Courtyard Houston Hobby Airport | 9190 Gulf Fwy
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Courtyard Houston Hobby Airport 9190 Gulf Fwy
153 Room Hotel Houston, TX 77017 $11,376,000 CAD ($74,353 CAD/Room) 4.16% Cap Rate
Investment Highlights
- • Priced to SELL at $8,000,000 ($52K/key).
- • Located near Houston’s major corporate hub.
- • Franchise license (15-20 Years After PIP).
- • Total $77K/key After $25,000/key PIP. (Well below construction replacement costs)
- • Less than 2mi from Hobby Airport.
- • Major Turn Around Opportunity simple need a PIP and Good Management. (Strong Demand Market).
Executive Summary
HIGHLIGHTS AND LOCATION
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Hotel Brokers of America is pleased to exclusively offer the 153-room Courtyard Houston Hobby Airport boasts a prime location off I-45 near William P. Hobby Airport, offering excellent visibility and strong brand affiliation, making it an ideal investment in a high-demand market.
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Property Overview:
• Excellent location near William P. Hobby Airport, a high-traffic regional hub undergoing a $250M expansion to boost capacity.
• Significant revenue growth potential: Projected to reach $4M annually after completing the required $25K per key PIP in 2025.
• Priced below replacement cost: $77K per key total investment offers a cost-effective entry to owning a Courtyard by Marriott.
• Houston’s thriving economy drives demand, with a strong corporate presence, including Fortune 500 HQs and industries like aerospace and energy.
• Long-term franchise value: Marriott Courtyard license extends until 2043, with a renewal opportunity for an additional 15–20 years.
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Nitigna Naik
Texas Broker of Record:
P: 661.978.3289
E: Deals@HBofAmerica.com
TX DRE #735690
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*
Hotel Brokers of America is pleased to exclusively offer the 153-room Courtyard Houston Hobby Airport boasts a prime location off I-45 near William P. Hobby Airport, offering excellent visibility and strong brand affiliation, making it an ideal investment in a high-demand market.
*
*
Property Overview:
• Excellent location near William P. Hobby Airport, a high-traffic regional hub undergoing a $250M expansion to boost capacity.
• Significant revenue growth potential: Projected to reach $4M annually after completing the required $25K per key PIP in 2025.
• Priced below replacement cost: $77K per key total investment offers a cost-effective entry to owning a Courtyard by Marriott.
• Houston’s thriving economy drives demand, with a strong corporate presence, including Fortune 500 HQs and industries like aerospace and energy.
• Long-term franchise value: Marriott Courtyard license extends until 2043, with a renewal opportunity for an additional 15–20 years.
*
*
Nitigna Naik
Texas Broker of Record:
P: 661.978.3289
E: Deals@HBofAmerica.com
TX DRE #735690
Property Facts
| Price | $11,376,000 CAD | Building Size | 74,371 SF |
| Price Per Room | $74,353 CAD | No. Rooms | 153 |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 4.16% | Year Built/Renovated | 1996/2005 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.08/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 4.07 AC |
| Price | $11,376,000 CAD |
| Price Per Room | $74,353 CAD |
| Sale Type | Investment |
| Cap Rate | 4.16% |
| 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 | 1996/2005 |
| 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 | $182.02 CAD | - |
| Guest Room | 147 | $160.69 CAD | - |
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PROPERTY TAXES
| Parcel Number | 0342030020120 | Improvements Assessment | $4,802,298 CAD |
| Land Assessment | $2,510,552 CAD | Total Assessment | $7,312,850 CAD |
PROPERTY TAXES
Parcel Number
0342030020120
Land Assessment
$2,510,552 CAD
Improvements Assessment
$4,802,298 CAD
Total Assessment
$7,312,850 CAD
zoning
| Zoning Code | N/Ap, Houston |
| N/Ap, Houston |
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Courtyard Houston Hobby Airport | 9190 Gulf Fwy
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