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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Michael Yu and Yu Hospitality Real Estate Advisors, Inc. are licensed real estate brokers in the state of Texas. Rahul Bijlani, Eric Guerrero, Tyler Bean, Andrew Frosch, Dennis Drake, Agrama Mannapperuma and Pravin Boteju are licensed salespersons in the state of Texas and affiliated with and sponsored by CBRE Group Inc.