Versatile Hospitality Investment Opportunity: Highly Sought After Brands & Desirable Location: Marcus & Millichap is pleased to present for sale (either individually or as a portfolio) the Houston Park Row 2-Pack Courtyard Houston I-10 West/Park Row and Hampton Inn & Suites Houston I-10 West/Park Row offering located in Houston, Texas. The Properties feature two concrete constructed buildings consisting of 267 keys total. The properties can be acquired together or individually.
The Courtyard Houston I-10 West/Park Row, situated at 18010 Park Row Dr, Houston, TX 77084, is an upscale select service hotel with 132 rooms across 4 floors. This Marriott-branded hotel features a business center, fitness center, restaurant - The Bistro, 676 square feet of meeting/event space, room service, on-site retail, and outdoor pool.
Located at 18014 Park Row Dr, Houston, TX 77084, the Hampton Inn & Suites Houston I-10 West/Park Row is a five story, upper midscale property offering 135 spacious rooms. The Hilton-branded hotel includes amenities such as a business center, fitness center, 575 square feet of meeting/event space, and an outdoor pool.
Houston MSA: A Hub of Economic Power & Transportation Innovation: The Houston Metropolitan Statistical Area (MSA), is a major economic and cultural hub with a population of over 7 million. Houston, the 4th largest city in the U.S., features a robust economy with a GDP of $478 billion, making it the 6th largest metro economy in the country. The region is supported by a well-developed transportation network, including major highways, METRO’s comprehensive public transit system, and two major airports- George Bush Intercontinental Airport (39.0 mi) and Hobby Airport (31.7 mi), which handles over 5 million passengers each year. Major economic sectors include energy, engineering, and healthcare. The Hotels are situated nearby prominent Houston landmarks such as The Galleria (17.8 mi), City Center (8.2 mi), and major business hubs like Baker Hughes (5.7 mi). Houston’s economic vitality is complemented by the substantial impact of industry giants like ExxonMobil and Shell Oil, which bolster the city’s economic strength. Chevron has officially moved its corporate headquarters to downtown Houston while some other Chevron personnel and corporate functions will move to Houston over the next five years.
Located 49 miles from the Hotels, the Houston Ship Channel is experiencing notable growth, largely due to its position as the leading export region in the U.S. and its hosting of the largest petrochemical manufacturing complex in the Americas. The channel’s success is driven by robust energy production, crude oil exports, and significant global demand for chemicals. The port, supported by around 200 private companies along its 52-mile length, is the top U.S. port for waterborne tonnage. Port Houston is celebrating a landmark year, achieving a record-breaking 53,066,219 million tons of cargo in 2024, up 6% over 2023 at the public terminals. Container volume rose 8%.
Premier Global Business Hub, Vibrant Economy & Energy Capital of the World: Houston’s employment landscape is robust, anchored by major employers such as H-E-B, Houston Methodist, Memorial Hermann Health System, Walmart, and UT MD Anderson Cancer Center, each of which employs over 20,000 individuals. Additionally, companies like ExxonMobil, Kroger, and Shell Oil Co. employ between 10,000 and 19,999 people, highlighting the city’s diverse economic base. Downtown Houston serves as a vital hub for Fortune 500 companies, housing nine corporate headquarters, including Cheniere Energy and EOG Resources. Twenty-six companies headquartered in the Houston metro area are featured on the 2025 Fortune 500 list, placing Houston third in the nation behind New York (62) and Chicago (30), and ahead of Dallas-Fort Worth (21). Among the biggest movers from 2024 to 2025 are APA, rising from #455 to #422; KBR, from #507 to #480; and Group 1 Automotive, from #229 to #214. New to the list is Corebridge Financial, debuting at #224 after becoming fully independent from AIG in mid-2024.
Recognized as the Energy Capital of the World, Houston is the central hub for virtually all sectors of the energy industry, including exploration, production, transmission, marketing, supply, and technology. The city accounts for nearly a third of the nation’s jobs in oil and gas extraction, supported by a highly skilled workforce. This concentration has spurred significant population growth, with the region now home to 3 million workers and the highest number of engineers of any U.S. metropolitan area.
Located just five miles from the hotels, the Houston Energy Corridor stands as a critical economic engine for the city, encompassing over 300 companies and employing more than 94,000 individuals. As the second-largest employment center in the region, the corridor is home to more than 600 exploration and production firms, 1,100 oilfield service companies, and over 180 pipeline transportation establishments. Major companies with national or international headquarters in this district include BP America, ConocoPhillips, Citgo, and Equinor. The corridor’s economic impact resonates on both regional and global scales, attracting energy firms seeking relocation or expansion opportunities. Ongoing investments in infrastructure, green space development, and beautification projects, in partnership with local and state officials, further enhance the area’s appeal and bolster its vibrant economy.
Hilton & Marriott: A Legacy of Exceptional Brands: Courtyard by Marriott stands out with its modern, stylish design and spacious rooms that include flexible workspaces and high-speed internet, catering to both business and leisure travelers. The brand’s unique features include The Bistro, offering fresh dining options, and inviting outdoor spaces for relaxation, all complemented by attentive service and convenient locations in key business and leisure areas. Additionally, guests benefit from the Marriott Bonvoy loyalty program, providing rewards and exclusive perks.
Hampton Inn, a key member of the Hilton family, exemplifies exceptional hospitality with a strong focus on guest comfort and convenience. As part of Hilton, known for its prestigious Hilton Honors Rewards program and extensive upper midscale and upscale portfolio, Hampton Inn is distinguished by its commitment to offering complimentary breakfast, well-equipped fitness centers, refreshing pools, in-house convenience stores, business facilities, and pet-friendly rooms. By prioritizing guests, Hampton Inn serves both business and leisure travelers looking for dependable and comfortable stays.
Houston Set to Thrive with Major New Developments & Infrastructure: Houston has shown notable economic resilience and growth in 2024, adding 47,177 jobs despite a below trend employment growth of 1.4 percent for the year. Houston’s unemployment rate fell from 4.6 in November 2024 to 4.2 percent in December 2024. Houston’s energy industry continues to show strength. Texas oil production increased in October while retail fuel prices ticked up slightly at the beginning of 2025. Activity through the port of Houston grew in November thanks mainly to increased oil and gas exports. This robust performance is complemented by several significant projects, including the new Helix Park and the first phase of the Texas Medical Center’s 37-acre campus expansion. Over the next 5 years, the city’s economic landscape will be further enhanced by various developments. Arco Del Tiempo, a 100-foot-tall eco-friendly art installation, will be installed in Guadalupe Plaza Park (22.4 miles), providing power and a community gathering space. Additionally, the 4,700-acre Austin Point master-planned town will feature a mixed-use downtown area and 1824 central park (31.7 miles), while Autry Park in Montrose will improve urban connectivity with new apartments and commercial spaces (18.9 miles). BioHub II at Generation Park will bolster the life sciences sector (40 miles), and the East Blocks redevelopment in EaDo will create a vibrant 10-block mixed-use district (23.6 miles). Other projects include The Allen, a mixed-use development with a 35-story skyscraper (20.2 miles).
Houston’s economic and cultural influence is further supported by notable attractions and infrastructure. Ellington Field Joint Reserve Base employs approximately 2,715 people, including 1,873 active-duty military personnel (42 miles). According to the Comptroller’s office, the base and its associated personnel contributed at least $1.6 billion to the Texas economy in 2023. The George R. Brown Convention Center, one of the largest in the U.S., covers 1.9 million square feet and features extensive event spaces. With a $2 billion renovation, it bolsters downtown Houston’s prominence as a major hub for conventions and economic development, supporting the region’s growth (22.9 miles). Upcoming projects like Axiom Space’s $2 billion space station and Air Products’ $500 million hydrogen plant underscore Houston’s role as a leading center for industry, culture, and innovation (20 miles). Less than 25 miles from the Hotels, the city is also home to Space Center Houston, the Museum District with 19 museums, Hermann Park, the Houston Zoo, and the Miller Outdoor Theatre.
Institutionally Owned & Offered Below Replacement Cost: The Properties are currently owned and operated by a large out of state institutional ownership. Offered well below replacement cost, these institutional-quality assets represent an extraordinary value to the potential buyers. Buyers can capitalize on favorable market trends and take advantage of significant revenue enhancement potential, making these hotels highly attractive investments in a thriving market.
