Amin Realty, Inc as the exclusive advisor to ownership is excited to present for the sale the fee simple interest in the 100-Key Holiday Inn NW Houston- Beltway 8.
The property presents an huge value add opportunity for an experienced hotelier via operations.
The property is underperforming its RevPar index by more than 20% which equates to almost $400,000 in unrealized top line revenue. Current RevPar (Oct STR) is $49.70, while the Comp Set sits at $63.30 which only equates to a ~78% market penetration index.
Simultaneously, new ownership can implement several cost saving initiatives at the property level. Current GOP% is a low 21% of top line revenues. Comparable properties operate at a 40-45% GOP %.
Comparable properties operate between a 30-35% NOI margin. Current NOI is just under $300k which equates to less than 15% of top line revenue.
Minimal to no PIP expected
The property was opened in June of 2020 as an H4 Prototype. New ownership can expect minimal PIP from IHG.
Major Area Employers
ExxonMobil (Approx. 8 miles)
The ExxonMobil Houston campus, located near the intersection of I-45 and the Beltway, is one of the largest corporate campuses in the city. It serves as a major hub for the global energy giant's operations.
HP Inc. (Approx. 7 miles)
Hewlett-Packard has a significant presence in northwest Houston, with a large facility in the area. The company is involved in a range of technology products, including personal computers, printers, and related services.
Schlumberger (Approx. 9 miles)
One of the world’s largest oilfield services companies, Schlumberger has several locations around Houston, including facilities in the northwest region.
National Oilwell Varco (NOV) (Approx. 7 miles)
NOV is a global leader in the design, manufacture, and sale of equipment and components for oil and gas drilling and production. Their headquarters is located along the Beltway in the nearby Energy Corridor.
Memorial Hermann Health System (Approx. 8 miles)
The Memorial Hermann hospital system operates numerous facilities in the northwest Houston area, including Memorial Hermann Greater Heights and Memorial Hermann Cypress. The health sector is a major employer in the region.
