713-955-0012
218 Promenade Way, Sugar Land, TX for Sale
Hospitality - FOR SALE
1/19
null | Request Cap Rate

218 Promenade Way
Sugar Land, TX 77478
Telfair


HIGHLIGHTS

  • This hotel is the one of the premier lodging choices in Sugar Land, built with custom amenities tailored to both the leisure and corporate segments.
  • 3,290 sq ft of meeting space & full-service bar capability; 3,500 sq ft of office space, with a designated elevator separate from the guest elevator.
  • For the trailing-twelve-month (TTM) period through April 2025, the hotel’s rooms revenue amounted to $3,030,000 (rounded).
  • If the hotel were to capture its fair share of market demand, at a RevPAR index of 100%, it would be able to generate over $3.5M in rooms revenue.
  • An investor can expect a new, long-term franchise license agreement with Hilton upon completion of the brand-mandated change-of-ownership PIP.
  • The property is favorably located near many dining, retail, & entertainment options, a positive attribute for both business & transient guests.

OVERVIEW

For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=152804 HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 122-key Hampton Inn & Suites Houston Sugar Land, a limited-service hotel asset in Sugar Land, Texas. A more “hands on” investor will have the ability to realize the significant upside of owning a recently built asset with further operating potential for a price well below replacement cost. CALL-FOR-OFFER DATE: WEDNESDAY, JULY 2, 2025, BY 5:00 PM CDT??????? Interested and qualified investors are required to perform due diligence prior to submitting their offer, including the financial analysis and due-diligence review in the virtual deal room (VDR). All purchasers are strongly encouraged to tour the property prior to bid submission. After the initial offer deadline, the top purchasers will be invited to submit a second offer in a best-and-final round. All offers will be evaluated and either accepted or rejected at the discretion of the seller. PROPERTY TOUR DATES All purchasers will be required to tour the property prior to submitting an offer. We will be hosting property tours on the dates noted below. If you are interested in touring, please contact James Rebullida at jrebullida@hvs.com, or +1 (832) 692-8665, to book an appointment. Tuesday, June 17 and Wednesday, June 18 Tuesday, June 24 and Wednesday, June 25

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

122

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hampton Inn & Suites Houston Sugar Land

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

6

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.38 AC

LAND SF

103,673 SF

ZONING

F1

APN/PARCEL ID

0032-00-000-0293-907

ASK ABOUT THIS PROPERTY

713-955-0012

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713-955-0012

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