-
Residence Inn Houston Sugar Land/ Stafford – Image Credit Marriott International
CBRE Hotels is soliciting offers to acquire the fee-simple interest in the Residence Inn in Houston Sugar Land/Stafford, Texas. The property is located off Southwest Freeway, just minutes from First Colony Mall, Stafford Centre, Constellation Field, and Missouri City. Thanks to this prime location, the Residence Inn receives business from a diverse population of both corporate and leisure travelers.
Investment Highlights
- Well Below Replacement Cost – The hotel provides a unique opportunity for a new owner to acquire a high-quality branded extended-stay lodging property at a significant discount compared to the cost of building a similar one, due to increasing construction costs and the challenging lending environment.
- Rapidly Increasing Revenue Trend – The hotel’s room revenue has increased 13% through YTD June 2024. Trailing TTM Room Revenue is $2,262,626.
- Diverse Demand Drivers – The hotel’s strategic location in Sugar Land/Stafford offers convenient access to various major demand generators such as oil, gas, and energy companies, hospitals, business centers/parks, shopping malls, restaurants, retail, and entertainment areas. Specifically, the Residence Inn is proximate to Sugar Land Business Park, Stafford Grove Industrial Park, First Colony Mall, Houston Community College Campus, and Houston Methodist Sugar Land Hospital.
- Premium Brand Advantage – This offering presents a unique opportunity to acquire a premium branded extended-stay hotel that benefits from the global Marriott Bonvoy program, a premier loyalty program and global distribution system, comprising 177 million members.
- The GRID Development – The Residence Inn is located less than a mile from The Grid, a mixed-use development in Fort Bend County. Spanning 192 acres of Fort Bend County’s Innovation Corridor, The Grid is expected to drive economic growth and attract a diverse range of businesses. The Grid has intentions to include more than 500,000 square feet of office space, luxury apartments, cinema space, golf entertainment, fitness facilities, farmers markets, rooftop patios and more.
- 2nd Fastest Growing Metro In the U.S. – Houston is experiencing rapid growth, ranking as the second fastest-growing major metro in the U.S. and the fifth most populated metro in the country. Projections indicate that by 2029, the metro area population is expected to surpass 8 million.
For inquiries visit here.
Please visit our sponsor:
Our Sponsor