Listed by Seth Equities
$6,000,000
Red Roof Inn Houston - Jersey Village
Details
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 44,616
Keys 114
Occupancy 59.4%
Brand/Tenant Red Roof Inn
Year Built 1985
Year Renovated 2021
Stories 2
Acreage 2.580
Parking Spaces 91 spaces
Parking per 1,000 SqFt 2.04
Red Roof Inn Jersey Village Houston MSA | High Barrier to Entry
Marketing description
Seth Equities is pleased to present the opportunity to acquire the Red Roof Inn Houston – Jersey Village, a 114-room, exterior-corridor economy hotel strategically positioned along the heavily traveled Northwest Freeway / US-290 corridor in Northwest Houston. The property sits on approximately 2.58 acres and benefits from exceptional freeway visibility, strong vehicular access, and proximity to one of Houston’s most active suburban commercial and residential corridors.
Originally built in 1985 and renovated in 2021, the hotel is currently operated as a Red Roof Inn franchise and remains open and operational. The property features 114 guestrooms, two stories, approximately 44,616 SF of gross building area, exterior corridors, surface parking, public Wi-Fi, high-speed internet access, and a smoke-free environment.
The Red Roof Inn Houston – Jersey Village offers investors a rare opportunity to acquire a branded economy hotel in a high-traffic Houston location with meaningful demand drivers throughout Northwest Houston, Jersey Village, Cypress-Fairbanks, and the broader Houston MSA. The property’s positioning along US-290 provides access to corporate, construction, logistics, healthcare, leisure, extended-stay, and value-oriented transient demand.
The Red Roof Inn Houston – Jersey Village is located in the Houston Northwest submarket, within Harris County and the broader Houston-The Woodlands-Sugar Land MSA. The property benefits from a suburban/urban infill location with immediate access to US-290, one of Houston’s major transportation corridors.
The surrounding area includes a mix of residential neighborhoods, retail centers, service businesses, medical offices, industrial users, logistics facilities, restaurants, and other commercial demand generators. Its location near Jersey Village and Northwest Houston positions the hotel to capture a diverse mix of transient, workforce, corporate, project-based, and value-oriented lodging demand.
Investment highlights
- 114-Room Branded Economy Hotel in Northwest Houston: The property consists of 114 rooms operating under the Red Roof Inn flag, a nationally recognized economy brand. The hotel serves value-conscious travelers seeking affordable lodging with convenient access to Northwest Houston, Jersey Village, Beltway 8, US-290, and surrounding commercial nodes.
- Strategic US-290 / Northwest Freeway Location: Located at 16884 Northwest Fwy, the hotel benefits from immediate proximity to the Northwest Freeway corridor, one of the primary arteries connecting Houston’s urban core with Jersey Village, Cypress, and the rapidly growing northwest suburbs. Traffic counts near the property are significant, with the CoStar report showing approximately 196,458 vehicles per day on Northwest Freeway HOV near Old FM 529 Road and approximately 178,998 vehicles per day near W. Little York Road.
- Renovated in 2021: The asset was originally constructed in 1985 and underwent renovations in 2021, giving a new investor the opportunity to build upon recent capital improvements while pursuing operational upside, revenue management improvements, and additional value-add initiatives.
- Large 2.58-Acre Site: The hotel sits on approximately 2.58 acres, totaling approximately 112,211 SF of land, with a low building FAR of approximately 0.40. The site provides ample frontage, parking, circulation, and long-term optionality for ownership.
- Strong Demographic Base Within Three Miles: The surrounding area provides a meaningful local demand base, with approximately 83,211 residents, 30,710 households, and 72,225 daytime employees within a three-mile radius. The three-mile median household income is reported at approximately $82,337, while population and household growth are projected to exceed 5% from 2025 to 2030.
- Accessible to Major Houston Airports: The hotel is accessible to both major Houston airports, located approximately 23.5 miles / 29 minutes from George Bush Intercontinental Airport and approximately 32.1 miles / 48 minutes from William P. Hobby Airport. This provides access to both regional and airport-related lodging demand.
- Northwest Houston Submarket Lodging Fundamentals: According to the CoStar report, the Houston Northwest hotel submarket recorded approximately 59.4% occupancy, $83.89 ADR, and $49.84 RevPAR over the referenced 12-month period. These figures provide a benchmark for prospective investors evaluating the property’s current and future positioning within the competitive set.
- Potential Operational Upside: The offering provides a compelling opportunity for an experienced hotel owner/operator to pursue upside through hands-on management, revenue management, expense controls, digital marketing, OTA optimization, local account development, and potential brand strategy evaluation subject to franchise terms.
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Listed by Seth Equities
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