Comfort Inn & Suites FM 1960 Champions

$3,800,000

3555 Cypress Creek Pkwy, Houston, TX 77068

Details

  • $3,800,000
  • Limited Service

Comfort Inn & Suites FM 1960 Champions Houston is a 56-unit, interior corridor, limited service hotel. The hotel was fully renovated in 2014 per Choice’s newest design scheme “Truly Yours“. Minimal PIP is expected for the new owner. This three-story hotel was constructed in 1997, and features outdoor parking, breakfast & dining area, outdoor swimming pool, fitness center, on-site laundry facilities, meeting room, business center, vending machine and wireless internet access. Each spacious room is equipped with air conditioning, coffee maker, mini refrigerator, microwave, iron with ironing board, hair dryer, work desk with lamp, flat-screen TV and wireless internet access.

Houston is the most populous city in Texas and the fourth-most populous city in the United States. Just minutes from Interstate 45 and U.S. Highway 290, this comfortable hotel in northwest Houston and is located near major shopping and corporate demand generators. It’s 3.7 miles from Champions Golf Club and within six miles of Willowbrook Mall and Vintage Parkway. Aerodrome and Heron Lakes Golf Course are also within eight miles. George Bush Intercontinental Airport is 15 miles east of the subject hotel. This northwest quadrant is also supported by Compaq Headquarters and major medical care centers.

The Comfort Inn & Suites FM 1960 Champions is a fully renovated hotel that is priced significantly below replacement cost at $67,857 per key. This presents an investor the opportunity to purchase one of Choice’s premier brands in one of Houston’s best markets below the cost of constructing a hotel. At $3,800,000, the hotel is priced at 3.96 times 2016 Year-End Room Revenue. For the past two years, Houston, has experienced a downward trend in room revenue. However, the new supply pipeline for hotels has tapered off and the overall market metrics are strengthening leading to a cycle turnaround. The Comfort Inn & Suites gives an experienced hands-on owner/operator the opportunity to improve or maintain the top line revenue, and more importantly, to control costs, build in efficiencies and improve the operating margin at the hotel.

Agent for this listing

Skyler Cooper

Vice President Investments, National Hospitality Group
Office: (713) 452-4275
Mobile: (540) 522-9115
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Lisa Hankamer

Senior Associate, National Hospitality Group
Office: (713) 452-4247
Mobile: (713) 992-3343
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