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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).
Location/Market
Physical Plant
Financials
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!
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