INVESTMENT OVERVIEW
Marcus & Millichap is pleased to present the SpringHill Suites by Marriott Houston NASA/Webster (‘Hotel’ or ‘Property’), located at 1101 Magnolia Avenue in Webster, Texas. Built in 2008, the upscale Hotel features 121 suites across six stories on approximately 2 acres and is strategically positioned along the heavily trafficked Interstate 45 (Gulf Freeway) corridor. The select-service, Marriott-branded Hotel is offered at $14,000,000, or $115,702 per key.
The property features spacious all-suite accommodations designed to serve both business and leisure travelers, including separate living areas, mini-fridges, and microwaves, aligning with extended-stay and corporate travel preferences. The hotel offers a comprehensive amenity package including a business center, fitness center, pool, on-site bar, guest laundry, 116 parking spaces, and approximately 1,300 square feet of meeting space. Recent capital improvements include new televisions installed in all guestrooms, enhancing the guest experience while minimizing near-term capital expenditures.
The Property benefits from a highly strategic location within the Clear Lake / Webster submarket, surrounded by major aerospace, healthcare, and leisure demand generators. Key nearby employers include NASA Johnson Space Center, Boeing, and Lockheed Martin, which generate consistent corporate and extended-stay demand. Healthcare demand is supported by proximity to Houston Physicians’ Hospital, Clear Lake Regional Medical Center, and other nearby medical facilities. Additionally, the Property is located near major retail and entertainment destinations such as Baybrook Mall, Kemah Boardwalk, and Topgolf Webster, driving strong weekend and leisure occupancy. Webster is part of the greater Houston metropolitan area—one of the largest and most diverse economies in the United States—supported by energy, aerospace, healthcare, logistics, and technology sectors. The Clear Lake region, known as the “Aerospace Capital of the Southwest,” continues to benefit from population growth, infrastructure investment, and ongoing commercial development, positioning the Property for stable performance and long-term growth.
Houston Metro Economy: Diversified Growth Driven by Energy, Aerospace, and Healthcare: The Houston metropolitan economy is one of the most diversified and resilient in the nation, anchored by energy, aerospace, healthcare, and logistics sectors. The region is home to approximately 26 Fortune 500 companies, one of the largest concentrations in the United States, and generates an annual GDP exceeding $500 billion. Houston’s longstanding role as the “Energy Capital of the World” is complemented by continued expansion in healthcare and aerospace, particularly within the Clear Lake submarket. NASA’s Johnson Space Center alone contributes billions annually to the regional economy and supports a vast ecosystem of aerospace contractors and research institutions. The metropolitan area also continues to experience steady population growth, supported by a relatively low cost of living, high-paying jobs, and international migration. Supporting long-term economic stability, the region is home to a large and highly diverse population, with more than one million foreign-born residents contributing to a dynamic labor force. Continued job growth, population expansion, and corporate relocation activity position Houston for sustained economic momentum through 2025 and beyond.
Unmatched Connectivity and Airport Access Fueling Regional Growth: Houston benefits from extensive transportation infrastructure that enhances its position as a global hub. The metro is served by major interstate systems and two primary commercial airports: George Bush Intercontinental Airport (IAH) and William P. Hobby Airport (HOU), both of which provide extensive domestic and international connectivity. IAH serves as a major hub for United Airlines and continues to expand international service routes, reinforcing Houston’s global accessibility. The Property’s location within the Clear Lake/Webster corridor provides convenient access to both airports, as well as major employment centers, supporting strong corporate and transient lodging demand.
Corporate Strength and Aerospace Innovation Hub: The Clear Lake/Webster submarket is a nationally recognized hub for aerospace innovation, anchored by NASA’s Johnson Space Center and more than 50 aerospace-related companies. Major employers and contractors—including Boeing, Lockheed Martin, and emerging private aerospace firms—continue to drive employment and economic activity in the region. The nearby Houston Spaceport and ongoing developments such as Exploration Park are expected to further accelerate job growth and innovation in the aerospace sector. In addition to aerospace, the broader Houston market maintains a strong presence in energy, petrochemicals, and healthcare, creating a highly diversified economic base that supports long-term lodging demand.
Real Estate Market: Continued Expansion and Investment Momentum: The Houston real estate market continues to benefit from strong population growth and ongoing development activity. The region has consistently ranked among the most active markets for real estate development in North America, driven by favorable business conditions and continued corporate investment. Mixed-use developments, life sciences campuses, and urban infill projects are expanding across the metro, including major projects such as Levit Green and Autry Park. The combination of economic diversification, infrastructure investment, and population growth supports stable occupancy and long-term value appreciation across commercial real estate sectors, including hospitality.
Tourism and Lifestyle: A Major Driver of Regional Demand: The metro area offers a wide range of tourism and lifestyle amenities that support year-round visitation. Major attractions include the Houston Museum District, NRG Stadium, Toyota Center, and the Houston Theater District, one of the largest performing arts districts in the country. Annual events such as the Houston Livestock Show & Rodeo and Houston Marathon generate significant visitation and lodging demand. In the Clear Lake submarket, attractions such as Space Center Houston, Kemah Boardwalk, and Galveston Bay draw millions of visitors annually, reinforcing the area’s strong leisure appeal.
Education, Healthcare, and Long-Term Growth Drivers: Houston is a global leader in healthcare and education, anchored by the Texas Medical Center, the largest medical complex in the world with over 50 million square feet of medical and research space. The region also benefits from major universities including the University of Houston and Rice University, which contribute to workforce development and innovation. Ongoing investments in healthcare infrastructure, research campuses, and higher education institutions continue to support job creation and long-term demand for hospitality and commercial real estate throughout the metro.
