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Hotel For Sale • 50,545 SF
Ideally located near Sugar Land, proximate to all regional demand including Schlumberger Headquarters, Accredo Packaging, Minute Maid Headquarters, Atrium Medical Center, UTMB Health, Rice University Hobby Airport, and NRG Stadium. Property is readily accessible via Interstate 69 with upwards of 230,000 vehicles passing the location daily Extended stay economy product is widely revered as recession proof and remains a favorite investment sector amidst private and public investors Extended stay market grossly outperformed other lodging sectors amidst the COVID recovery and is ideally positioned for future growth High margin business model is optimal for any forward economic contraction given limited labor requirements with no sales department or food and beverage offering Ideal time to be investing in Houston with an MSA population of ~7.5MM residents, the second highest number of Fortune 500 headquarters within the US, and a highly favorable tax climate, which has made it one of the fastest growing MSAs in the US for two consecutive decades
| Fee-simple interest in the 80-room Candlewood Suites Houston NE Houston/Stafford TX |
| Property recently underwent a comprehensive Candlewood Suites conversion renovation, with current ownership investing approximately $2.34MM |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| William P Hobby | 35 min | - | 22.1 mi |
| George Bush Intcntl/Houston | 46 min | - | 36.6 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 86 |
| Type: | Surface |
| Included in Rent: | Yes |
Jacki Bubis
Paramount Lodging Advisors
Jacki Bubis
Paramount Lodging Advisors
