16884 Northwest Fwy - Hospitality FOR SALE


Houston, TX 77040
$6,000,000 USD
281-968-5019
16884 Northwest Fwy, Houston, TX for Sale
$6,000,000 USD
Hospitality - FOR SALE
1/19
null | 10.17% Cap Rate

16884 Northwest Fwy
Houston, TX 77040


HIGHLIGHTS

  • High barriers to entry — new competing supply is very difficult to build in Jersey Village.
  • Rate upside — the hotel runs an in-place ADR in the mid-$40s vs. a submarket ADR near $84. Room to nearly double rate through repositioning.
  • In-place cash flow — ~$1.79M room revenue and ~$928K NOI (52% margin) in 2024.
  • Location that sells itself — US-290 exposure, minutes from Houston Premium Outlets, Willowbrook, and the Berry Center
  • ~30 minutes to Bush Intercontinental Airport.
  • Solid fundamentals — 2.58 acres, 91 parking spaces, renovated in 2021, and outside the FEMA Special Flood Hazard Area.

OVERVIEW

Seth Equities is pleased to bring to market the Red Roof Inn Houston – Jersey Village, a franchised hotel with direct US-290 (Northwest Freeway) frontage — 119 total rooms with 114 rentable keys — offered at $6,000,000 ($52,632 per rentable key). This is a rare kind of hospitality asset: it sits inside the City of Jersey Village, one of the only municipalities in metro Houston with true zoning and a dedicated hotel code. New hotels here are tightly restricted — so an existing, operating, franchised 114-key hotel on a busy freeway is genuinely hard to replicate. That scarcity is the story. Why buyers should take a look: * High barriers to entry — new competing supply is very difficult to build in Jersey Village. * Rate upside — the hotel runs an in-place ADR in the mid-$40s vs. a submarket ADR near $84. Room to nearly double rate through repositioning. * In-place cash flow — ~$1.79M room revenue and ~$928K NOI (52% margin) in 2024. * Location that sells itself — US-290 exposure, minutes from Houston Premium Outlets, Willowbrook, the Berry Center, and ~30 minutes to Bush Intercontinental Airport. * Solid fundamentals — 2.58 acres, 91 parking spaces, renovated in 2021, and outside the FEMA Special Flood Hazard Area. 119 rooms (114 rentable keys) · $6M · 2.58 acres · US-290 frontage · built 1985 / renovated 2021

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$134 USD /SF

# OF ROOMS

114

PRICE/ROOM

$52,632 {currency}

CAP RATE

10.17%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Roof Inn Houston - Jersey Village

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1985

PARKING SPACES

91

LAND DETAILS

LAND ACRES

2.58 AC

LAND SF

112,211 SF

ZONING

-

APN/PARCEL ID

1164760000001

ASK ABOUT THIS PROPERTY

Rorik SethSeth EquitiesMore Info
281-968-5019

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Rorik SethSeth EquitiesMore Info
281-968-5019

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.