• Holiday Inn Houston Downtown   

CBRE Hotels;

CBRE Hotels presents the fee-simple interest for the 213-room Holiday Inn Houston Downtown in Houston, Texas. This urban core asset has an unbeatable location on a hard corner on Main Street in the CBD. In addition to the 17-story hotel tower, the 7,205 sq ft of vacant land with Main Street Frontage and a 5-story, 214 space parking garage can be purchased at additional price with the hotel. Should all three parcels are acquired together, this will give the purchaser control to half of the city block in Downtown Houston and many redevelopment options. Please discuss with Broker for details.

The property is located in front of the light rail line connecting to the Texas Medical Center and NRG Stadium (home of NFL’s Houston Texans and Houston Livestock Show and Rodeo), and blocks from the Toyota Center (home of the NBA’s Houston Rockets) and the 1.8 million square foot George R. Brown Convention Center. The hotel was opened in January 2016, following a complete renovation.

The hotel includes a ground floor restaurant with a full kitchen including a hood and grease trap, 1,250 sq. ft. of dedicated meeting space, a fitness center, and provides guests with complimentary METRO passes. The hotel’s mix of guestrooms is heavily weighted with King guestrooms and suites to better accommodate corporate guests and includes some Queen Queen and Double Doubles to accommodate families. Corporate guests are drawn to the hotel by the many corporate offices in the area including 49 Fortune 1000 companies, the second highest concentration in the U.S. (49) behind New York (72).

Investment Highlights

  • Unique opportunity to acquire an under-performing 213-room Holiday Inn in the middle of Downtown Houston, at a fraction of the replacement cost.
  • Current Holiday Inn license ends in December 2025. There is potential to upgrade the hotel into more desirable brands afterwards. Please contact Broker for details.
  • Hotel is connected to Houston Medical Center and NRG Stadium, home of the Houston Texans football team via the light rail in the front of hotel. Therefore, the Holiday Inn is uniquely positioned to serve all three of the top performing hotel sub-markets in Houston.
  • Hotel is located in opportunity zone. There is potential to realize significant tax benefit for redevelopment of the subject property. Please consult your tax advisor for details.
  • In the past decade (2010-2020), Houston Texas, the fifth largest metro in the US, has experienced the second highest population growth in the country gaining over 1.2 million residents. In the next five years (2020-2025), Houston is projected to gain another 600,000 in population, which is the highest in the country.​​​​​​​
  • Thanks to its mix of cultural amenities, world-class restaurants, diverse communities and a low cost of living, Houston has become one of the youngest, fastest-growing, and most diverse cities in the nation. As a thriving international city, Houston’s ties stretch to all corners of the world. The region’s geographic location makes it easy to move both goods and people around the globe. Houston is the headquarters for 22 fortune 500 companies and only New York City is home to more, according to the Greater Houston Partnership. The city is also home to 62 of the world’s 100 largest foreign corporations.

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