Red Roof Inn & Suites Hobby Airport

9902 Gulf Fwy, Houston, TX, 77034

Deal Room

As the exclusive representative of the Seller, Seth Equities is pleased to present for sale the 131-key Red Roof Inn & Suites near Hobby Airport. Ownership has spent over $600k in CapEx in the last two years to fully renovate the rooms with new FF&E, paint, refinishing bathrooms and adding kitchenettes in about 36 Rooms.
The Red Roof Inn & Suites Hobby Airport presents a unique opportunity for an investor to take advantage of the strong in-place revenue and NOI. The TTM Revenue (Nov 2023) for the property was approximately $1.425M with a NOI exceeding $500k.
Owner Operator Opportunity Fantastic opportunity for a strong operator to further lean out expenses to boost NOI.
Value Add Potential The latest STR report indicates that the property has more room to raise TTM ADR by another $3-5 based on the comp set, which will in turn boost the top line revenue as well as RevPar pen. index.

Southwest Airlines Hub: Houston Hobby Airport is a significant hub for Southwest Airlines, with numerous domestic flights connecting to various destinations across the United States. Southwest has a strong presence at this airport.
International Flights: While primarily a domestic airport, Hobby has expanded its international offerings. It accommodates some international flights, particularly to destinations in Mexico and the Caribbean.
Terminal Expansion: The airport has undergone terminal expansions and improvements in recent years to enhance passenger experience and accommodate the increasing number of travelers.
Convenience to Downtown Houston: Located about 7 miles southeast of downtown Houston, Hobby Airport provides a convenient option for travelers heading to and from the city center.

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