Sheraton Near Houston
For Sale
Contact for pricing
15700 John F. Kennedy Boulevard, Houston, TX 77032
419-room Sheraton near George Bush Intercontinental Airport (IAH).
Days on Market248
Property Features for 15700 John F. Kennedy Boulevard
General Information
Standard status
Active
Property subtype
Receivership Sale
Listing Agency:
(646) 425-5632
Listed By:
Joseph Cuomo · License #FL #SL3614391
Source:
Alchemyrea
Added: Nov 25, 2025
Changed: Jul 6
Last Checked: Jul 30 at 4:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Joseph Cuomo
Investment Insights
Based on property information with market context.
The fee simple interest in the 419-room Sheraton North Houston at George Bush Intercontinental Airport (IAH) is available for purchase. The property is offered unencumbered by management and debt, at a discount to replacement cost. A long-term licensing agreement with Marriott allows for maintaining the Sheraton brand. The property was transferred to special servicing in November 2020, and a receiver was appointed in April 2021. Transitioning the asset out of receiver control and completing the Property Improvement Plan (PIP) is expected to improve RevPAR penetration. The competitive set has averaged annual RevPAR gains of 17% over the past two years. Houston is the global energy capital, home to over 4,600 energy companies engaged in traditional oil and gas and the growing renewable energy sector. The broader Houston MSA is expected to see growth in this sector. Houston has a population of more than 7.5 million people, ranking it as the fifth-largest MSA and the second-fastest-growing metropolitan area in the United States. The Houston Bush Airport corridor is undergoing over $4 billion in renovations and modernization aimed at increasing passenger capacity and expanding travel routes. Houston will directly benefit from the simultaneous closures of the Austin and Dallas convention centers in 2025, leaving both markets without competitive convention facilities through 2029.
Key Highlights
- Offered at a substantial discount to replacement cost, unencumbered by management and debt.
- Strong operational upside in transitioning the asset out of receiver control.
- Ability to maintain the Sheraton brand through a long‑term licensing agreement with Marriott.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 77032, TX
13,497
Population
4,843
Households
2.8
Avg Household Size
29
Median Age
8%
College-Educated
64%
High-School Grad
23.1 sq mi
ZIP Area
584
Density / Sq Mi
$36,731
Median Household Income
$30,574
Median Earnings
$1,148
Median Rent
$122,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - 419-room Sheraton near George Bush Intercontinental Airport (IAH).
Where is this hotel located?
The property is located at 15700 John F. Kennedy Boulevard Houston, TX.
What are key features of this property?
This property features: Offered at a substantial discount to replacement cost, unencumbered by management and debt.; Strong operational upside in transitioning the asset out of receiver control.; Ability to maintain the Sheraton brand through a long‑term licensing agreement with Marriott.
