Marriott Delta Conversion Opportunity

  • 111-room, four story Holiday Inn built in 2010
  • Marriott Delta Flag Available on completion of a PIP (contact broker for more details)
  • Substantially underperforming with trailing 12 month RevPAR at $51 compared to approximately $94 for the nearest Marriott Courtyard, which is less than 1 mile away
  • Operated using third party management
  • Minutes from Downtown, Fiesta Texas, San Antonio International Airport and South Texas Medical Center

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Former Baymont Inn & Suites IAH Airport

  • Opportunity to purchase a Former Baymont Inn IAH is located in proper Houston, TX. The Hotel is on Beltway 8 between Interstate 45 and the Hardy Toll Rd.
  • The Hotel is currently closed and un-branded. There are several potential franchise relicensing opportunities including Baymont Inn, Red Roof Inn or Econo Lodge. Please contact broker for details.
  • Priced below replacement cost at $22,930 per room.
  • The Hotel is located minutes from George Bush Intercontinental Airport. George Bush Intercontinental Airport served 43,023,224 passengers in 2015, making the airport the tenth busiest for total passengers in North America.
  • The Hotel is a close distance from multiple demand generators including a 971 Acre Pinto Business Park with Access to I-45, Beltway 8, and West Road. The industrial park will accommodate 7,000,000 square feet of build-to-suit light manufacturing and corporate campus space. The Pinto Business Park is home to a new construction 855,000 square-foot Amazon warehouse. Coco-cola is also moving their facility to the Pinto Business Park.

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Quality Inn DFW Airport North

  • Opportunity. Unique opportunity to acquire a stabilized Choice hotel in the highly desired Irving submarket, a principal city located minutes from Dallas/Fort Worth International Airport, the 3rd busiest airport in the world.The market displays high occupancy and increasing RevPAR as air traffic through DFW Airport continues to grow to over 65 million passengers per year.Irving has also placed tight restrictions on new hotel construction – particularly in the limited service segment, making it a high barrier to entry market.
  • Stabilized Revenue. The property has displayed consistent revenue growth during the last three years and has now stabilized to an April Trailing Twelve Months revenue of $2,554,464.
  • Powerful Economic Base. A diverse economic base with over 8,500 local and multinational companies, Irving boasts one of the strongest economies in the entire State of Texas. 50 of the Fortune 500 Companies are located in the city - five of which are headquartered in Irving (ExxonMobil, Celanese, Commercial Metals, Fluor and Kimberly-Clark) Its proximity to Dallas-Fort Worth International Airport, the 3rd-busiest airport in the world, gives it a competitive advantage over other cities in attracting major corporations. DFW offers nearly 1,850 flights per day.

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Quality Inn Conversion DFW

  • High Barrier-to-Entry. Unique opportunity to acquire a stabilized Choice hotel in the highly desired Irving submarket, a principal city located in the heart of the Dallas-Fort Worth Metroplex. The strength of the market is its high-to-barrier to entry location. Through multiple city ordinances, the city has placed several restrictions on new hotel construction - particularly in the limited-service segment.
  • Consistent Room Revenue Trend. The property has displayed consistent revenue growth during the last three years with an average revenue increase of approximately 7% per year. This consistency can be attributed to its prime location just three miles from DFW International Airport.
  • Powerful Economic Base. A diverse economic base with over 8,500 local and multinational companies, Irving boasts one of the strongest economies in the entire State of Texas. 50 Fortune 500 Companies are located in the city - five of which are headquartered in Irving (ExxonMobil, Celanese, Commercial Metals, Fluor and Kimberly-Clark).

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Candlewood Suites

  • Location. The Property is strategically located on FM 1960 and Highway 249, providing guests with ease of access to Willowbrook Mall, Houston Methodist Willowbrook Hospital, several energy companies and various restaurants.
  • Below Replacement Cost Opportunity. Based on pricing guidance, the Hotel can be acquired for below replacement cost. This presents an excellent opportunity to purchase an IHG branded hotel for less than the cost of construction without having to wait for the Property to be built. After completing the change of ownership PIP, an investor will have a newly renovated product and have the ability to increase room rates and continue to outperform the competitive set in the market.
  • Significant Management Upside. Current operations at the Hotel show a low cash-flow with the actual February 2017 trailing twelve months net operating income of $435,909, which is 28% of gross revenue. Most efficiently operated Candlewood Suites hotels can be operated at 35-40% net operating income margin, showing upside for an aggressive operator. Furthermore, looking at the Feb 2017 monthly STR report, the hotel is operating at a 99.3% RevPAR penetration index on the trailing twelve months. Three out of the four hotels in the competitive set are inferior brands, yet the Candlewood is performing at market with them. Given the superior IHG brand, the hotel should be able to significantly out-perform the competitive set.
  • Houston Willowbrook. The Willowbrook market has several major shopping and dining options, making this an ideal location for both business and leisure travelers, located only 20 minutes from George Bush Intercontinental Airport and 30 minutes from Downtown Houston. For the leisure traveler, the Property is located in close proximity to the following demand generators: Aerodome Ice Skating (0.8 mile), IT’Z Family Fun Center (1.1 mile), Willowbrook Mall (1.2 mile), Champions Golf Club (3 miles), Sam Houston Race Park (3.4 miles) and Raveneaux Country Club (4.2 miles).

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Listings

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For details on hotels currently offerred for sale by us,
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YB Intel

YB Intel
Data for Decisions: Texas Hotel Revenues and REVPAR Statistics – Visualize Trends by Hotel, City, Zip Code and Franchise.

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