Hyatt Place Houston North 300 United Leuva Cir 126 Room Hotel Houston, TX 77060 $9,300,000 ($73,810/Room) 9.14% Cap Rate

Hyatt Place Houston North
126-Room | Hyatt-Branded | IAH Airport Corridor
300 Ronan Park Place | Houston, Texas 77060
Seth Equities is pleased to exclusively present the Hyatt Place Houston North, a 126-room, six-story, Hyatt-branded upscale select-service hotel strategically located within the George Bush Intercontinental Airport (IAH) submarket of Houston, Texas.
Positioned just minutes from IAH and directly accessible to Beltway 8 (Sam Houston Tollway) and US-59/I-69, the Property benefits from strong airport-related demand, corporate travel, and regional accessibility across the North Houston business corridor.
Originally constructed in 1997 and renovated in 2017, the Property has recently undergone additional guestroom and exterior refreshes as part of the Hyatt Property Improvement Plan (PIP) program, enhancing brand compliance, competitive positioning, and long-term capital stability.
Investment Highlights
Sole Hyatt-Branded Asset in the IAH Submarket
The former Hyatt Regency Houston Intercontinental Airport was recently rebranded to Sonesta, leaving Hyatt Place Houston North as the only Hyatt-branded hotel within the entire IAH corridor. This creates meaningful brand exclusivity and loyalty-driven demand capture within the submarket.
Proven Revenue Performance with Upside
2022 Room Revenue: ~$2.17M
2023 Room Revenue: ~$2.01M
2024 Room Revenue: ~$2.45M (+21.6% YoY)
2025 Room Revenue: ~$2.1M
The Property has demonstrated strong topline recovery momentum while presenting a clear opportunity to improve ADR penetration within the competitive set. Historical STR positioning reflects solid occupancy capture with ADR under-indexing — a classic operational value-add profile.
Strategic Airport & Corporate Location
~12 minutes to George Bush Intercontinental Airport (IAH)
Immediate access to Beltway 8 and US-59/I-69
Proximity to Greenspoint Business District, North Houston District, and Spring corporate campuses
Connectivity to Downtown Houston and The Woodlands
The airport corridor remains a critical lodging node supported by transient travelers, airline crews, and corporate demand.
Efficient Select-Service Operating Model
126 all-suite guestrooms
6 stories | ~76,956 SF
1,035 SF meeting space
~3.93-acre site
Surface parking (approximately 150 spaces)
Interior corridor construction
The Hyatt Place prototype supports strong GOP margins relative to full-service product within the submarket.
Value-Add Opportunity
With recent PIP-driven capital improvements completed, near-term renovation exposure is limited. A new owner may focus on operational enhancements including:
ADR optimization and comp-set repositioning
Revenue management strategy refinement
Market share capture as airport demand stabilizes
Labor and expense efficiencies to improve GOP flow-through
The combination of brand exclusivity, refreshed physical product, demonstrated revenue growth, and ADR upside positions the asset as an execution-driven value-add investment within a major U.S. airport market.
Houston Market Overview
Houston is the fourth-largest city in the United States and a global hub for energy, healthcare, aerospace, logistics, and international trade. The IAH corridor serves as a primary gateway for domestic and international travel, supporting steady lodging demand across multiple segments.
Offering
Hyatt Place Houston North represents a rare opportunity to acquire a recently refreshed, institutional-quality Hyatt asset in a high-barrier airport submarket with identifiable performance upside.
For additional information, please contact Seth Equities.
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