Hampton Inn & Suites Houston/Atascocita

19108 Moon Trail Drive, Humble, TX

Market Price

Price

1.43 acres

Lot Area

73

Keys

Gallery
Street
Map
Overview
Lot Area
1.43 acres
Keys
73
Year Built
2015
Management
Unencumbered
Floors
5
Description

RI Marketplace Online Auction April 29 - May 1, 2024
Register to Bid on Marketplace:

https://rimarketplace.com/auction/1861/hampton-inn-suites-houston-atascocita?utm_source=brevitas&utm_medium=listing&utm_campaign=hospitality_1861


Berkadia Hotels & Hospitality (‘Berkadia’) and RI Marketplace are pleased to present the opportunity to acquire at auction the 73-room Hampton Inn & Suites Houston/Atascocita (the ‘Property’, ‘Asset’, or ‘Hotel’). The Property offers significant upside potential for an owner/operator, with no deferred maintenance and a light COO PIP. Furthermore, the Hampton Inn by Hilton’s premium brand affiliation provides stable demand through the Hilton Honors loyalty program.

The Houston lodging market is demonstrating a strong recovery, with a 17.4% year-over-year increase in RevPAR for January 2024. The submarket of Atascocita, 20 miles NE of downtown Houston, is conveniently located just 10 miles from the George Bush Intercontinental Airport. The Hampton Inn Houston/Atascocita has diverse demand drivers including the airport, local businesses, and Lake Houston, which attracts leisure travelers to the area due to its many outdoor offerings.

Lamar P. Fisher
Fisher Auction Company Inc.
License: 10344

Highlights
  • Newer build (2015) hotel with only one owner
  • Premium Hampton Inn by Hilton brand with long-term refranchise
  • Strong RevPAR penetration within the competitive set with upside to grow rate
  • Located just 10 miles from George Bush Intercontinental Airport, which served 4 million passengers in 2023, and less than 5 miles from Lake Houston, which drives transient demand for fishing, boating, hiking, camping, and golf
  • Hotel market performance is on the rebound, with January 2024 RevPAR up 17.4% compared to prior year
  • Located in a strong lodging submarket, Houston North/Woodlands, which as of January achieved an impressive 9.4% growth in twelve-month average RevPAR
  • Offered unencumbered of management
Documents
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Location
Gallery