150 Wagon Pt Dr 74 Houston, TX 77090-2821

This fee-simple, 73-key Hampton Inn & Suites by Hilton Houston – Cypress Station presents a compelling value-add opportunity. Located in Houston, Texas (77090), this 51,318 square foot, three-story hotel sits on a 1.94-acre lot and was built in 2000, undergoing a significant $2.5 million renovation from 2021-2023. The property boasts an attractive asking price of $5,000,000 ($97.43/sq ft) and offers a motivated seller. A minimal change-of-ownership property improvement plan (PIP) is anticipated. The hotel's strategic location near major employers like Exxon and HP, along with leisure attractions and George Bush Intercontinental Airport (IAH), provides strong demand generators. Despite recent renovations, the hotel's current operational efficiency is below potential, presenting significant upside for a new operator. Projections indicate a stabilized 2026 Net Operating Income (NOI) exceeding $509,000 and rooms revenue exceeding $1.65 million. The trailing twelve-month (TTM) rooms revenue shows a 6% increase, highlighting the potential for market share growth. This acquisition offers a price well below replacement cost, with a new franchise agreement available for nearly a decade. The property is offered free and clear of management encumbrances, allowing for flexible operational strategies. Financial statements are available upon request. The property's APN is 1197450010001.