Hotels for Sale

FAIRFIELD INN AND SUITES HOUSTON ENERGY CORRIDOR, TX

Address:
Houston, Texas
Description:
  • Fee simple interest in the institutionally-owned and third-party operated 80-room Fairfield Inn & Suites by Marriott Energy Corridor offered at a substantial discount to replacement cost
  • Property is being sold individually in the December 9th auction event on Ten-X, but the 93-room TownePlace Suites Energy Corridor is being offered simultaneously, providing buyers the opportunity to purchase adjacent assets and capitalize on strong operating synergies by owning two well-branded neighboring hotels serving different market segments and brand families
  • Available unencumbered of debt and third-party management with ability to retain the Marriott brand
  • Significant operational upside for a prospective owner in taking over for the national third-party operator by implementing new cost saving and marketing strategies
  • Situated adjacent to and directly visible from US Interstate 10 with more than 229,000 vehicles passing the location daily
  • Proximate to all broader area demand including BP America, ConocoPhillips, and Shell Oil Company
  • Optimal time to be investing in Houston with the city home to nearly 7MM residents, the second highest number of Fortune 500 headquarters within the US, and a highly favorable tax climate that will incentivize economic growth and diversification in the midst of the national economic recovery
  • Houston was the second fastest growing metropolitan area from 2010-2019 with approximately 1.28MM new residents and is projected to gain another 1.24MM residents by 2029, which will make it one of the fastest growing metro area in the US for two consecutive decades

Listing Agents

Kami Burnette
T | 512.831.5605
Email

Mason McDavid
T | 312.724.5960
Email

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