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8950 Fallbrook DrHouston, TX 77064
Homewood Suites Houston NW at Beltway 8
Asset ClassHotel & Hospitality
overview of deal

Overview

HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the fee-simple interest in the 125-room Homewood Suites Houston NW at Beltway 8 (“Hotel” or “Property”), situated at 8950 Fallbrook Dr, Houston, TX 77064.

 

The acquisition of the Homewood Suites by Hilton Houston NW at Beltway 8 (the “Property” or “Hotel”) presents a new Buyer with the opportunity to purchase a premium-branded, upper-midscale extended stay Property with strong in-place cash flows in an optimal suburban submarket. The Hotel benefits from its premium location in Northwest Houston, approximately 20 miles from downtown Houston and just over 16 miles from George Bush Intercontinental Airport (IAH). The Hotel maintains proximity to both strong and diverse demand generators, including Willowbrook Mall, Sam Houston Race Park, and a multitude of corporate and logistics companies, including Schlumberger, National Oilwell Varco, Sysco, and multiple Amazon fulfillment centers located in the Northwest Houston submarket. The Hotel represents a unique opportunity to enter a strong submarket through a strongly positioned asset.

 

Although the Property is well-maintained and has benefited from strong cash flow and consistent bottom-line growth, there remains meaningful upside potential through operational enhancements and more hands-on management. The Hotel has historically performed in line with the top of its competitive set across occupancy, ADR, and RevPAR, demonstrating its dominant market position.

 

With no immediate competitive supply pressures within a five-mile radius of the Property, and a deeply entrenched corporate and leisure demand base, Homewood Suites by Hilton Houston NW at Beltway 8 is positioned as a stable, cash-flowing asset with an exceptional margin-expansion profile within a fundamentally strong and highly accessible Texas submarket.

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Investment Highlights

Premium Branded Property

 

Newer Vintage Asset

 

Strong Scarcity Value

 

Highly Competitive Assets

 

Strong and Stable Revenues with Significant Upside Opportunity

 

Offered Unencumbered by Management

 

Offered Well Below Replacement Cost

 

Fee Simple Interest

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8950 Fallbrook DrHouston, TX 77064
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