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Listing Agents
Subu Thiagarajan
T | 510.205.7931
subu@paramountlodging.com
DRE#01891134
Brent Clemens
T | 312.402.2959
bclemens@paramountlodging.com
Detailed Information
Location
Property Highlights
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