Hampton Inn Houston Hobby, TX

UNDER CONTRACT

• Fee simple interest in the institutionally owned and third party managed 119-room Hampton Inn Houston Hobby, TX
• Available for individual sale as part of a larger 9-property institutional portfolio sale in the August 15th auction event via Ten-X
• Offered unencumbered of brand, debt, management, and at a significant discount to replacement cost
• Variety of alternative branding options are avaialbe for prospective qualifying franchisees
• Situated directly adjacent to the Houston Hobby – serving 14 million passengers annually
• Houston Hobby Airport is currently in the midst of a $470MM renovation and expansion with targeted completion slated for 2025
• Significant operating improvement prospects following the completion of the PIP and transferring to a regional owner/operator model with strong local economies of scale
• 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
• Houston is ripe for investment with nearly 7 million residents, the second highest number of Fortune 500 headquarters in the U.S., and a highly favorable tax climate
• Houston remains one of the fastest growing MSAs in the country for two consecutive decades