Red Roof Inn &
For Sale
Contact for pricing
9902 Gulf Fwy, Houston, TX 77034
136-key hotel near Hobby Airport with strong revenue.
Property SizeContact for details
Days on Market1273
Property Features for 9902 Gulf Fwy
General Information
Standard status
Active
Property subtype
Hospitality
Investment Type
Redevelopment
Net Operating Income
$500,000
Building Details
Year Built
1984
Year Renovated
2006
Buildings
2
Stories
3
Listing Agency:
Seth Equities
(281) 968-5019
Listed By:
Rorik Seth · License #TX 9015432
Source:
Crexi
Added: Mar 8, 2023
Changed: Aug 24
Last Checked: Aug 31 at 10:30AM
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.
The 136-key Red Roof Inn & Suites near Hobby Airport is available for purchase. The property benefits from multiple revenue streams, including hotel revenue, lease income, and restaurant lease income. The current owner has invested over $600,000 in capital expenditures to renovate the property, including rooms, bathrooms, FF&E, the parking lot, and interior paint. A potential conversion opportunity exists to transform the asset into a dual brand (HomeTowne Studios & Red Roof) to capture additional long-term stays in the Hobby sub-market. Currently, 36 units feature kitchenettes and demonstrate strong occupancy numbers. The property could also be converted to Multi-Family, subject to the City of Houston's entitlement process. Market rents within a 3-mile radius are approximately $859, according to CoStar. The property has approximately 178 parking spaces, meeting the parking requirement. Remaining capital expenditures for Multi-Family conversion would include installing kitchens in the remaining rooms and having the rooms sprinklered.
Key Highlights
- Strong in‑place revenue and NOI with multiple revenue streams.
- Over $600k in recent CapEx renovations to rooms, bathrooms, FF&E, parking lot, and interior paint.
- Conversion opportunity to a dual‑brand hotel to capture extended stays.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,020
Businesses Nearby
Explore this area
Business Placement
Demographics for 77034, TX
38,186
Population
14,188
Households
2.7
Avg Household Size
31
Median Age
13%
College-Educated
70%
High-School Grad
14.2 sq mi
ZIP Area
2,689
Density / Sq Mi
$59,516
Median Household Income
$35,127
Median Earnings
$1,178
Median Rent
$178,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - 136-key hotel near Hobby Airport with strong revenue.
Where is this hotel located?
The property is located at 9902 Gulf Fwy Houston, TX.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: Strong in‑place revenue and NOI with multiple revenue streams.; Over $600k in recent CapEx renovations to rooms, bathrooms, FF&E, parking lot, and interior paint.; Conversion opportunity to a dual‑brand hotel to capture extended stays.
