SpringHill Suites Houston Westchase

Investment Highlights

• $88,393 per key: less than half the ~$200,000-per-key median cost to build select-service product, a 56% discount to replacement cost.
• 10.5% cap rate on the hotel’s 2024 operating performance.
• Momentum: trailing-12 NOI is up 13.4% over 2025, and 2026 year-to-date RevPAR is up 8.5% with ADR up 5.1%.
• Lighter than expected PIP: no guestroom case goods replacement, and the technology and fire and life safety items are already completed.
• Under 4x Gross Revenue Multiplier, priced at 3.78 GRM.
• 15-year additional franchise term indicated on Marriott’s preliminary PIP.
• No management contract: delivered unencumbered, so you can bring your own operator.
• Westchase location at the Westpark Tollway and Beltway 8, a district of nearly 120 office buildings and more than 18 million square feet.
• Houston leads the nation in population growth, is forecast to reach a record 3.5 million jobs in 2026, and hosts 28 Fortune 500 headquarters.
• Houston tailwinds: #1 U.S. metro for population growth (+126,720 residents), a record 3.5 million jobs forecast for 2026, 27 Fortune 500 headquarters, the $2 billion George R. Brown Convention Center expansion and the 2028 Republican National Convention.

Location Summary

• Westchase, Houston, is known for being a major business district with a strong corporate presence, home to several Fortune 500 companies, including Chevron, Phillips 66, Halliburton, and BMC Software. The area attracts business travelers due to its proximity to Houston’s Energy Corridor and the Galleria area. It’s also recognized for its diverse dining scene, with a mix of international cuisines, particularly Asian and Latin American influences, thanks to its multicultural community. The hotel benefits from this prime location, drawing a steady flow of visitors, particularly business travelers and long-term corporate guests.
• With its convenient access to major corporations, conference centers, and corporate offices, the hotel serves as a reliable base for professionals and those looking to explore Houston. The area’s business activity and strategic positioning ensure a consistent level of visitors throughout the year.