CBRE Hotels is soliciting offers to acquire the fee-simple interest in the Fairfield Inn & Suites Houston Humble. Located off Interstate Highway 69, the Hotel is in proximity to an array of golf courses, distribution centers, corporate offices, medical centers, restaurants, shops, and entertainment area. Thanks to this prime location, the Fairfield Inn & Suites receives business from a diverse population of both corporate and leisure travelers.
- Fairfield Inn & Suites - Opportunity to acquire a 62-room, three-story, interior corridor Fairfield Inn & Suites by Marriott that sits on a 1.22-acre lot in Houston Humble, Texas.
- Prime Location - The hotel is located along the Interstate 69 corridor, highly visible from the expressway. The property is also less than a ten-minute drive from the George Bush Intercontinental Airport.
- Increasing Revenue Trend - The Fairfield Inn & Suites has demonstrated an upward revenue trend in 2023. The hotel’s room revenue in the first seven months of 2023 exceeded the same period in 2022 by 15%.
- Management Upside - The hotel will be offered unencumbered by management, positioning significant upside potential for a more hands-on owner operator to improve hotel’s overall performance through more efficient revenue management and reduction in operational expenses.
- Diverse Demand Drivers - The hotel’s location in Humble offers convenient access to various major demand generators, including the Deerbrook Mall, Jesse Jones Nature Center, Sam Houston Race Park, The Humble Civic Center Arena, The Lone Star College, and Lake Houston.
- 2nd Fastest Growing Metro In the U.S. - Houston is the second fastest growing major metro area in the U.S. and the fifth most populated metro in the nation. The region’s population now stands at 7.34 million, seeing its largest population increase in the past six years.
- Houston Ranks No. 5 among U.S. metro market where people are moving - Houston made the biggest jump to rank No. 5 on a list of the top U.S. destinations where people are relocating. The city surpassed Austin, Dallas, and all other major Southwestern markets on the list.
For inquiries visit here.