Courtyard Houston Hobby Airport 9190 Gulf Fwy 153 Hotel Rooms Online Auction Sale Houston, TX 77017
INVESTMENT HIGHLIGHTS
- This 153-key, Marriott-branded hotel investment boasts an outdoor pool, a fitness center, a convenience store, a meeting space, and a restaurant.
- Significant operational upside exists to bring ADR and RevPAR in line with the growing submarket average and increase profitability.
- Placed just off I-45 (200k daily vehicles) the hotel is under 2 miles from the Houston Hobby Airport, with more than 12 million annual passengers.
- Operations are supported by a large tourist population, which exceeded 54 million in 2024, with more than 70% of visitors staying overnight.
EXECUTIVE SUMMARY
As the exclusive representative of the seller, Hotel Brokers of America is proud to present for auction 9190 Gulf Freeway, the Courtyard Houston Hobby Airport.
The Courtyard Houston Hobby Airport offers buyers the rare opportunity to acquire an upscale 153-room hotel just minutes from Houston’s Hobby Airport. The Marriott-branded, 181,210-square-foot property was originally constructed on the 4.16-acre lot in 1995 and was fully renovated in 2005. Desirable and well-maintained amenities of the property include an outdoor pool, a fitness center, a convenience store, a reservable meeting space, and an on-site restaurant.
The new owner of the Courtyard Houston Hobby Airport must complete a property improvement plan (PIP) of approximately $25,000 per key. Completing the PIP allows the use of a franchise agreement for 15 to 20 years. Delivered free of debt and management, this hotel is a major turnaround opportunity in a booming submarket at well below replacement cost.
An ideal location in Southeast Houston places the hotel just 10 miles from downtown, near popular destinations, including the University of Houston and Almeda Mall. The hotel sits just off I-45/Gulf Freeway, the major thoroughfare to the DFW Metroplex and a primary artery to Downtown Houston. Highly visible signage can be seen by approximately 200,000 vehicles per day, with easy points of ingress and 155 on-site parking spaces allowing the hotel to capitalize on the robust exposure. The region is one of Houston’s busiest for overnight visitors, sitting less than 2 miles from William P. Hobby Airport, which hosts 12 million passengers annually. A major confluence of industrial facilities in the area is home to critical operations for Manheim Texas Hobby, FedEx, Powell Industries, and many more. This concentration of vital demand drivers and job centers has driven an impressive recent performance in the Houston Hobby Airport hospitality submarket, with occupancy up 6% annually, ADR up 21.6%, and RevPAR up 29%.
Houston is a popular tourist destination that is well known for its vibrant cultural scene, world-class attractions like Space Center Houston, and a thriving arts and entertainment industry, as well as its diverse culinary landscape. More than 51 million visitors traveled to the city in 2024, more than 70% of whom stayed overnight. Additionally, the city smashed its stretch goal of 830,000 room bookings from solely its convention-based events. With sprawling convention centers including the NRG Center and the George R. Brown Convention Center, Houston hosts many of the state’s largest gatherings, such as the Houston Build Expo, the Offshore Technology Conference, and the Houston Home + Garden Show.
Don’t miss out on this chance to acquire a Marriott-branded hotel in a high-performing submarket near Southeast Houston’s busiest demand drivers at the Courtyard Houston Hobby Airport.
The Courtyard Houston Hobby Airport offers buyers the rare opportunity to acquire an upscale 153-room hotel just minutes from Houston’s Hobby Airport. The Marriott-branded, 181,210-square-foot property was originally constructed on the 4.16-acre lot in 1995 and was fully renovated in 2005. Desirable and well-maintained amenities of the property include an outdoor pool, a fitness center, a convenience store, a reservable meeting space, and an on-site restaurant.
The new owner of the Courtyard Houston Hobby Airport must complete a property improvement plan (PIP) of approximately $25,000 per key. Completing the PIP allows the use of a franchise agreement for 15 to 20 years. Delivered free of debt and management, this hotel is a major turnaround opportunity in a booming submarket at well below replacement cost.
An ideal location in Southeast Houston places the hotel just 10 miles from downtown, near popular destinations, including the University of Houston and Almeda Mall. The hotel sits just off I-45/Gulf Freeway, the major thoroughfare to the DFW Metroplex and a primary artery to Downtown Houston. Highly visible signage can be seen by approximately 200,000 vehicles per day, with easy points of ingress and 155 on-site parking spaces allowing the hotel to capitalize on the robust exposure. The region is one of Houston’s busiest for overnight visitors, sitting less than 2 miles from William P. Hobby Airport, which hosts 12 million passengers annually. A major confluence of industrial facilities in the area is home to critical operations for Manheim Texas Hobby, FedEx, Powell Industries, and many more. This concentration of vital demand drivers and job centers has driven an impressive recent performance in the Houston Hobby Airport hospitality submarket, with occupancy up 6% annually, ADR up 21.6%, and RevPAR up 29%.
Houston is a popular tourist destination that is well known for its vibrant cultural scene, world-class attractions like Space Center Houston, and a thriving arts and entertainment industry, as well as its diverse culinary landscape. More than 51 million visitors traveled to the city in 2024, more than 70% of whom stayed overnight. Additionally, the city smashed its stretch goal of 830,000 room bookings from solely its convention-based events. With sprawling convention centers including the NRG Center and the George R. Brown Convention Center, Houston hosts many of the state’s largest gatherings, such as the Houston Build Expo, the Offshore Technology Conference, and the Houston Home + Garden Show.
Don’t miss out on this chance to acquire a Marriott-branded hotel in a high-performing submarket near Southeast Houston’s busiest demand drivers at the Courtyard Houston Hobby Airport.
DATA ROOM Click Here to Access
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
MARKET ANALYTICS Click Here to Access
$99,999
Asset Value
$99,999
12 Month Sales Volume
12 Month Sales Volume
Total
Lowest
Highest
Transactions
999
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-
Sales Volume
$99,999
$99,999
$99,999
Properties Sold
999
-
-
Transacted Rooms
999
999
999
Average Rooms
999
999
999
9.9%
Market Cap Rate
9.9%
Market Sale Price/Room Change (YOY)
12 Month Sales Price
Average
Lowest
Highest
Market
Cap Rate
9.9%
9.9%
9.9%
9.9%
Sale Price/Room
$99,999
$99,999
$99,999
$99,999
Sale Price
$99,999
$99,999
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-
Sale vs Asking Price
-9.9%
-9.9%
-9.9%
-
Months to Sale
9.9%
9.9%
9.9%
-
Market Sale Price per Room
Houston - TX USA
Market Cap Rate
Houston - TX USA
Market Sale Price per Room by Class
Luxury & Upper Upscale
Upscale & Upper Midscale
Midscale & Economy
Market Cap Rate by Class
Luxury & Upper Upscale
Upscale & Upper Midscale
Midscale & Economy
Market Sale Price per Room Distribution
Market Cap Rate Distribution
PROPERTY FACTS
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 4.07 AC |
| Building Size | 74,371 SF |
| No. Rooms | 153 |
| No. Stories | 3 |
| Year Built/Renovated | 1995/2005 |
| Tenancy | Single |
| Parking Ratio | 2.08/1,000 SF |
| Corridor | Interior |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- Shuttle Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 6 | $182.09 CAD | - |
| Guest Room | 147 | $160.75 CAD | - |
ABOUT HOBBY AIRPORT/NASA
The Hobby Airport/NASA area is located along the Gulf Freeway southeast of downtown Houston in the fifth-largest metropolitan area in the U.S. This area is also easily accessible via the Sam Houston Tollway.
The William P. Hobby Airport serves as an operating base for Southwest Airlines, and the nearby George Bush International Airport is the second busiest airport in Texas and the second largest passenger hub for United Airlines.
The Johnson Space Center is NASA’s base for human spaceflight. The center leads spaceflight-related medical and scientific research programs and astronaut training. Space Center Houston, the public-facing museum and visitor center, is the city’s most popular attraction for international visitors and the first Smithsonian Affiliate in the greater Houston area. Other popular attractions for leisure visitors to the area include the Lone Star Flight Museum and the Kemah Boardwalk on Trinity Bay.
PROPERTY TAXES
| Parcel Number | 0342030020120 | Improvements Assessment | $4,855,793 CAD |
| Land Assessment | $2,538,518 CAD | Total Assessment | $7,394,311 CAD |
ZONING
| Zoning Code | N/Ap, Houston |
ABOUT THE AUCTION PLATFORM
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
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AUCTION CONTACT
John Artozqui
Contact
Auctioneer License:
Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
