Priced under 4x RRM and an 8.6% Cap Rate on 2024 income and expenses.
112-unit, four story, interior corridor, dual elevators, premium branded SpringHill Suites by Marriot.
Priced well under replacement cost at $108,036/room.
Located in Westchase, a thriving business district in Houston, TX with proximity to major corporate offices, energy companies, and technology firms.
Excellent accessibility via Westpark Tollway and Beltway 8, providing easy connectivity to: Houston energy corridor, the Galleria (Texas largest shopping center) and downtown Houston.
Potential for revenue growth with strategic renovation and brand repositioning.
Strong mix of corporate, extended stay, and leisure demand in high-growth submarket
Location Summary
The Westchase submarket is one of Houston’s key business districts, home to numerous corporate offices, energy companies, and technology firms. The hotel benefits from its prime location near major thoroughfares, including the Westpark Tollway and Beltway 8, providing seamless access to the Energy Corridor, Galleria, and Downtown Houston. The area’s strong mix of business and leisure demand drivers ensures a steady flow of corporate and extended-stay travelers.
