Listing Agents
Michael Sheppard
T | 505.515.1850
msheppard@paramountlodging.com
Subu Thiagarajan
T | 510.205.7931
subu@paramountlodging.com
DRE#01891134
Detailed Information
Location
Property Highlights
- Marriott / Hilton two asset portfolio ideally positioned in core Houston commercial corridor
- Significant gains in top- and bottom-line performance with 10% YoY RevPAR growth
- Courtyard and Hampton Inn combo will allow prospective buyers strong operating economies of scale across ‘best in class’ core-branded select-serve flags
- Opportunity to acquire two institutionally-branded assets in a Top 5 MSA at a substantial discount to replacement cost
- Offered unencumbered of management with the ability to retain the Hampton Inn & Suites by Hilton and Courtyard by Marriott flags following completion of respective change of ownership PIPs
- Ideally located in the heart of the Houston Energy Corridor, a dynamic business district home to a multitude of global energy sector firms and just 14 miles from the I-10 / I-610 junction
- Within walking distance to Houston Methodist West Hospital and Texas Children’s Hospital West Campus, together comprising over 200 beds
- Convenient to all broader metro demand including Houston’s largest convention centers, the Texas Medical Center, major sports arenas, Downtown, the NASA Space Center, Houston Zoo, and more
- Continued positive outlook for Houston, the Energy Capital of the United States, with WTI price per barrel stabilizing in the $70s/80s (50% increase since January 2021), an overarching positive for energy demand and O&G corporate investment
- Houston is an ideal investment target with nearly 7 million residents, the second highest number of Fortune 500 headquarters in the U.S., and a highly favorable tax climate, making it one of the fastest growing MSAs in the country for two consecutive decades