- Receivership Sale: Court-supervised sale process managed by a neutral receiver, offering buyers clarity, operational oversight, and a defined closing framework.
- Potential Discount to Market Value: Distress, limited negotiation flexibility, and court timelines may create an opportunity to acquire the asset at a basis below replacement cost and comparable sales.
- Onsite Manager’s Quarters: Existing manager accommodations provide operational convenience, reduce labor complexity, and support on-site oversight during stabilization.
- Operational Flexibility: Ideal for an investor seeking a manageable, owner-operated property in a top-tier demand corridor with minimal capital exposure.
- Prime Medical District Location: Less than one mile from Texas Medical Center, Rice University, and MD Anderson Hospital, one of Houston’s most reliable lodging demand generators.
- Attractive Physical Plant: Two-story, 32-room limited-service hotel with 28,140 square feet of GBA on a 0.65-acre parcel; includes dedicated two-bedroom owner’s quarters.
- Diverse Demand Base: Close proximity to leading healthcare, education, and leisure attractions including Texas Medical Center, NRG Center, Hermann Park, and Houston Zoo.
- Climbing Submarket RevPAR: As of September, the 12-month average RevPAR in the Houston Medical Center/NRG Stadium Hotel Submarket increased by over 0.4 percent, indicating conservative growth and a lower-risk environment, boosting investor confidence in the asset and market.
INVESTMENT OVERVIEW
As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Rodeway Inn & Suites Houston Near Medical Center (‘Hotel’ or ‘Property’) located at 6712 Morningside Drive in Houston, Texas. The Choice Hotels International-branded Hotel is offered on a “Request for Offers” basis. The Property is being offered as a Receivership Sale, please reach out to the listing agent for more information.
This economy, limited-service Hotel consists of 32 guest rooms across two stories and is situated on a 0.65-acre parcel totaling approximately 28,140 square feet of gross building area. The Property offers essential guest amenities including a breakfast area, guest laundry facilities, and vending machines. The Hotel also features private on-site manager’s quarters, consisting of a dedicated two-bedroom living space ideal for owner-operator use or on-site staffing efficiency. All guest rooms are equipped with standard in-room conveniences, including a microwave, refrigerator, coffee maker, and flat-screen HDTV.
Strategically located less than one mile from Rice University, MD Anderson Hospital, and the Texas Medical Center, the Hotel represents a well-maintained hospitality asset in one of Houston’s highest demand lodging corridors. The Texas Medical Center alone comprises over 50 healthcare institutions and employs more than 100,000 people, generating robust, year-round demand from patients, families, visiting medical professionals, and researchers. Additional major cultural and institutional attractions near the Property include Houston Zoo, NRG Center, Houston Museum of Natural Science, Hermann Park, and Holocaust Museum Houston.
Recent hospitality performance trends reinforce stability in this location. As of September, the 12-month average RevPAR in the Houston Medical Ctr/NRG Stadium Hotel Submarket increased year over year, indicating conservative growth and a lower-risk environment, boosting investor confidence in the asset and market.
As the largest city in Texas and the fourth largest in the United States, Houston serves as a global hub for energy, healthcare, logistics, and aerospace innovation. Its position along the Gulf Coast and connection to major transportation arteries like Interstate 10, Interstate 45, and Highway 59 provides unmatched access to both domestic and international markets through the Port of Houston, one of the nation’s busiest ports. With a metropolitan population exceeding 7 million, the Greater Houston area continues to experience steady growth fueled by a diverse and resilient economy. Major employers such as ExxonMobil, Shell, Hewlett Packard Enterprise, Memorial Hermann Health System, MD Anderson Cancer Center, and United Airlines highlight Houston’s strength in sectors including energy, medical research, manufacturing, and aerospace. Education and research also play a pivotal role in the region’s vitality, with Rice University, the University of Houston, and the Texas Medical Center contributing to Houston’s status as one of the most educated and technologically advanced metros in the country. Moreover, the city’s pro-business environment, coupled with no state income tax, continues to attract companies and professionals alike.
