrook Mall are worth checking out if shopping is on the agenda, while those wishing to experience the area's popular attractions can visit Houston Grand Prix and Hurricane Harbor Splashtown. Check out an event or a game at Toyota Center, and consider making time for Downtown Aquarium, a top attraction not to be missed.
