Comfort Suites Old Town Spring - Spring, TX
About This Property
- 62 rooms, 3 Story, Interior Corridors, Built in 2008
- Trailing 12 Months Revenue Over $1.4M (3.5X Revenue Multiplier)
- Great Location in Growing Houston Area Suburb Near Multiple Corporate and Leisure Demand Generators
- Corporate Headquarters for ExxonMobil, Hewlett Packard (HP), and Union Pacific Railroad All Nearby
- Next-door to Six Flags Hurricane Harbor Water Park and Nearby Popular Old Town Spring Shopping & Dining District
- Seller's PIP Completed
- Absentee Ownership
The Comfort Suites is located in Spring, TX, a growing suburb of the Houston area. Several major corporations such as ExxonMobil, Hewlett Packard (HP), and Union Pacific Railroad are headquartered in Spring, TX drawing corporate demand to the area. The business also benefits from leisure demand generators including Six Flags Hurricane Harbor (right next-door to the Comfort Suites) and Old Town Spring, a popular shopping and dining district nearby.
The Comfort Suites has convenient access to Interstate 45, a heavily traveled route connecting Houston with Dallas, and is a short 30-minute drive to downtown Houston. Houston is the second-fastest growing metro area in the U.S. and the fifth-largest metro area in the country, with a population over 7 million. In 2024, Houston welcomed over 54 million visitors marking a new record and surpassing pre-pandemic levels. This is a 6% increase from 2023 and a 10% increase from 2019. Houston's growing popularity as a business and leisure travel destination contributes to this growth. Houston is the most ethnically diverse city in the U.S. with a wide range of food and cultural offerings.
The current owner's PIP is complete, providing cost-savings for new ownership. Current ownership is absentee providing opportunity for improved profitability with hands-on management.
Interested buyers are invited to contact us if you have further interest in this opportunity, would like to visit the property, or submit an offer. All property visits are by appointment only. Please do not contact the hotel or speak with the staff..
This agreement (“Agreement”) is between Amber Hotel Company (“Amber”) and the undersigned party (“Buyer”) who is interested in buying investment real estate.
The investment real estate is exclusively listed for sale with Amber. Amber shall provide Buyer with related confidential information, subject to the terms and conditions of this Agreement.
By checking the below box and viewing this property, you agree that:
- The related confidential information is provided for the sole purpose of having a Buyer evaluate the purchase of the property for itself or its affiliates. Buyer and its affiliates shall keep the related information confidential, and not reproduce, distribute or disclose such information to third parties, except to the extent third party consultants, lenders, or other agents of Buyer are required, in which case such third parties will be held to the same confidentiality standards as Buyer. Amber shall not be responsible for the accuracy or completeness of the information provided, or for any loss or expense, whether direct or indirect, arising from Buyer’s or Buyer’s affiliate’s use and reliance on the information.
- The undersigned principal or any company or entity in which the undersigned principal has controlling interest, including real estate brokerage companies, shall not be paid any form of commission or fee by the owner of the property for the purchase of the property.
- All offers and purchase agreements for the property from Buyer or its affiliates shall be submitted through Amber. Buyer shall not contact the owner of the property directly or act either directly, indirectly, through any third parties including affiliates, clients or other brokers to circumvent the purpose of this Agreement. Amber may solicit, represent and accept offers for the property from other potential buyers without obligation to this Buyer. Buyer acknowledges that real estate brokers are not qualified as experts for legal, financial, accounting, environmental, construction, soils, geological or engineering advice.
This property information, market information, and other information on this page as well as any related documents have been provided by the seller or other outside sources. Interested parties are highly encouraged to verify the information independently. Amber has not independently verified any information.