Homewood Suites By Hilton Houston NW at Beltway 8 in Houston, TX Listed for Sale

HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 125-key Homewood Suites by Hilton Houston NW at Beltway 8, a highly coveted extended-stay hotel located in Northwest Houston. A new investor will have the rare opportunity to acquire a Hilton-branded, extended-stay hotel asset in the fourth largest city in the United States, with the ability to restructure the hotel’s operations to improve both top- and bottom-line cash flows

Highly Coveted, Newer Construction, 125-Key, Extended-Stay Hotel Asset

• The 125-key count and the 2018 construction are considered favorable characteristics for an investor. Post renovation, new ownership will be presented with a blank slate to ramp up operations and the ability to increase both revenues and NOI flow-through.

Operated by Third-Party Management Company

• The hotel is currently operated by a third-party management company, with a full staff in place. Great upside exists for new management to restructure the hotel’s operations and implement cost controls.

Market Leader and Increasing Demand Trend

• The hotel experienced a strong increase in operating performance in 2024, and continued growth is expected this year with the hotel anticipated to achieve over $4.3 million in rooms revenue and $1,590,000 (rounded) in NOI flow-through—the strongest performance recorded since opening.

• Since 2021, the hotel has outperformed and consistently dominated its competitive set, having registered an annual average RevPAR penetration index of 140.0%.

• Per the December 2024 STR report, the Houston Northwest Freeway hotel submarket experienced a 4.5% increase in demand and a 13.7% increase in revenue in 2024.

• Based upon HVS’s pro-forma projections, stabilized rooms revenue is anticipated to surpass $4.5 million, with an NOI flow-through of $1,650,000 (rounded).

Strong Extended-Stay Base Business

• The hotel’s dominant performance in 2024 was due primarily to a strong 16.2% increase in occupancy, with 57.1% of the total guestrooms being occupied by extended-stay guests.

• Top corporate accounts in 2024 included CSI Companies, Caterpillar Inc., Patterson UTI Drilling Company, Vanguard Field Strategies, CLC Lodging, and ALE Solutions.

Well-Maintained, High-Quality Physical Product at a Discount to Replacement Cost

• The property was built with premium finishes, featuring above-standard Homewood Suites by Hilton prototype design elements, which will allow for higher-than-market rates as demand continues to improve.

• This opportunity presents an investor the ability to acquire the property at a price well below replacement cost. To construct a similar limited-service, extended-stay hotel asset with comparable amenities, the estimated all-in investment would be a minimum of $200,000 per key.

15-Year Homewood Suites by Hilton Franchise License Agreement Expected

• Upon approval from the franchisor and completion of the brand-mandated change-of-ownership property improvement plan (PIP), an investor can expect a new, 15-year license agreement with Hilton.

Excellent Location Among Strong Demand Generators, Near Millions of Square Feet of Industrial and Business Parks

• The property benefits from excellent visibility along the Beltway 8 frontage road, near Fallbrook drive. Beltway 8, a major thoroughfare in Houston, accommodates thousands of cars daily.

• The hotel is strategically situated near millions of square feet of industrial and business parks, including the Amazon Distribution Center (365,380 sq. ft.) and the Home Depot Distribution Center (657,600 sq. ft.).

• Corporate demand generators in the area include the Windfern Business Park, Sam Houston Business Park, Prologis Beltway Antoine Business Park, Amazon Distribution Center, Grand National Business Park, Houston Methodist Willowbrook Hospital, and Kindred Hospital Houston Northwest.

• Leisure demand generators in the area include the Sam Houston Race Park, Willowbrook Mall, Vintage Park Shopping Center, Kickerillo-Mischer Preserve, GameTime Houston, and K1 Speed Indoor Go Karts.

• Sam Houston Race Park is located within two miles of the property. The park hosts both Thoroughbred and American Quarter Horse racing each year (20,000 capacity), along with other music festivals and concerts.

Fully Unencumbered by Management

Growing Northwest Houston Industrial and Business Park Submarket

• Northwest Houston, particularly along Beltway 8, is home to many industrial and business parks.

• A few key developments, representing almost 900,000 square feet of space, are currently underway:

  • Mosielee Commerce Park (429,698 sq. ft.)

  • Alliance Industrial Distribution Center (185,000 sq. ft.)

  • Constellation Rosslyn Industrial Project (284,960 sq. ft.)

For inquiries please visit here to execute the Confidentiality Agreement.