Holiday Inn Express & Suites Spring - Woodlands Area

21606 Spring Plaza Drive, Spring, TX 77388, US

Execute Confidentiality Agreement

THE OFFERING

HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 109-key Holiday Inn Express & Suites Spring - Woodlands Area, a 2020-built, strong-performing, limited-service hotel asset in Spring, Texas. The hotel offers investors immediate in-place cash flow and additional operational upside through active revenue management and operating efficiencies.

Houston North/Woodlands

Submarket

Value-add

Investment Type

109

Keys

2020

Year Built

$125.00

Average Daily Rate

76.0%

Occupancy

$95.00

RevPAR

$3,779,575

Room Revenue

$1,285,950

Net Operating Income

15 Years

Expected Franchise Term

8.4%

CAP Rate

Financials as of Projection (Year One Pro-Forma);2027

PROPERTY HIGHLIGHTS

Ideal Opportunity for an Experienced Operator

  • The 109-key property offers investors the opportunity to acquire a stabilized, well-maintained hospitality asset with a history of consistent operating performance and strong cash flow.

  • New ownership can benefit from immediate in-place cash flow while pursuing additional upside through active revenue management and operational efficiencies.

Strong-Performing Hotel with Consistent Cash Flow; $1.2 Million NOI Flow-Through

  • Per the trailing-twelve-month (TTM) June 2026 profit-and-loss (P&L) summary, the hotel generated approximately $3.70 million in total revenue, leading to approximately $1.20 million net operating income (NOI) flow-through.

  • The hotel has consistently produced more than $1.2 million in NOI (less reserves for replacement) in 2024, 2025, and the TTM June 2026 period, averaging approximately $1.28 million annually.

  • Rooms revenue increased from approximately $2.72 million in 2023 to $3.52 million in 2024 and reached approximately $3.58 million for the TTM June 2026 period, exceeding full-year 2025 rooms revenue by approximately 4.5% on a stabilized profile of 74.8% occupancy and approximately $120 average daily rate (ADR).

Increasing 2026 Revenue Trend with RevPAR Growth ​​​​​​​

  • Per the June 2026 STR report, the hotel’s YTD RevPAR increased 8.9% to $96.76, over the same period in 2025, driven by occupancy growth of 4.2% and ADR growth of 4.5%.

Recent-Vintage, High-Quality IHG-Branded Physical Product

  • The property was constructed roughly six years ago, having opened in November 2020, with a custom design scheme. Ownership has maintained the physical asset well; only a minor change-of-ownership property improvement plan (PIP) is anticipated.

  • The change-of-ownership PIP report has been ordered and will be uploaded to the virtual deal room (VDR) upon receipt.

  • IHG's April 2025 Quality Evaluation reported scores of 100.0% in Brand Safety Standards and Brand Standard Major Performance, with a score of 93.4% in the Rolling Six-Month Guest Love category and 96.1% in the Elite Cleanliness category.

Highly Sought-After Holiday Inn Express & Suites by IHG Franchise; New, 15-Year FLA Expected

  • The hotel qualifies for a new, 15-year franchise license agreement (FLA) with IHG at closing, subject to brand approval.

  • The combination of a leading IHG flag, recent-vintage physical product, and proven revenue base enhances the property's financing appeal and long-term exit ability.

Highly Desirable Spring/CityPlace Location near The Woodlands

  • The property is located in the Spring/Woodlands/CityPlace corridor north of Houston, a highly active North Houston submarket providing access to a deep demand base tied to corporate, energy, healthcare, and leisure activity.

  • The Woodlands is a 28,000-acre, master-planned community with more than 185,000 residents and over 1,700 businesses and corporations. CityPlace is a 2,000-acre, mixed-use development with over 14 million square feet of commercial office space; 750,000 square feet of retail, dining, and entertainment uses; and approximately 290 acres of parks and trails.

  • Major lodging demand generators in the area include ExxonMobil, Hewlett Packard Enterprise, Occidental Petroleum, Baker Hughes, Chevron Phillips Chemical Company, Huntsman, Halliburton, Memorial Hermann The Woodlands Hospital, The Woodlands Mall, and the Cynthia Woods Mitchell Pavilion.

  • Memorial Hermann The Woodlands Medical Center, the largest healthcare employer in Montgomery County with more than 2,600 employees, recently completed a $250-million campus expansion, supporting steady patient, family, and medical-vendor room-night demand.

Offered Below Estimated Replacement Cost

  • The offering provides the opportunity to acquire a recent-vintage, 2020-built asset well below estimated replacement cost, which exceeds $150,000 per key for comparable, new limited-service hotel construction in suburban Houston.

  • Elevated construction and financing costs continue to constrain new development, insulating the hotel's competitive positioning over a typical hold period.

Fully Unencumbered by Management

  • The hotel asset is being offered free and clear of management encumbrances, providing an investor with the flexibility to install its preferred management company or to self-operate the hotel upon approval by IHG.

MAP

CONTACT US

Investment Sales Contacts

Eric Guerrero

Senior Managing Director, Partner, Brokerage & Advisory
HVS
Houston
+1 (713) 955-0012
eguerrero@hvs.com

James Rebullida

Senior Vice President, Brokerage & Advisory
HVS
Houston
+1 (713) 955-5580
jrebullida@hvs.com