Hilton-Branded Extended-Stay
New
For Sale
$6,500,000
1340 N Sam Houston Pkwy E # 64, Houston, TX 77032
All-suite, Hilton-branded extended-stay hotel with fully equipped kitchens and direct access to Beltway 8.
Days on Market5
Property Features for 1340 N Sam Houston Pkwy E # 64
General Information
Standard status
Active
Property subtype
Other
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
53,872 SF
Year Built
2003
Listing Agency:
Seth Equities
(281) 968-5019
Listed By:
Rorik Seth · License #9015432
Source:
Commercialcafe
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 30 at 2:52AM
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 Seth Equities
Investment Insights
Based on property information with market context.
Seth Equities presents the Homewood Suites by Hilton Houston IAH Airport Beltway 8, a 64-key extended-stay hotel featuring an all-suite configuration. Suites include fully equipped kitchens and separate living spaces, designed for longer stays. The property operates under the Homewood Suites by Hilton flag and is positioned as a value-add asset with planned renovations tied to Hilton’s Property Improvement Plan, with renovation completion required by 2027.
The hotel is approximately five miles from IAH Airport and offers direct access to Sam Houston Parkway (Beltway 8). Beltway 8 connects to Interstate 45, the Hardy Toll Road, and major business districts across the Houston metro area.
Originally constructed in 2003, the property is currently operating with occupancy trending in the low-80% range, while ADR remains above $100, supporting a stable revenue profile. Year-to-date room revenue through April 2026 has generated approximately $600,000+.
The hotel is approximately five miles from IAH Airport and offers direct access to Sam Houston Parkway (Beltway 8). Beltway 8 connects to Interstate 45, the Hardy Toll Road, and major business districts across the Houston metro area.
Originally constructed in 2003, the property is currently operating with occupancy trending in the low-80% range, while ADR remains above $100, supporting a stable revenue profile. Year-to-date room revenue through April 2026 has generated approximately $600,000+.
Key Highlights
- 64‑key, all‑suite Homewood Suites by Hilton Houston IAH Airport Beltway 8 (built in 2003).
- Each suite includes a fully equipped kitchen and separate living spaces for extended‑stay and corporate travelers.
- Approximately five miles from IAH Airport with direct access to Sam Houston Parkway (Beltway 8).
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $775.8k | $14.40 |
| − Vacancy | −$170.7k | −$3.17 |
| EGI | $605.1k | $11.23 |
| − OpEx | −$317.7k | −$5.90 |
| NOI | $287.4k | $5.34 |
53,872 SF · lease $14.40/SF/yr · vacancy 22.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$4.11M
$3.59M – $4.79M
NOI $287,418 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.85M
$12.12M – $16.16M
NOI $969,696 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,526
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 - All-suite, Hilton-branded extended-stay hotel with fully equipped kitchens and direct access to Beltway 8.
Where is this hotel located?
The property is located at 1340 N Sam Houston Pkwy E # 64 Houston, TX.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 64‑key, all‑suite Homewood Suites by Hilton Houston IAH Airport Beltway 8 (built in 2003).; Each suite includes a fully equipped kitchen and separate living spaces for extended‑stay and corporate travelers.; Approximately five miles from IAH Airport with direct access to Sam Houston Parkway (Beltway 8).
