Four Points by Sheraton Houston Hobby Airport, TX

Listing Agents

Kami Burnette
T | 512.574.1786
kburnette@paramountlodging.com

Mason McDavid
T | 512.543.4653
mmcdavid@paramountlodging.com

Detailed Information
Location
Property Highlights

UNDER CONTRACT

  • Fee simple interest in the lender-owned and third party operated 79-room, 2011 built, Four Points by Sheraton Hobby Airport Houston TX offered at a substantial discount to replacement cost
  • Property available for sale through the Ten-X auction event on November 17th, 2021
  • Available unencumbered of debt and third-party management with ability to retain the Marriott brand upon completion of the change of ownership PIP
  • Situated directly adjacent to the William P Hobby airport which has seen a 185% year-over-year increase in passenger traffic largely driven by leisure and regional travel on Southwest Airlines
  • Proximate to all broader area demand including downtown Houston, the Museum District, and Houston Space Center
  • 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
Location