9902 Gulf Freeway - Hospitality FOR SALE


Houston, TX 77034
$5,200,000 USD
281-968-5019
9902 Gulf Freeway, Houston, TX for Sale
$5,200,000 USD
Hospitality - FOR SALE
1/19
null | Request Cap Rate

9902 Gulf Freeway
Houston, TX 77034


HIGHLIGHTS

  • Take advantage of the 128-key Red Roof Inn & Suites Hobby Airport in Houston, an economy hospitality asset offering diverse upside potential.
  • Prominently located directly off I-45 near William P. Hobby Airport, Sam Houston Tollway, and I-610, the hotel is easily accessible to travelers.
  • New ownership has the opportunity to capitalize on the hotel’s existing revenue stream and strong market performance.
  • Red Roof Inn & Suites Hobby Airport is conveniently surrounded by a dynamic mix of demand drivers and sits only 7 miles to Downtown Houston.
  • Almeda Mall, Memorial Hermann Southeast Hospital, University of Houston, and Ellington Field Joint Reserve Base are all within 10 miles.
  • Nearby national retailers include Waffle House, Starbucks, McDonald’s, Subway, Walmart Supercenter, Ross Stores, Family Dollar, and more.

OVERVIEW

Offering Summary Property Name: Red Roof Inn & Suites at Hobby Airport Property Type: Limited-Service Hotel Total Guest Rooms: 131 Property Overview: The Red Roof Inn & Suites at Hobby Airport is a strategically located, limited-service hotel that caters to a diverse array of guests, including business travelers, leisure tourists, and transient guests passing through the Houston Hobby Airport area. The property features 131 well-appointed guest rooms, a mix of standard rooms and suites designed to provide comfort and convenience. With its excellent proximity to one of Houston's primary airports, the property enjoys robust demand throughout the year. Investment Highlights: Record-Breaking Performance in 2024: The property achieved an impressive $2 million in room revenue during 2024, a record-breaking year. This performance underscores the property’s ability to capitalize on strong market conditions and operational efficiency. Steady Revenue Growth: The three-year average revenue (2022-2024) stands at $1.45 million, showcasing a consistent revenue stream and resilience in a competitive market. Prime Location Near Houston Hobby Airport: The hotel benefits from being within a short drive of Houston Hobby Airport, a major hub for domestic and regional travel. The area’s growth in both leisure and corporate travel supports strong occupancy levels. Strong Market Fundamentals: Houston is a vibrant economic hub with a dynamic mix of industries, including energy, aerospace, and healthcare, driving demand for accommodations. The property is also well-positioned to benefit from local events, conventions, and proximity to the bustling downtown area. Key Property Features: Room Mix: A combination of standard rooms and suites to meet diverse guest needs. Amenities: Complimentary breakfast, free Wi-Fi, business center, on-site parking Management: Professionally managed, with opportunities to enhance operational efficiencies and revenue through targeted marketing and dynamic pricing strategies. Financial Overview: 2024 Room Revenue: $2,000,000 Three-Year Average Revenue: $1,450,000 Opportunities: Leverage revenue growth potential through strategic updates and market positioning. Explore value-add opportunities to improve guest experience and drive higher ADR. Tap into digital marketing and direct booking channels to reduce distribution costs. Offering Details: Contact Information: For more details about this exclusive offering, please contact: Rorik Seth 281-968-5019 rseth@aminrealtyinc.com This is an exceptional opportunity to acquire a well-performing hospitality asset in a high-demand market. Don't miss your chance to own the Red Roof Inn & Suites at Hobby Airport. Schedule a tour or request additional financials today!

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$108 USD /SF

# OF ROOMS

128

PRICE/ROOM

$40,625 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Roof Inn & Suites Hobby Airport

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1984

PARKING SPACES

148

LAND DETAILS

LAND ACRES

2.47 AC

LAND SF

107,746 SF

ZONING

F1

APN/PARCEL ID

0342030030315

ASK ABOUT THIS PROPERTY

Rorik SethSeth EquitiesMore Info
281-968-5019

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Rorik SethSeth EquitiesMore Info
281-968-5019

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