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 Market86
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: Oct 12
Last Checked: Oct 19 at 4:10AM
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
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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 / Yr
$287,418
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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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).
