Hotels for Sale

FAIRFIELD INN & SUITES HOUSTON I-45 NORTH CYPRESS STATION, TX

Address:
Houston, Texas
Description:

UNDER CONTRACT

  •  Fee simple interest in the institutionally-owned and third party operated 62 room Fairfield Inn & Suites by Marriott I-45 North offered at a substantial discount to replacement cost
  • Property available for sale through the Ten-X auction event on April 21st, 2021
  • Available unencumbered of debt and third-party management. The ability to retain new management coupled with the requirement that the Fairfield Inn & Suites brand be retained at sale will position new ownership to take advantage of top line performance, as the property has averaged ~120% RevPAR Index since 2018, while also immediately providing the opportunity to improve operating metrics.
  • Significant operational upside for a prospective owner in taking over from a national third-party operator by implementing new cost saving and marketing strategies
  • Situated directly adjacent to and directly visible from US Interstate 45, the primary commercial corridor for North Houston with more than 245,000 vehicles passing the location daily
  • Proximate to all broader area demand including George Bush Intercontinental Airport (IAH), ExxonMobile, SYSCO and The Woodlands
  • Houston remains ideally positioned to capitalize on stabilizing oil prices with WTI pricing having increased 40% in the past six months to a profitable price that will incentivize production and capital investment
  • 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 2010-2020 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 MSAs in the US for two consecutive decades

Listing Agents

Kami Burnette
T | 512.831.5605
Email

Mason McDavid
T | 512.543.4653
Email

Categories List:      

Send message to listing owner