The Howard Johnson by Wyndham – Houston Hobby Airport represents a unique opportunity to acquire a well-established select-service hotel in a high-demand market. Located just minutes from Houston Hobby Airport, the property benefits from robust year-round demand driven by business travelers, airline personnel, and leisure guests. With strong historical performance and significant upside potential, this offering presents an attractive investment opportunity in one of Houston’s most active submarkets.
The property is well-positioned for continued success, with stable cash flow and multiple value-add opportunities, including operational enhancements and strategic marketing efforts.
Investment Highlights
1. Exceptional Location – Minutes from Houston Hobby Airport
2 miles from Houston Hobby Airport, the second busiest airport in Texas, serving over 14 million passengers annually.
Easy access to I-45 (Gulf Freeway) and Sam Houston Tollway (Beltway 8), providing connectivity to downtown Houston and major corporate hubs.
Close proximity to high-demand business, industrial, and tourism centers, including NRG Stadium, Port of Houston, University of Houston, and Texas Medical Center.
2. Strong Operating Performance
Proven track record of consistent revenue generation and profitability.
2024 Performance Highlights
Room Revenue: $762,000
Occupancy: 71%
Average Daily Rate (ADR): $57
Revenue per Available Room (RevPAR): $40
In 2023, the property achieved $496,000 in room revenue, with a RevPAR of $31, representing a 53% year-over-year increase in total room revenue. This substantial growth is a testament to the hotel’s improving performance and the strength of the underlying demand in the Houston Hobby Airport market.
Upside Potential
By capturing a larger share of the market and narrowing the gap with competitors, the Howard Johnson at Houston Hobby Airport has the potential to significantly increase its RevPAR and room revenue in the coming years. Even modest improvements in RevPAR performance could translate into a substantial boost to the bottom line.
For example, increasing the RevPAR index from 70% to 90% in line with market averages would represent an additional $160,000+ in annual room revenue, based on current market conditions.
Market Overview
Houston is one of the most dynamic and resilient markets in the United States, with a diverse economy anchored by the energy, aerospace, healthcare, and shipping industries. The Houston Hobby Airport submarket benefits from a combination of corporate travel demand, industrial growth, and proximity to key leisure destinations, including Kemah Boardwalk, Galveston Island, and Houston’s Museum District.
Houston Hobby Airport serves as a major transportation hub for both business and leisure travel. With recent expansions and increased airline traffic, the demand for nearby accommodations has remained strong, supporting consistent occupancy growth and ADR increases across the submarket.
Conclusion: Exceptional Investment Opportunity
The Howard Johnson by Wyndham – Houston Hobby Airport is an outstanding investment for buyers seeking a cash-flowing hotel asset in a growing market. Its proximity to Houston Hobby Airport, strong operating history, and affiliation with Wyndham create a compelling case for acquisition. With significant upside potential and multiple value-add opportunities, this offering is ideally positioned to capitalize on the sustained growth of the Houston market.
Don’t miss this chance to acquire a proven performer in one of the most vibrant submarkets in Texas.