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