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Red Roof Inn Houston - Jersey Village 16884 Northwest Fwy 114 Room Hotel Houston, TX 77040 $8,431,800 CAD ($73,963 CAD/Room) 10.17% Cap Rate
Investment Highlights
- High barriers to entry — new competing supply is very difficult to build in Jersey Village.
- In-place cash flow — ~$1.79M room revenue and ~$928K NOI (52% margin) in 2024.
- ~30 minutes to Bush Intercontinental Airport.
- Rate upside — the hotel runs an in-place ADR in the mid-$40s vs. a submarket ADR near $84. Room to nearly double rate through repositioning.
- Location that sells itself — US-290 exposure, minutes from Houston Premium Outlets, Willowbrook, and the Berry Center
- Solid fundamentals — 2.58 acres, 91 parking spaces, renovated in 2021, and outside the FEMA Special Flood Hazard Area.
Executive Summary
Seth Equities is pleased to bring to market the Red Roof Inn Houston – Jersey Village, a franchised hotel with direct US-290 (Northwest Freeway) frontage — 119 total rooms with 114 rentable keys — offered at $6,000,000 ($52,632 per rentable key).
This is a rare kind of hospitality asset: it sits inside the City of Jersey Village, one of the only municipalities in metro Houston with true zoning and a dedicated hotel code. New hotels here are tightly restricted — so an existing, operating, franchised 114-key hotel on a busy freeway is genuinely hard to replicate. That scarcity is the story.
Why buyers should take a look:
* High barriers to entry — new competing supply is very difficult to build in Jersey Village.
* Rate upside — the hotel runs an in-place ADR in the mid-$40s vs. a submarket ADR near $84. Room to nearly double rate through repositioning.
* In-place cash flow — ~$1.79M room revenue and ~$928K NOI (52% margin) in 2024.
* Location that sells itself — US-290 exposure, minutes from Houston Premium Outlets, Willowbrook, the Berry Center, and ~30 minutes to Bush Intercontinental Airport.
* Solid fundamentals — 2.58 acres, 91 parking spaces, renovated in 2021, and outside the FEMA Special Flood Hazard Area.
119 rooms (114 rentable keys) · $6M · 2.58 acres · US-290 frontage · built 1985 / renovated 2021
This is a rare kind of hospitality asset: it sits inside the City of Jersey Village, one of the only municipalities in metro Houston with true zoning and a dedicated hotel code. New hotels here are tightly restricted — so an existing, operating, franchised 114-key hotel on a busy freeway is genuinely hard to replicate. That scarcity is the story.
Why buyers should take a look:
* High barriers to entry — new competing supply is very difficult to build in Jersey Village.
* Rate upside — the hotel runs an in-place ADR in the mid-$40s vs. a submarket ADR near $84. Room to nearly double rate through repositioning.
* In-place cash flow — ~$1.79M room revenue and ~$928K NOI (52% margin) in 2024.
* Location that sells itself — US-290 exposure, minutes from Houston Premium Outlets, Willowbrook, the Berry Center, and ~30 minutes to Bush Intercontinental Airport.
* Solid fundamentals — 2.58 acres, 91 parking spaces, renovated in 2021, and outside the FEMA Special Flood Hazard Area.
119 rooms (114 rentable keys) · $6M · 2.58 acres · US-290 frontage · built 1985 / renovated 2021
Property Facts
| Price | $8,431,800 CAD | Lot Size | 2.58 AC |
| Price Per Room | $73,963 CAD | Building Size | 44,616 SF |
| Sale Type | Investment | No. Rooms | 114 |
| Cap Rate | 10.17% | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1985/2021 |
| Property Subtype | Hotel | Parking Ratio | 2.47/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Price | $8,431,800 CAD |
| Price Per Room | $73,963 CAD |
| Sale Type | Investment |
| Cap Rate | 10.17% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.58 AC |
| Building Size | 44,616 SF |
| No. Rooms | 114 |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2021 |
| Parking Ratio | 2.47/1,000 SF |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 114 | $82.91 CAD | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 1164760000001 | Improvements Assessment | $4,718,992 CAD |
| Land Assessment | $1,270,069 CAD | Total Assessment | $5,989,061 CAD |
Property Taxes
Parcel Number
1164760000001
Land Assessment
$1,270,069 CAD
Improvements Assessment
$4,718,992 CAD
Total Assessment
$5,989,061 CAD
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Red Roof Inn Houston - Jersey Village | 16884 Northwest Fwy
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