Strong Market Fundamentals and Improving Performance

• The hotel’s ten-year average rooms revenue from 2014 to 2023 equates to $878,919.

• Per the December 2023 STR report, year-end room-night revenue for the hotel and the competitive set increased by 5.7% and 9.6%, respectively, over the levels attained in 2022, signaling steady market demand and potential revenue-growth opportunities.

• In 2023, the hotel generated $845,997 in revenue, reflecting a 6.0% increase over the amount earned in 2022.

Discount to Replacement Cost

• This opportunity presents an investor with the ability to acquire the property at a price well below replacement cost at $66,667 per key.

Limited Hotel Construction in the Area

• Only three new hotels have been added to Seabrook since 2010, creating a market environment with reduced competition.

  • SpringHill Suites by Marriott Houston NASA/Seabrook – October 2010

  • Hampton Inn Houston NASA – Johnson Space Center – July 2017

  • Holiday Inn Express & Suites Houston NASA – Kemah Boardwalk Area – July 2019

Ideal Opportunity for an Experienced Owner/Operator

• The 60-key count is considered optimal for an experienced owner/operator aiming to maximize efficiency and revenue; moreover, property upgrades in 2023, as well as ongoing capital improvements, are positive factors.

• Per the January 2024 STR Report, the hotel ranked fourth out of six competitive hotels in terms of occupancy, which shows significant room for improvement.

Choice Hotels International Franchise

• The hotel has received many accolades signifying an exceptional level of guest satisfaction within its brand, including:

  • Gold Award – Choice Hotels International (2020, 2021, and 2023)

  • ​​​​​​​Platinum Award – Choice Hotels International (2024)

• Upon completion of the change-of-ownership PIP, an investor can expect a new, long-term franchise license agreement with Choice Hotels International.

Excellent Location Among Attractive Guest Amenities and Demand Generators

• The property is within three miles of the 60-acre Kemah Boardwalk outdoor theme park. The Boardwalk is home to more than ten restaurants, a collection of rides and roller coasters, carnival games, retail shops, and a 400-slip marina. The numerous dining, retail, and entertainment options are positive attributes for both business and transient guests. Additional leisure demand generators include the NASA Johnson Space Center and nearby areas of water that provide opportunities for outdoor water-related activities, such as swimming, diving, boating, jet skiing, and fishing.

• Corporate demand generators in the area include the University of Houston-Clear Lake campus, Arkema, Honeywell, Celanese, Bayer, DuPont, LyondellBasell, Good Year, and ExxonMobil, as well as the Bayport Industrial District and the Port of Houston.