• TownePlace Suites Houston Brookhollow   

CBRE Hotels;

CBRE Hotels is soliciting offers to acquire the fee-simple interest in the TownePlace Suites Houston Brookhollow. The hotel is situated off Interstate 610 and U.S. Highway 290, just a ten-minute drive from The Galleria, Texas’ largest shopping center and seventh largest domain nationally. In addition, the property is proximate to a high concentration of both corporate and leisure demand generators, including Memorial Hermann Greater Heights Hospital, Williams Tower, River Oaks District, and Karbach Brewing Company.

Investment Highlights

  • TownePlace Suites - Opportunity to acquire an 85-room, three-story, interior corridor, TownePlace Suites by Marriott that sits on 2.15 acres of land in Brookhollow, northwest of Houston, Texas.
  • ​​​​​​​​​​​​​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 Brookhollow offers convenient access to various major demand generators such as oil, gas, and energy companies, hospitals, shopping malls, restaurants, retail, and entertainment areas. Specifically, the property is less than 2 miles from Memorial Hermann Greater Heights Hospital and Karbach Brewing Co., 5.4 miles from River Oaks District, and 6 miles from the Galleria and the Williams Tower.
  • Prime Location - The hotel is located along the Highway 290-Interstate 610 corridor, highly visible from the expressway.
  • 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.

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