The Comfort Inn & Suites Southwest Freeway is a ±44,830 SF interior corridor hospitality asset situated on ±1.92 acres. Originally built in 1999 and recently reopened and converted to a Comfort Inn & Suites February 2018, this 100% smoke free Hotel recently underwent extensive capital improvements totaling approximately $2.2MM ($26k per key). Post renovations, current owner re-branded the hotel as a Comfort Inn and Suites buyer will get a long term license with Choice Hotels. The Hotel offers 82 well appointed guestrooms and is comprised of a mix of modern, spacious rooms, suites, and accessible rooms. Guestrooms come furnished with a microwave, refrigerator, an ergonomic work desk, premium bedding, and a flat-screen television with cable channels. Hotel amenities include free hot breakfast, free parking, premium free WiFi, an indoor and outdoor pool, meeting rooms, fitness center, business center, and dry cleaning services. Unencumbered by debt and management, this Hotel offers value add via performance improvement implemented by revamping the operational strategies and strategic cost control initiatives. The Property is currently absentee owner and managed allowing for owner/operators to focus on enhancing top line revenues while staying focused on operating efficiencies, thus achieving a stronger bottom line.
The Hotel is located in the Southwest Beltway 8 Sub-market in Houston within Harris County, Texas. The Comfort Inn & Suites Southwest Freeway is an affordable hotel superbly positioned near West Sam Houston Tollway and Interstate 69, with upward of 50,000 vehicles passing the location daily. The Property is poised to benefit from its location near several leisure, and corporate demand generators. Downtown Houston, a metropolis with something for everyone from shopping mavens to busy professionals, is just quick 20-minute drive and the hub of dining, shopping and industry. The Hotel is positioned near several leisure demand generators including Houston Funplex (6 miles), Farmington Drag-way (9 miles), NRG Stadium (13 miles) and Downtown Houston (20 minutes), Sugar Land Skeeters Ballpark, Sugar Land Town Square, Houston Galleria, and many more. Additionally, the Hotel benefits from the city's many key industries and corporate demand generators including engineering, medical, bio-science, oil & gas, manufacturing, and food companies within the Metroplex. For guests staying at the Hotel, the property is also convenient to local amenities and restaurants such as Mambo Seafood, Zoe's Kitchen, Saltgrass Steak House, House of Bowls, Catfish Station, Lims Kitchen, and Olive Garden. IHOP, Chick-fil-A and Golden Corral Buffet and Grill. The Property’s 2019 demographics show approximately ±478,589 individuals residing within a five-mile radius of the property and an average household income of ±$61,772. The immediate area surrounding the Hotel has experienced significant population growth within a 1-mile radius and from 2010-2019, there was ±12.14% growth with an anticipated ±5.94% growth from 2019-2024. In 2019, the total estimated specified consumer spending within a 5-mile radius of the Property accounts for ±$3,480,602,000 and there are ±17,066 businesses and ±171,189 employees.
