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Comfort Suites Hobby Airport Houston - Availability Details

9120 Airport Blvd, Houston, TX 77061

  • For Sale $4,800,000
  • City Houston
  • Neighborhood Greater Hobby Area
  • Zip Code 77061
  • Market Houston
  • Property Type Other
  • Property Size 39,394 Sqft
  • Lot Size 1.33 Acre
  • Parking Spaces Avail. 68
  • Property Tenancy Single Tenant
  • Year Built 2008
  • Year Renovated 2018
  • Date Updated 30 May, 2021
Comfort Suites is located in south Houston, in the southwest quadrant of the intersection formed by Airport Boulevard and Mosley Road
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Location

  • City Houston, TX
  • Neighborhood Greater Hobby Area
  • Zip Code 77061
  • Market Houston

Contacts

broker

Rav Singh, CCIM

Singh Commercial Group

(210) 696-9996

Highlights

  • The owner is absentee and does not have a Sales Manager in place. The property has strong upside potential for a new owner that can drive sales even further with a dedicated Sales Manager and can manage costs more efficiently than under previous management
  • The hotel is very easy to operate and ideal size for an Owner-Operator
  • The hotel is in a great condition however will require a full PIP. Considering the hotel is already doing a high occupancy, the PIP will allow the new buyer to greatly increase the hotels ADR and hence Profitability
  • This 59-room hotel offers the chance to acquire an opportunistic asset within the coveted Houston MSA at a price well below replacement cost
  • The recent uptick in the rate of vaccination distribution is a promising sign for the return of travel. Historically, 6 in 10 hotel rooms sold in Houston were filled with business and convention travelers, and the rest were leisure visitors. Hobby airport is 10 minutes from the hotel
  • Hobby airport is a choice for many business travelers because of its proximity to downtown Houston and the availability of low-cost flights to many United States destinations. It is a key airport in Southwest Airlines’ route system

Attachments

Contact Listing Broker

broker

Rav Singh, CCIM

Singh Commercial Group

(210) 696-9996

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