Listing Agents
Michael Sheppard
T | 505.515.1850
[email protected]
Subu Thiagarajan
T | 510.205.7931
[email protected]
DRE#01891134
Detailed Information
Location
Property Highlights
- Fee simple interest in the 150-key, seven-story, concrete Drury Inn & Suites, available exclusively through a traditional sale
- Presenting a unique opportunity to acquire an institutional-grade asset in a Top 5 MSA at a substantial discount to replacement cost
- Offered unencumbered by the Drury flag and brand management at sale
- Several attractive conversion flags are available from Hilton, Marriott, Hyatt, IHG, Choice, Wyndham, Sonesta, and more
- Ideal location adjacent to Interstate 45 in The Woodlands, a premier Houston suburb, with upwards of 215,000 vehicles passing the location daily
- Walkable to Hughes Landing, a 66-acre mixed-use upscale lifestyle development featuring over 1.6 million square feet of Class A office space, more than 160 shops and restaurants at The Woodlands Mall, 776 luxury residences, and the 200-acre Lake Woodlands
- Minutes from Research Forest, a 77-acre planned office development that is home to the new $200 million Alexandria Center for Advanced Technologies life sciences campus, 76,000 square foot headquarters for Cellipont Bioservices, and proposed $100 million Bionova Scientific biotechnology facility
- Convenient to all broader metro demand, including Houston’s largest convention centers, Houston Methodist Medical Center and Memorial Hermann Sugar Land, 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 upper $70s (62%+ increase since January 2021), an overarching positive for energy demand and O&G corporate investment
- Houston is an ideal investment target with nearly seven 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
- Houston has been designated as a host city and potential hub site for the 2026 World Cup; with seven matches planned at NRG Stadium, the anticipated economic impact is estimated to exceed $1.3 billion