With over $2.2 million invested into the asset’s guestrooms and public spaces since 2015, the Property offers investors a strong base of in-place cash flow, recently benefiting from substantial capital improvements; however significant upside exists in continuing to grow RevPAR penetration and capture a larger share of the submarket’s rapidly increasing corporate and airport demand. The property has 182 guestrooms and was opened in 2002.
Holliday GP Corp. (“HFF”), a Texas licensed real estate broker, is pleased to offer the fee-simple interest in the 182-room Hilton Garden Inn Houston – Bush Intercontinental Airport (“Property” or “Hotel”), a recently renovated asset prominently located adjacent to the main entrance of George Bush Intercontinental Airport. The Hotel has completed over $2.2 million in capital improvements to its guestrooms and public spaces since 2015, providing immediate upside and minimal future capital needs for a new investor. With an increase of over 1 million passengers since 2014, George Bush Intercontinental Airport is poised for additional future growth with a $4-billion renovation on the horizon. The Property is being sold unencumbered of the current management agreement with Interstate Hotels & Resorts, providing complete operational flexibility to a new owner.