Sonesta Essential Houston-I-45 Spring 415 Fm 1960 Rd E 71 Room Hotel Houston, TX 77073 $5,648,730 CAD ($79,560 CAD/Room)

INVESTMENT HIGHLIGHTS:
Upper Midscale Hotel: A 71-room, three-story Sonesta Essential Hotel, operating under Sonesta International Hotels Corporation.
Recently Renovated Asset: Comprehensive renovation completed in May 2025, significantly reducing near-term capital exposure.
Key Money Assumption Required: Transaction includes existing Sonesta franchise Key Money, which a new buyer will be required to
assume as part of the franchise agreement.
Strong Medical and Corporate Demand: Located near HCA Houston Healthcare Northwest, Tops Surgical Specialty Hospital, Weatherford International, and Wellbore Integrity Solutions.
Convenient Airport Access: Approximately 8.7 miles from George Bush Intercontinental Airport, supporting airline, corporate, and transient travel demand.
On-Site Owner’s Quarters: Two-room owner’s apartment including a king room and king room with kitchen, providing operational efficiency and flexibility.
Diverse Leisure and Education Drivers: Close to Lone Star College– North Harris, Hurricane Harbor Splashtown, Mercer Botanic Gardens, and major retail and entertainment venues.
INVESTMENT OVERVIEW:
As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Sonesta Essential Houston–I-45 Spring (‘Hotel’ or ‘Property’) located at 415 FM 1960 Road East in Houston, Texas. The Sonesta International Hotels-Branded, upper midscale Hotel is offered at $3,995,000 or $56,268 per key.
This limited-service Hotel features 71 guest rooms across three stories and is situated on approximately 1.56 acres with 81 parking spaces. Originally constructed in 2007, the Hotel has completed a comprehensive renovation in May 2025, positioning the asset in turnkey condition with minimal near-term capital requirements. The Hotel offers a well- rounded assortment of common area amenities, including a business center, fitness center, outdoor pool, and 696 square feet of meeting and event space. Additionally, the Property includes on-site owner accommodations, consisting of a two-room owner’s apartment with one standard king room and one king room with kitchen, supporting efficient on-site management or owner-operator use.
The current ownership acquired the Property on July 2, 2024, and subsequently completed a full-scale renovation by May 2025, repositioning the Hotel as a newly renovated asset under a new Sonesta Essential franchise. The decision to bring the Property to market is part of a strategic business plan, allowing ownership to reallocate capital toward other opportunities. As part of the existing franchise agreement, the transaction includes Key Money associated with the Sonesta brand, which a new buyer will be required to assume.
Strategically located in the North Park Forest neighborhood of North Houston, the Property provides convenient access to a wide variety of major demand generators. Medical facilities about two miles from the Hotel include HCA Houston Healthcare Northwest and Tops Surgical Specialty Hospital, generating steady lodging demand from patients’ families, traveling clinicians, and medical consultants. Corporate and industrial demand is supported by proximity to employers like Weatherford International (12.6 miles) and Wellbore Integrity Solutions (6.1 miles), both of which generate recurring business travel.
Educational demand is anchored by Lone Star College–North Harris less than five miles away, while additional visitation is driven by George Bush Intercontinental Airport (IAH), located approximately 8.7 miles from the Property. Leisure and entertainment attractions further enhance the Hotel’s demand profile, including Hurricane Harbor Splashtown (3.6 miles), Willowbrook Mall (15.3 miles), the Cynthia Woods Mitchell Pavilion (10.8 miles), Mercer Botanic Gardens (3.9 miles), and the National Museum of Funeral History (2.4 miles), which collectively draw families, tourists, and weekend travelers throughout the year.