10650 Huffmeister Rd
Houston, TX 77065
Days Inn & Suites by Wyndham Houston NW · Hospitality Property For Sale · 34,764 SF

On-Site Living Quarters - The Property has a 600 square foot on-site living quarters with a kitchen and separate living/sleeping areas, making this an ideal investment opportunity for an owner/operator. The living quarters is apart of the 62 keys, so if the living quarters is utilized, there are 61 rentable keys at the Property. Stabilized Asset - The Hotel is currently owner-operated. Between the partial year of 2017 and YTD Oct 2018, the Hotel’s NOI flow-through margin averaged 44%, including 3% management fees and 4% FF&E reserves. The 44% margin shows that the hotel is profitable despite the volatility of the Houston market in recent years. - Based on the STR report, the Hotel experienced a 13.4% RevPAR increase as of YTD Oct 2018, compared to the same period last year, driven primarily by a 30.4% increase in demand. Well-Maintained, High-Quality Physical Product with Insignificant PIP Expected - Ownership has maintained the Property extremely well. Opened in 2017, the property is in excellent physical condition. An insignificant change-of-ownership PIP is expected and based on current pricing guidance, the Property can be purchased below replacement cost. - There are approximately 13 years remaining on the franchise agreement. This presents a new owner/operator with the opportunity to operate a property long term. Excellent Location Among Strong Corporate and Leisure Demand Generators - The Property is strategically located off Highway 290 and Huffmeister Road, proximate to numerous dining and retail options, which are a positive benefit for transient guests. Available dining options nearby the center include: Starbucks, Goode Company BBQ, Carl’s BBQ, and Jack in the Box. Corporate demand generators in the area include the 175-bed North Cypress Medical Center, Weiser Air Park, McKesson Medical-Surgical, Wyman-Gordon, RTIC Coolers, Stress Engineering Services, Enerflex Energy Systems, Siemens Energy, Gyrodata Inc., Northwest Lake Business Park, and Aberdeen Business Park. - Leisure demand generators in the area include the Sterling Country Club, Richard E. Berry Center, Houston Premium Outlets, Cypress Towne Center, and the Sam Houston Race Park.