Fairfield Inn & Suites Houston Energy Corridor/Katy Freeway

Highlights

• 80 rooms listed at below replacement cost
• Owner Absentee, Currently managed by 3rd party management
• Offered Unencumbered from Debt or Management Contracts
• Ideal opportunity for owner operators to ramp up revenue
• Partially Renovated in 2022
• Interior corridors
• Smoke-free property
• Near business HQ offices
• Close to downtown Houston & local attractions

Description

We are pleased to present the 80-key Fairfield Inn & Suites Houston Energy Corridor/Katy Freeway, listed exclusively with Tabani Realty. The limited-service hotel asset is located near the high-traffic Energy Corridor and 20 minutes from downtown Houston. The property benefits from its prime location at the intersection of Katy Freeway (I-10) and Highway 6. The Energy Corridor business district is dense with office buildings, a variety of restaurants, and shopping centers along the Katy Freeway.

The Houston Energy Corridor hotel offers 80 smoke-free rooms with interior corridors and has most recently been partially remodeled in 2022. The building has an overall living space of 36,942 SF across three floors. This Fairfield Inn & Suites sits on 1.766 acres of land that is also included in the sale.

The Fairfield Inn & Suites listed is located in Houston, Texas and 20 minutes from downtown. Houston is the largest city in Texas and the 4th largest city in the US with a population of 2.3 million people. The Houston Metro area is also the 5th largest metro area in the US consisting of a population of around 7 million people. The city is rapidly growing and so is the state of Texas since is was named the #1 fastest-growing state in 2022.

Houston's economy is known for energy, manufacturing, aeronautics, and transportation. The city is known for leading the industries in healthcare and for building oilfield equipment. Houston has the second-most Fortune 500 companies in the US after New York City. The city is home to the Texas Medical Center, the world's largest concentration of healthcare and research institutions. Houston is also where NASA's Johnson Space Center is, the home of the Mission Control Center. Houston is also home to four professional sports franchises: the National Basketball Association’s (NBA) Houston Rockets, Major
League Baseball’s (MLB) Houston Astros, National Football League’s (NFL) Houston Texans, and Major League Soccer’s (MLS)
Houston Dynamo.

Fairfield Inn & Suites Houston Energy Corridor/Katy Freeway is surrounded by many local attractions. The hotel is conveniently located off of Katy Freeway allowing guests easy access to Katy Mills mall, CITYCENTRE, Top Golf, and Typhoon Texas Waterpark. Houston Methodist West Hospital, Texas Children's Hospital, and offices for Shell and BP are also nearby.

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