Hilton-Branded Extended-Stay
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.
Property Size53,872 SF
Days on Market41
Property Features for 1340 N Sam Houston Pkwy E # 64
General Information
Standard status
Active
Size
53,872 SF
Class
A
Property subtype
Other
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
53,872 SF
Year Built
2003
Year Renovated
2025
Units
64
Listing Agency:
Seth Equities
Listed By:
Rorik Seth · License #9015432
(281) 968-5019
Source:
Commercialcafe
Added: Jul 26
Changed: Aug 25
Last Checked: Sep 2 at 1:47PM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$287,418
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,748,360
$5.7M
Cap Rate 7%
$4,105,971
$4.1M
Cap Rate 9%
$3,193,533
$3.2M
Market Conditions
NOI Build-Up for 53,872 SF
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.
Gross rent
$775.8K $14.40/SF
− Vacancy
−$170.7K −$3.17/SF
EGI
$605.1K $11.23/SF
− OpEx
−$317.7K −$5.90/SF
NOI
$287.4K $5.34/SF
Area
Houston, TX
Vacancy
22.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,748,360
Cap Rate 7%
$4,105,971
Cap Rate 9%
$3,193,533
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
Property Profile
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).
