300 United Leuva Cir - Hospitality FOR SALE


Houston, TX 77060- Greater Greenspoint
$9,300,000 USD
281-968-5019
300 United Leuva Cir, Houston, TX for Sale
$9,300,000 USD
Hospitality - FOR SALE
1/21
null | 9.14% Cap Rate

300 United Leuva Cir
Houston, TX 77060
Greater Greenspoint


HIGHLIGHTS

  • 126-room, Hyatt Place hotel located in Houston’s IAH airport corridor
  • Sole Hyatt-branded asset in the entire IAH submarket following recent Regency rebranding
  • Recently refreshed guestrooms & exterior (Hyatt PIP program)
  • Strong 2024 revenue growth: Room Revenue up 21.6% YoY
  • Proven occupancy capture with ADR upside opportunity (operational value-add)
  • Institutional-quality select-service asset in a major U.S. airport market

OVERVIEW

Hyatt Place Houston North 126-Room | Hyatt-Branded | IAH Airport Corridor 300 Ronan Park Place | Houston, Texas 77060 Seth Equities is pleased to exclusively present the Hyatt Place Houston North, a 126-room, six-story, Hyatt-branded upscale select-service hotel strategically located within the George Bush Intercontinental Airport (IAH) submarket of Houston, Texas. Positioned just minutes from IAH and directly accessible to Beltway 8 (Sam Houston Tollway) and US-59/I-69, the Property benefits from strong airport-related demand, corporate travel, and regional accessibility across the North Houston business corridor. Originally constructed in 1997 and renovated in 2017, the Property has recently undergone additional guestroom and exterior refreshes as part of the Hyatt Property Improvement Plan (PIP) program, enhancing brand compliance, competitive positioning, and long-term capital stability. Investment Highlights Sole Hyatt-Branded Asset in the IAH Submarket The former Hyatt Regency Houston Intercontinental Airport was recently rebranded to Sonesta, leaving Hyatt Place Houston North as the only Hyatt-branded hotel within the entire IAH corridor. This creates meaningful brand exclusivity and loyalty-driven demand capture within the submarket. Proven Revenue Performance with Upside 2022 Room Revenue: ~$2.17M 2023 Room Revenue: ~$2.01M 2024 Room Revenue: ~$2.45M (+21.6% YoY) 2025 Room Revenue: ~$2.1M The Property has demonstrated strong topline recovery momentum while presenting a clear opportunity to improve ADR penetration within the competitive set. Historical STR positioning reflects solid occupancy capture with ADR under-indexing — a classic operational value-add profile. Strategic Airport & Corporate Location ~12 minutes to George Bush Intercontinental Airport (IAH) Immediate access to Beltway 8 and US-59/I-69 Proximity to Greenspoint Business District, North Houston District, and Spring corporate campuses Connectivity to Downtown Houston and The Woodlands The airport corridor remains a critical lodging node supported by transient travelers, airline crews, and corporate demand. Efficient Select-Service Operating Model 126 all-suite guestrooms 6 stories | ~76,956 SF 1,035 SF meeting space ~3.93-acre site Surface parking (approximately 150 spaces) Interior corridor construction The Hyatt Place prototype supports strong GOP margins relative to full-service product within the submarket. Value-Add Opportunity With recent PIP-driven capital improvements completed, near-term renovation exposure is limited. A new owner may focus on operational enhancements including: ADR optimization and comp-set repositioning Revenue management strategy refinement Market share capture as airport demand stabilizes Labor and expense efficiencies to improve GOP flow-through The combination of brand exclusivity, refreshed physical product, demonstrated revenue growth, and ADR upside positions the asset as an execution-driven value-add investment within a major U.S. airport market. Houston Market Overview Houston is the fourth-largest city in the United States and a global hub for energy, healthcare, aerospace, logistics, and international trade. The IAH corridor serves as a primary gateway for domestic and international travel, supporting steady lodging demand across multiple segments. Offering Hyatt Place Houston North represents a rare opportunity to acquire a recently refreshed, institutional-quality Hyatt asset in a high-barrier airport submarket with identifiable performance upside. For additional information, please contact Seth Equities. Deal Room & Property Page links can be found below.

FOR SALE DETAILS

PRICE

$9,300,000 USD

PRICE/SF

$121 USD /SF

# OF ROOMS

126

PRICE/ROOM

$73,810 {currency}

CAP RATE

9.14%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hyatt Place Houston North

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

6

ROOM ENTRANCE

Interior

BUILDING CLASS

-

YEAR BUILT

1997

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.93 AC

LAND SF

171,204 SF

ZONING

General Commercial

APN/PARCEL ID

1145840000007

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.