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Red Roof Inn & Suites Hobby Airport 9902 Gulf Freeway 128 Room Hotel Houston, TX 77034 $6,431,010 CAD ($50,242 CAD/Room)
Investment Highlights
- Take advantage of the 128-key Red Roof Inn & Suites Hobby Airport in Houston, an economy hospitality asset offering diverse upside potential.
- New ownership has the opportunity to capitalize on the hotel’s existing revenue stream and strong market performance.
- Almeda Mall, Memorial Hermann Southeast Hospital, University of Houston, and Ellington Field Joint Reserve Base are all within 10 miles.
- Prominently located directly off I-45 near William P. Hobby Airport, Sam Houston Tollway, and I-610, the hotel is easily accessible to travelers.
- Red Roof Inn & Suites Hobby Airport is conveniently surrounded by a dynamic mix of demand drivers and sits only 7 miles to Downtown Houston.
- Nearby national retailers include Waffle House, Starbucks, McDonald’s, Subway, Walmart Supercenter, Ross Stores, Family Dollar, and more.
Executive Summary
Offering Summary
Property Name: Red Roof Inn & Suites at Hobby Airport
Property Type: Limited-Service Hotel
Total Guest Rooms: 131
Property Overview:
The Red Roof Inn & Suites at Hobby Airport is a strategically located, limited-service hotel that caters to a diverse array of guests, including business travelers, leisure tourists, and transient guests passing through the Houston Hobby Airport area. The property features 131 well-appointed guest rooms, a mix of standard rooms and suites designed to provide comfort and convenience. With its excellent proximity to one of Houston's primary airports, the property enjoys robust demand throughout the year.
Investment Highlights:
Record-Breaking Performance in 2024:
The property achieved an impressive $2 million in room revenue during 2024, a record-breaking year.
This performance underscores the property’s ability to capitalize on strong market conditions and operational efficiency.
Steady Revenue Growth:
The three-year average revenue (2022-2024) stands at $1.45 million, showcasing a consistent revenue stream and resilience in a competitive market.
Prime Location Near Houston Hobby Airport:
The hotel benefits from being within a short drive of Houston Hobby Airport, a major hub for domestic and regional travel.
The area’s growth in both leisure and corporate travel supports strong occupancy levels.
Strong Market Fundamentals:
Houston is a vibrant economic hub with a dynamic mix of industries, including energy, aerospace, and healthcare, driving demand for accommodations.
The property is also well-positioned to benefit from local events, conventions, and proximity to the bustling downtown area.
Key Property Features:
Room Mix: A combination of standard rooms and suites to meet diverse guest needs.
Amenities: Complimentary breakfast, free Wi-Fi, business center, on-site parking
Management: Professionally managed, with opportunities to enhance operational efficiencies and revenue through targeted marketing and dynamic pricing strategies.
Financial Overview:
2024 Room Revenue: $2,000,000
Three-Year Average Revenue: $1,450,000
Opportunities:
Leverage revenue growth potential through strategic updates and market positioning.
Explore value-add opportunities to improve guest experience and drive higher ADR.
Tap into digital marketing and direct booking channels to reduce distribution costs.
Offering Details:
Contact Information:
For more details about this exclusive offering, please contact:
Rorik Seth
281-968-5019
rseth@aminrealtyinc.com
This is an exceptional opportunity to acquire a well-performing hospitality asset in a high-demand market. Don't miss your chance to own the Red Roof Inn & Suites at Hobby Airport. Schedule a tour or request additional financials today!
Property Name: Red Roof Inn & Suites at Hobby Airport
Property Type: Limited-Service Hotel
Total Guest Rooms: 131
Property Overview:
The Red Roof Inn & Suites at Hobby Airport is a strategically located, limited-service hotel that caters to a diverse array of guests, including business travelers, leisure tourists, and transient guests passing through the Houston Hobby Airport area. The property features 131 well-appointed guest rooms, a mix of standard rooms and suites designed to provide comfort and convenience. With its excellent proximity to one of Houston's primary airports, the property enjoys robust demand throughout the year.
Investment Highlights:
Record-Breaking Performance in 2024:
The property achieved an impressive $2 million in room revenue during 2024, a record-breaking year.
This performance underscores the property’s ability to capitalize on strong market conditions and operational efficiency.
Steady Revenue Growth:
The three-year average revenue (2022-2024) stands at $1.45 million, showcasing a consistent revenue stream and resilience in a competitive market.
Prime Location Near Houston Hobby Airport:
The hotel benefits from being within a short drive of Houston Hobby Airport, a major hub for domestic and regional travel.
The area’s growth in both leisure and corporate travel supports strong occupancy levels.
Strong Market Fundamentals:
Houston is a vibrant economic hub with a dynamic mix of industries, including energy, aerospace, and healthcare, driving demand for accommodations.
The property is also well-positioned to benefit from local events, conventions, and proximity to the bustling downtown area.
Key Property Features:
Room Mix: A combination of standard rooms and suites to meet diverse guest needs.
Amenities: Complimentary breakfast, free Wi-Fi, business center, on-site parking
Management: Professionally managed, with opportunities to enhance operational efficiencies and revenue through targeted marketing and dynamic pricing strategies.
Financial Overview:
2024 Room Revenue: $2,000,000
Three-Year Average Revenue: $1,450,000
Opportunities:
Leverage revenue growth potential through strategic updates and market positioning.
Explore value-add opportunities to improve guest experience and drive higher ADR.
Tap into digital marketing and direct booking channels to reduce distribution costs.
Offering Details:
Contact Information:
For more details about this exclusive offering, please contact:
Rorik Seth
281-968-5019
rseth@aminrealtyinc.com
This is an exceptional opportunity to acquire a well-performing hospitality asset in a high-demand market. Don't miss your chance to own the Red Roof Inn & Suites at Hobby Airport. Schedule a tour or request additional financials today!
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
- PIP
Property Facts
| Price | $6,431,010 CAD | Building Size | 48,132 SF |
| Price Per Room | $50,242 CAD | No. Rooms | 128 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1984/2019 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | C | Parking Ratio | 3.07/1,000 SF |
| Lot Size | 2.47 AC | Corridor | Exterior |
| Zoning | F1 - No zoning | ||
| Price | $6,431,010 CAD |
| Price Per Room | $50,242 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.47 AC |
| Building Size | 48,132 SF |
| No. Rooms | 128 |
| No. Stories | 3 |
| Year Built/Renovated | 1984/2019 |
| Tenancy | Single |
| Parking Ratio | 3.07/1,000 SF |
| Corridor | Exterior |
| Zoning | F1 - No zoning |
Amenities
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 32 | $142.30 CAD | - |
| Guest Room | 96 | $83.47 CAD | - |
1 1
Walk Score®
Very Walkable (70)
Property Taxes
| Parcel Number | 0342030030315 | Improvements Assessment | $5,468,530 CAD |
| Land Assessment | $1,193,317 CAD | Total Assessment | $6,661,847 CAD |
Property Taxes
Parcel Number
0342030030315
Land Assessment
$1,193,317 CAD
Improvements Assessment
$5,468,530 CAD
Total Assessment
$6,661,847 CAD
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Red Roof Inn & Suites Hobby Airport | 9902 Gulf Freeway
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