Comfort Suites Old Town Spring 323 Louetta Rd 62 Room Hotel Spring, TX 77373 $4,750,000 ($76,613/Room)

The Comfort Suites is located in Spring, TX, a growing suburb of the Houston area. Several major corporations such as ExxonMobil, Hewlett Packard (HP), and Union Pacific Railroad are headquartered in Spring, TX drawing corporate demand to the area. The business also benefits from leisure demand generators including Six Flags Hurricane Harbor (right next-door to the Comfort Suites) and Old Town Spring, a popular shopping and dining district nearby.

The Comfort Suites has convenient access to Interstate 45, a heavily traveled route connecting Houston with Dallas, and is a short 30-minute drive to downtown Houston. Houston is the second-fastest growing metro area in the U.S. and the fifth-largest metro area in the country, with a population over 7 million. In 2024, Houston welcomed over 54 million visitors marking a new record and surpassing pre-pandemic levels. This is a 6% increase from 2023 and a 10% increase from 2019. Houston's growing popularity as a business and leisure travel destination contributes to this growth. Houston is the most ethnically diverse city in the U.S. with a wide range of food and cultural offerings.

The current owner's PIP is complete, providing cost-savings for new ownership. Current ownership is absentee providing opportunity for improved profitability with hands-on management.

Interested buyers are invited to contact us if you have further interest in this opportunity, would like to visit the property, or submit an offer. All property visits are by appointment only. Please do not contact the hotel or speak with the staff.