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Candlewood Suites Houston Medical Center, an IHG Hotel

$10,000,000

80 Rooms

46,464 SF

Overview

Property Info

Contact Agent

  • Asking Price

  • # of Rooms

  • Stories

  • Building Size

$10,000,000
80 Rooms
46,464 SF
4

Charles Patawaran

Chief Executive Officer / Licensed Commercial Agent

(832) 899-4389

charles@gatsbyadvisors.com

  • Lot Size

61,498 SF

Property Description

Located at 10025 S Main St, Houston, TX 77025, this 80-unit hotel offers an exceptional investment opportunity in one of Houston's most desirable areas. The property spans 46,464 square feet on a 61,498-square-foot lot, providing a well-designed layout that combines comfort and convenience for guests. With a strong Net Operating Income (NOI) of $913,000, this property delivers excellent cash flow potential. Guests are drawn to the array of amenities, including high-speed Wi-Fi, an indoor pool and hot tub for relaxation, a well-equipped fitness center, and a fully functional business center catering to both leisure and corporate travelers. Complimentary breakfast and shuttle services add extra value to the guest experience, ensuring repeat business and high occupancy rates. Strategically positioned near key attractions and business hubs, this property is perfectly situated to capitalize on Houston’s thriving tourism and business markets. This offering represents a turnkey opportunity for investors seeking a stable, high-performing hospitality asset in a prime location.

Property Highlights

  • Prime location in one of Houston's most desirable areas--Medical Center and NRG Stadium--offering easy access to key attractions and business hubs

  • Generous property size, featuring 46,465 square feet of hotel space on a 61,498-square-foot lot

  • Value-added services such as complimentary breakfast and shuttle services, which contribute to high occupancy rates and repeat business

  • Wide array of guest amenities including high-speed Wi-Fi, indor pool, hot tub, fitness center, and a fully functional business center

Area Description

10025 S Main St, Houston, TX 77025, is situated in a primarily residential area with a mix of single-family homes and multifamily units. The neighborhood is characterized by its convenient location with easy access to the South Freeway (TX-288), giving residents a quick route to downtown Houston and the Texas Medical Center. Nearby, there are a variety of local amenities such as small shopping centers, dining options, and services catering to day-to-day needs. The area includes green spaces like local parks, and it's relatively close to the NRG Stadium complex, offering entertainment and sports events. The neighborhood has a blend of mature developments and newer constructions, appealing to a range of homebuyers and investors. It is a diverse area that reflects the broader cultural diversity of Houston, with community-focused initiatives and a collaborative neighborhood spirit.

Area Highlights

  • Shopping and Dining: Shopping and Dining: Surrounded by an array of shopping centers and dining establishments, providing residents with a variety of retail and culinary options.

  • Access to Major Highways: Easy access to the South Freeway (TX-288) and Loop 610, which provide quick commute times to various parts of Houston, including downtown.

  • Proximity to Texas Medical Center: Located just minutes from the Texas Medical Center, one of the largest and most renowned medical complexes in the world.

  • Nearby Recreation: Close to recreational amenities such as the NRG Stadium, home to the Houston Texans, and multiple parks including Hermann Park and the Houston Zoo.

  • Educational Institutions: Within a convenient distance to reputable educational institutions like Rice University, University of Houston, and Texas Southern University.

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