Avenue Advisors is pleased to present the 125-key Holiday Inn Express & Suites Houston NW - Hwy 290 Cypress. Opened in 2016, the hotel sits on Houston's Highway 290 corridor and is offered unencumbered by management, with a new 15-year IHG franchise agreement expected at closing.
Highway 290 Growth Corridor The property is 12.7 miles from the planned Toro District, where the Houston Texans' new headquarters is scheduled to open by 2029. Prologis Legacy Point, a five-million-square-foot logistics park, is underway along the corridor, and CoStar reports no hotels under construction in the Houston Northwest submarket.
Healthcare Demand Next Door HCA Houston Healthcare North Cypress is 0.3 miles away. Nearby, Memorial Hermann Cypress is expanding to 201 beds, and Houston Methodist Cypress is adding 80 beds.
ADR Growth With Share Upside ADR rose from $90.61 in 2023 to $103.77 in 2025. The hotel trails its competitive set on both occupancy and rate, giving new ownership room to gain share.
New IHG Franchise, Unencumbered New ownership can expect a new 15-year IHG franchise agreement at closing, subject to brand approval. The hotel is offered free of management, so a buyer can self-manage or bring in its own operator.
Well-Kept 2016 Asset The hotel scored 94.1% on Condition and 97.9% on Cleanliness in IHG's October 2025 Quality Evaluation. Its 34 suites make up more than one-quarter of the rooms.