La Quinta Inn & Suites Rosenberg

  • The La Quinta Inn & Suites is located on Interstate 69 in Rosenberg TX, Rosenberg is located within the Houston–The Woodlands–Sugar Land metropolitan area.
  • The Hotel is an interior corridor, three story, 56-room, limited-service hotel that was built in 2006.
  • The Hotel is being sold with an additional 0.73 acres of land next door to the Hotel with I-69 frontage road access. This site would be a perfect location for a restaurant. (Ask Broker for Details).
  • The Hotel’s trailing 12-Month October 2017 NOI is $591,112.
  • The Hotel’s trailing 12-Month October 2017 Room Revenue is $1,206,544.
  • Projected 2018 NOI is $738,311.
  • Projected 2018 Room Revenue is $1,593,132.

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Candlewood Suites Houston IAH Airport

  • Below Replacement Cost Investment Opportunity. Based on current pricing guidance, the Hotel can be acquired significantly below replacement cost giving an investor a good basis. As the Houston market recovers, an investor will be able to capitalize on the appreciation. The change of ownership PIP is estimated to cost $1,500,000 or $13,043 per room in order to bring the Hotel up to current brand standards. When factoring this cost into the investment, an investor will still have a below replacement cost basis.
  • Underperforming Asset. Surveying the other extended-stay competitive hotels in the local market (see Lodging Market Overview), they are currently operating at an average RevPAR of $58.86 as of TTM July 2017. When compared to these specific competitive hotels, the Property is operating at an 52.1% RevPAR penetration index, showing significant upside for an investor who can implement an aggressive marketing & sales effort.
  • Strategic Location on Beltway 8 near Houston IAH Airport. The Property is located 2 miles from George Bush Intercontinental (IAH) Airport. IAH Airport is Houston’s largest airport and currently ranks fifth in the United States among U.S. airports with scheduled nonstop domestic and international service. For the business traveler, the Property is near the following: Halliburton (1 mile), Baker Hughes (1 mile), GE Oil & Gas (1 mile), North Belt Intercontinental Business Park (1 mile) and Pinto Business Park (1 mile).
  • Hurricane Harvey Impact on Houston Hotel Industry. Looking at hotel data from four comparable disasters (Hurricane Katrina, Superstorm Sandy, Hurricane Ike and Hurricane Andrew), demand rose by 10% to 40% in the surrounding markets in the month after each event. Demand was still up an average of 15% four months after each event because of displaced residents, FEMA staff, emergency personnel and construction workers. Growth rates by market will vary from Hurricane Harvey’s impact, with Houston likely to see the largest increases in demand.

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Wingate by Wyndham Houston Willowbrook

  • Location. The Wingate by Wyndham Willowbrook conveniently sits right off FM 1960 and Mills Road about one mile away from both Willowbrook Mall and Willowbrook Medical Center. Willowbrook lies about thirty minutes northwest of Downtown Houston along Highway 249 just outside Beltway 8. For guests flying into Houston, the George Bush Intercontinental Airport is a short twenty minute drive away. Five minutes away from the hotel is Cutten Road, a major industrial corridor that is home to over thirty oil and gas companies including Fortune 500 companies National Oilwell Varco and GE Oil & Gas.
  • Northwest Freeway. Historically, the Northwest Houston submarket has been one of the top markets in Houston for RevPAR growth, driven primarily by corporate demand in the energy industry. Based on the most recent Hotel Horizons® Report from CBRE Hotels' Americas Research, all the hotels in this submarket had the following statistics in 2014: 70.5% occupancy, $93.79 ADR and $66.11 RevPAR. In 2016, this same tract finished with the following statistics: 57.4% occupancy, $88.29 ADR and $50.66 RevPAR, which represents a 23.4% decline in RevPAR compared to 2014. The decline is due to the tightened travel budgets from the local energy companies as oil prices remained unstable. With oil prices showing signs of stabilization in Q2 2017, oil/gas executives are confident that the future is bright.
  • Below Replacement Cost. Based on pricing guidance, the Hotel can be acquired for below replacement cost. This presents an excellent opportunity to purchase an award winning branded hotel for less than the cost of construction. After completing the change of ownership PIP, an investor will have a newly renovated product and can increase room rates and strive to increase its room revenue by achieving its fair market share within the competitive set.
  • Recent Renovations. The current ownership group has completed the following capital improvements to the hotel within the past two years: bathroom vanities, bathroom wallpaper, carpet throughout the whole hotel, case goods, headboards, soft goods, bathroom tile, and interior/exterior paint.

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Sleep Inn & Suites I-45

  • Central Location Near George Bush IAH. The Sleep Inn & Suites is centrally located directly off Interstate 45 just north of Beltway 8 between Downtown Houston and The Woodlands. Just east of the hotel is the George Bush Intercontinental Airport which serves over forty-three million passengers per year making it the tenth busiest airport in the nation.
  • Corporate Offices Near the Hotel. Less than a fifteen minute drive from the hotel are the following major employers: Hewit Associates LLC (2,200 employees; 11.9 miles away from the hotel), Chevron Phillips (603 employees; 13.3 miles away from the hotel), Anadarko Petroleum (2,400 employees; 13 miles away from the hotel), Baker Hughes Woodlands (735 employees; 14.4 miles away from the hotel), Memorial Hermann Woodlands Hospital (1,800 employees; 14.4 miles away from the hotel), and Lone Star College System Montgomery (1,482 employees; 16.6 miles away from the hotel.)
  • Stable Revenue History. For the last four years, from 2013-2016, the Sleep Inn & Suites showed a stable revenue trend with its room revenue averaging $1,069,709. Although the hotel has seen a recent decline in room sales due to the decrease in the price of oil, the property’s central location to many leisure and corporate demand generators on Interstate 45 positions it nicely to recapture its stable revenue soon. With oil prices showing signs of stabilization in Q2 2017, oil/gas executives are confident that the future is bright.
  • Houston Economy. Since the beginning of the year, the Houston area has added about 26,000 jobs, accelerating job growth to an annual rate of nearly 3 percent, compared to 0.3 percent last year, and powering the region's employment to an all-time high.
  • Pinot Business Park & Amazon's Fulfillment Center. Located less than five miles from the hotel is Pinto Business Park. Pinto Business Park's 971 acres make it the largest fully entitled, contiguous tract of land inside Beltway 8. The Park is now home to Amazon’s first fulfillment center in the Greater Houston area, which will staff 2,500 full-time employees.

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Independent Hotel – Studio 6 Conversion Opportunity

  • The Interstate Motor Lodge is located in a high barrier to entry location in proper Houston TX. The Hotel is located on Interstate 10, 13 miles East of Downtown Houston TX.
  • The Hotel is being sold along with five houses and one duplex which are located directly East of the Hotel. The houses have been recently renovated. Five out of the six houses have replaced the roofs within last four years. The duplex and four of the five houses are currently leased out. (Ask Broker for details).
  • The Hotel is priced below replacement cost at $52,667 per room.
  • The Hotel has the option to convert to Studio 6.
  • The Hotel and houses are located on 7.29 acres of contiguous land.

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

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