Sleep Inn & Suites - Bush Intercontinental Airport IAH East


Price:
$3,975,000

Address :
18150 McKay Blvd
Houston, TX 77338


  •  TOURS: August 9th & 10th Call for appointment.
  •  Great Operation only 2.6 Miles from the Houston – George H. W. Bush/IAH Airport
  •  Close Proximity to Encompass Rehab Hospital, Kindred Rehab Hospital, and Icon Hospital
  •  Easy Operation for Hands-On Owner/Operator With Low Room Count
  •  One of the Most Highly Sought After Markets in Texas
  •  17 Miles from Downtown Houston
  •  Offers Airport Transportation and Park & Fly Packages to Guests
  •  The hotel is being offered subject to the existing franchise. Choice Hotels is expected to grant a standard Sleep Inn & Suites license agreement upon the completion of a Product Improvement Plan (PIP).
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  •  Houston is the nation’s 5th largest Metropolitan Statistical Area with a population of 6.9 million people. Since 2010, it has a 16.4% increase in population – the fastest rate among the 10 most populous metropolitan areas.
  •  Close to Regional Demand Generators, Including...
    •  2.2 Miles to Deerbrook Mall
    •  2.6 Miles to Houston - George H. W. Bush Intercontinental Airport (IAH)
    •  8.5 Miles to Golf Club of Houston, Site of the PGA Tour’s Houston Open
    •  11 Miles to Lake Houston
    •  19 Miles to Minute Maid Park, Home to World Series Champions’ Houston Astros
    •  22 Miles to The University of Houston
    •  27 Miles to NRG Stadium, Home to NFL’s Houston Texans
  •  54 Rooms
  •  Continental Breakfast Area (Seats 24)
  •  Meeting Space (Seats 51)
  •  Business Center
  •  Guest Laundry
  •  Exercise Room
  •  Seasonal Outdoor Pool & Whirlpool
  •  Oversized Vehicular Parking
  •  Wireless Internet
  •  3 Stories
  •  Interior Corridors
  •  Wood Structure, Stucco Facade
  •  Pitched Roof with Composite Shingles
  •  Concrete Parking Lot
Financials
2017
T-12Mos 7/18
Occupancy
72.19%
73.11%
Average Daily Rate
$71.42
$72.64
Room Revenue
$1,016,238
$1,046,685
Net Operating Income
$188,780
N/A
Monthly operating statistics are calculated on a cash basis and will not match completely with sales figures presented in the income statement.
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!