18530-249 Houston TX 77070-4535

PROPERTY HIGHLIGHTS

• 133 interior corridor rooms (7 already converted to assisted living)

• Full-service infrastructure: commercial kitchen, bar/lounge, indoor pool

• Two meeting rooms, back patio, and 9,000 SF convention center

• Includes additional 2.5-acre parcel of land for expansion or complementary development

• Directly across from HCA Houston Healthcare Northwest Hospital

• Ideal for assisted living, senior housing, or behavioral health redevelopment

INVESTMENT OVERVIEW
This 133-room Holiday Inn, situated in the heart of Willowbrook, offers a unique opportunity for adaptive reuse into an assisted living facility. With 7 units already converted, the property provides a head start for redevelopment.

The existing 9,000 SF convention center can be repurposed as communal dining, rehabilitation, or memory care space. The commercial kitchen and bar offer scalable food service infrastructure. The additional 2.5-acre land parcel provides flexibility for future medical offices, expanded units, or outdoor amenities.

MARKET DEMAND & DEMOGRAPHICS

• Rapidly Growing Senior Population: Harris County's population of individuals aged 60 and over is projected to increase by 49% from 2014 to 2025, reaching nearly 890,000 residents.

• High Demand for Assisted Living: The greater Houston area hosts over 450 licensed assisted living communities with the capacity to house more than 16,500 people. However, demand continues to outpace supply, driven by both the aging local population and an influx of older adults relocating from other regions.

• Strategic Location: Located directly across from HCA Houston Healthcare Northwest Hospital, the property offers unparalleled access to medical services, enhancing its appeal for senior residents and healthcare providers.

COST-EFFECTIVE CONVERSION

• Significant Savings Over New Construction: Constructing a new assisted living facility can cost between $200 to $400 per square foot, translating to $6 million to $12 million for a 30,000 SF facility. In contrast, renovating an existing building like this Holiday Inn can range from $500,000 to $1.5 million, depending on the scope of work.

• Accelerated Time to Market: With existing infrastructure and some units already converted, the property allows for a faster transition to operational status compared to ground-up construction.

AREA REVITALIZATION & GROWTH

• Ongoing Community Development: The Willowbrook area is experiencing significant revitalization efforts, including the addition of nearly 20 new restaurants and businesses at Willowbrook Plaza and Willowbrook Mall. A $20 million expansion project is also planned along FM 1960 to improve mobility and infrastructure.

KEY VALUE DRIVERS

• Prime hospital-adjacent location in a growing Houston submarket

• Large, adaptable footprint with supportive infrastructure already in place

• Conversion feasibility enhanced by existing room layout, amenities, and 7-unit prototype

• Strong long-term demand drivers: aging population, healthcare proximity, expanding residential base​

Don't miss this unique opportunity to reposition a well-located hospitality asset into a high-demand senior housing or healthcare facility.