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SpringHill Suites Houston The Woodlands – Image Credit CBRE
CBRE Hotels, as sole and exclusive agent of the owner, has been engaged to offer for sale the fee simple interest in the 138-room SpringHill Suites Houston The Woodlands. Located off Interstate 45, the Hotel is 35 minutes from downtown Houston and inside The Woodlands area, within a short distance to The Woodlands Mall, Cynthia Woods Mitchell Paviliony, and an extensive complex of 120 parks and 140 miles of hiking trails, and more than 20 golf courses. This offering presents a unique opportunity to acquire a high-quality institutional asset with stable in-place cash flow and operational flexibility, located in The Woodlands, Texas, an affluent and highly sought-after Master-Planned Community embodying one of the country’s premier live-work-play destinations.
- Institutionally-Owned and Managed Asset, Fee-Simple Real Estate – The SpringHill Suites, constructed in 2011 by the current owner, boasts 138 spacious suites with various features, including a separate living room, a sofa bed, a coffee/tea maker, a mini fridge, and a well-lit work area. The Property’s prime location and upgraded features present a unique opportunity for a new owner to acquire a high-quality, premium-branded lodging property situated on a 3.7-acre lot in The Woodlands. As one of America’s premier Master-Planned Communities, The Woodlands consistently attracts substantial investments and promises long-term growth potential.
- Prime Location: Perfectly Placed Among Six Major Hospitals – The SpringHill Suites is located less than 4 miles from six prominent medical centers in the area, including Houston Methodist The Woodlands Hospital, St. Luke’s Health Hospital (The Woodlands Hospital and Lakeside Hospital), Memorial Hermann The Woodlands Medical Center, MD Anderson The Woodlands, and Texas Children’s Hospital. These six hospitals have transformed the area with $1 billion in development projects over the last five years.
- Strong In-Place and Forecast Performance – The Hotel recorded impressive cash flow in 2023, with $1.1M of NOI. The positive momentum continued in 2024, with the Hotel’s 2024 year-end NOI at $1.6M. Over the last twelve months, the SpringHill Suites achieved RevPAR of $95, far surpassing the topline performance of comparable upper upscale hotels in its submarket. With a refreshed product following the completion of the PIP and limited new supply in the pipeline, the SpringHill Suites is poised to strengthen its market presence by capitalizing on robust corporate, group, and leisure demand. Additionally, the rapid development in the area will further amplify demand, driving top-line performance to new heights.
- Premium Brand Advantage – This offering presents a unique opportunity to acquire a premium branded hotel bolstered by Marriott’s award-winning guest loyalty program Marriott Bonvoy, with more than 177 million members globally.
- High Barrier to Entry Market – The Woodlands is a 28,000-acre Master-Planned Community known for its business-friendly environment, tax advantages, and extensive amenities, making it a top destination for corporate relocations. The SpringHill Suites presents an exceptional opportunity for a new owner to acquire a high-quality branded lodging property at a significant discount to replacement cost. Nestled in a supply-constrained submarket of one of the fastest-growing major markets in the U.S., this Property is positioned to benefit from the dynamic growth and investment pouring into The Woodlands.
- 2nd Fastest Growing Metro in the U.S. – With more than 7.5 million residents, the Houston metropolitan area continues to be one of the fastest growing metros in the nation. It took Houston 140 years to gain its first one million people and only nine years to gain its most recent million. By 2029, the market is projected to surpass 8 million people
For inquiries visit CBRE.
