2400 W Sam Houston Pky S - Hospitality FOR SALE


Houston, TX 77042- Briar Forest
$7,000,000 USD
281-968-5019
2400 W Sam Houston Pky S, Houston, TX for Sale
$7,000,000 USD
Hospitality - FOR SALE
1/43
null | Request Cap Rate

2400 W Sam Houston Pky S
Houston, TX 77042
Briar Forest


HIGHLIGHTS

  • Fully Renovated, Turnkey Marriott Asset
  • Premier Marriott Flag
  • Outperforming Its Competitive Set
  • Renovation-Driven Recovery Momentum
  • Compelling Basis Below Replacement Cost

OVERVIEW

Seth Equities is pleased to exclusively present the fee-simple sale of the Fairfield Inn & Suites Houston Westchase, an 80-key, fully renovated Marriott-branded select-service hotel located at 2400 W Sam Houston Parkway S in Houston, Texas. The Property is offered at $7,000,000, or $87,500 per key, and represents a compelling opportunity to acquire a turnkey Marriott asset in the Westchase District, one of West Houston’s most established lodging and corporate demand corridors. Investment Highlights Fully Renovated, Turnkey Marriott Asset The Property has completed an approximately $1.0 million renovation, equating to roughly $12,800 per key. The work modernized the exterior, signage, technology, public areas, recreation facilities, and guestrooms. The asset is fully renovated to Marriott Fairfield brand standard, providing investors with a clean, turnkey acquisition opportunity and no looming PIP. Premier Marriott Flag The Fairfield by Marriott affiliation provides access to one of the strongest reservation, distribution, and loyalty ecosystems in the hospitality industry. Marriott Bonvoy, Marriott.com, and Marriott’s brand platform continue to support strong guest capture across corporate, leisure, and project-based demand segments. Outperforming Its Competitive Set The hotel currently maintains a trailing-twelve-month RevPAR index of 104.7 and occupancy index of 104.3 versus its STR competitive set. This indicates that the Property is already capturing more than its fair share of market demand, supported by its renovated condition, Marriott affiliation, and strong location. Renovation-Driven Recovery Momentum The Property is showing clear signs of post-renovation recovery. March 2026 occupancy reached 71.9%, while March 2026 RevPAR increased 47.7% year-over-year. Year-to-date 2026 RevPAR is also up 39.7%, demonstrating meaningful momentum as the renovated product continues to stabilize. Embedded ADR Upside The hotel’s trailing-twelve-month ADR is approximately $76, which remains meaningfully below the approximately $106 upper-midscale submarket ADR. This roughly 28% gap creates a clear opportunity for a new owner to implement brand-aligned revenue management and continue pushing rate as the renovated asset gains traction. Compelling Basis Below Replacement Cost At $87,500 per key, the offering is priced well below the estimated cost to develop a comparable branded select-service hotel today. The asking price reflects an attractive basis for a renovated Marriott asset with demonstrated comp-set outperformance and additional upside through stabilization. Strategic West Houston Location The Property benefits from Beltway 8 frontage in the Westchase District, adjacent to the Energy Corridor. The location provides convenient access to major demand generators including Westchase office users, the Energy Corridor, CityCentre, Memorial City, the Galleria/Uptown, Downtown Houston, and the Texas Medical Center. Diversified Demand Base West Houston benefits from a diverse mix of corporate, energy, medical, retail, dining, and leisure demand. The Property is well-positioned to serve weekday corporate and project-based travelers, as well as weekend and leisure guests visiting Houston’s major retail, medical, and entertainment nodes. Illustrative Stabilized Yield Based on an illustrative stabilized NOI of approximately $624,000, the $7.0 million asking price implies an approximately 8.9% stabilized cap rate. This provides investors with a clear value proposition: acquire a renovated Marriott asset below replacement cost, improve revenue management, close the ADR gap, and benefit from continued recovery. Offering Summary Property: Fairfield Inn & Suites Houston Westchase Address: 2400 W Sam Houston Parkway S, Houston, TX 77042 Keys: 80 Brand: Fairfield by Marriott Asking Price: $7,000,000 Price Per Key: $87,500 Renovation: Approximately $1.0 million completed T12 RevPAR Index: 104.7 March 2026 RevPAR Growth: +47.7% year-over-year Offering: Fee-simple, delivered free and clear of existing financing Operator: Owner-operated; deliverable open to a new operator This offering presents a rare opportunity to acquire a fully renovated Marriott-branded hotel in a major Texas metro at a compelling basis, with demonstrated performance recovery and meaningful upside remaining through ADR growth and operational stabilization. For additional information, access to the confidential offering memorandum, or to schedule a property tour, please contact: Rorik Seth Principal & Managing Broker Seth Equities Direct: (281) 968-5019 Email: [rorik@sethequities.com] Website: [www.sethequities.com] Exclusively Offered by Seth Equities Real Relationships. Real Value.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$185 USD /SF

# OF ROOMS

80

PRICE/ROOM

$87,500 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fairfield Inn & Suites Houston Westchase

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1997

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,598 SF

ZONING

F1

APN/PARCEL ID

6000000719421

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.