Red Roof PLUS+ Houston - Energy Corridor 15701 Park Ten Pl Services hôteliers 120 chambres 4 817 915 € (40 149 €/Chambre) Houston, TX 77084

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors Red Roof PLUS+ Houston - Energy Corridor (‘Hotel’ or ‘Property’) located in Houston, Texas. The Red Roof Inn-branded Hotel is being offered at $5,488,000 or $45,733 per key.
The Red Roof PLUS+ Houston - Energy Corridor is a 120-room, three-story Hotel stationed at 15701 Park Ten Place in Houston, Texas, just off Interstate 10 which averages nearly 200,000 vehicles per day. Highway 6 is 1/2 miles from the hotel, which offers another significant stream of traffic for the property to capture, in addition to Interstate 10. The front facing lot also allows maximum exposure, as the building is not blocked or offset in any way. Various common area amenities at the Property include a breakfast area, fitness center, guest laundry facility, and vending machines.
In 2024, the hotel experienced a 12.1 percent year-over-year increase in room revenue, building on a 7.7 percent annual increase in 2023. This sustained growth enhances the property's cash flow potential and contributes to a higher property valuation at disposition. The hotel also achieved an 80 percent occupancy penetration and a 99 percent average daily rate (ADR) penetration in 2024. With effective strategic management and targeted marketing initiatives, a prospective investor could further strengthen the property's occupancy market share, ultimately driving improved financial performance and returns.
Houston is known for its thriving industrial sector with companies and industrial complexes dispersed throughout the region, with the largest density being found in the Energy Corridor, the location of the property sits and is centrally located. The Energy Corridor in West Houston contains over 26 million square feet of office space and houses headquarters and regional offices for energy companies such as BP America, Shell Oil, McDermott International, Worley Parsons, and CITGO Petroleum. The area boasts an employment capacity of over 105,000 and is bordered by over 26,000 acres of urban park area, including George Bush Park and Bear Creek Pioneers Park. Additionally, room night generators such as Houston Methodist West Hospital and TopGolf are located less than a mile from the Hotel.
In Deer Park, Shell Deer Park Refining Company is a joint venture between Shell Oil Company and Pemex Refining, while Dow Chemical Company produces a wide range of chemical products. Moreover, Pasadena, Texas, is another major industrial district in the Houston metropolitan area, with companies like Chevron Philips Chemical Company and Lyondell Basell Industries, both of which manufacture and store a host of chemical products. Another part of the Houston MSA industrial sector is in Texas City, which has complexes for Marathon Petroleum Refinery and BP Texas City Chemicals. ExxonMobil Chemical Company also has a large presence in Houston, with multiple manufacturing facilities producing a range of products, including plastics, rubber, and other chemicals. The Port of Houston also serves as a major hub for shipping goods and is one of the largest ports in the United States.
The Hotel is surrounded by sought-after attractions such as Memorial City Mall, Katy Mills, and Top Golf. Within a 10-mile radius, Memorial City Mall and Katy Mills offer diverse options with numerous shops, dining spots, and activities for guests. Additionally, Topgolf, situated less than a mile from the Property, serves as an enjoyable destination specifically tailored for active visitors seeking entertainment. The Hotel is also conveniently situated 8.8 miles from HCA Houston Healthcare West and 8.3 miles from Memorial Hermann Memorial City Medical Center. Business visitors can travel through two regional international airports: The George Bush Intercontinental Airport and Hobby Airport, which saw over five million international and domestic passengers in March 2019. The low daily rates the hotel is currently charging separates itself from the neighboring competitors, but also the bordering markets both East & West- where rates climb significantly. Additionally, all the medical hubs (MD Anderson, Texas Children's West Campus, Houston Methodist) mentioned, are only 1 exit away from the property.