9190 Gulf Fwy - Hospitality FOR SALE


Houston, TX 77017
$8,000,000 USD
661-978-3109
9190 Gulf Fwy, Houston, TX for Sale
$8,000,000 USD
Hospitality - FOR SALE
1/18
null | 4.16% Cap Rate

9190 Gulf Fwy
Houston, TX 77017


HIGHLIGHTS

  • • Priced to SELL at $8,000,000 ($52K/key).
  • • Total $77K/key After $25,000/key PIP. (Well below construction replacement costs)
  • • Located near Houston’s major corporate hub.
  • • Less than 2mi from Hobby Airport.
  • • Franchise license (15-20 Years After PIP).
  • • Major Turn Around Opportunity simple need a PIP and Good Management. (Strong Demand Market).

OVERVIEW

HIGHLIGHTS AND LOCATION * * Hotel Brokers of America is pleased to exclusively offer the 153-room Courtyard Houston Hobby Airport boasts a prime location off I-45 near William P. Hobby Airport, offering excellent visibility and strong brand affiliation, making it an ideal investment in a high-demand market. * * Property Overview: • Excellent location near William P. Hobby Airport, a high-traffic regional hub undergoing a $250M expansion to boost capacity. • Significant revenue growth potential: Projected to reach $4M annually after completing the required $25K per key PIP in 2025. • Priced below replacement cost: $77K per key total investment offers a cost-effective entry to owning a Courtyard by Marriott. • Houston’s thriving economy drives demand, with a strong corporate presence, including Fortune 500 HQs and industries like aerospace and energy. • Long-term franchise value: Marriott Courtyard license extends until 2043, with a renewal opportunity for an additional 15–20 years. * * Nitigna Naik Texas Broker of Record: P: 661.978.3289 E: Deals@HBofAmerica.com TX DRE #735690

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$108 USD /SF

# OF ROOMS

153

PRICE/ROOM

$52,288 {currency}

CAP RATE

4.16%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Courtyard Houston Hobby Airport

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1996

PARKING SPACES

155

LAND DETAILS

LAND ACRES

4.07 AC

LAND SF

177,115 SF

ZONING

N/Ap, Houston

APN/PARCEL ID

0342030020120

ASK ABOUT THIS PROPERTY

Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

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Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.