SpringHill Suites Houston NASA/Seabrook Listed at $7.5 Million

The all-suite, select-service property was built in 2010 and is in the Houston Hobby Airport/NASA submarket. The guidance price equates to approximately $85,200 per key. Financial projections for the first year of pro forma operations in 2027 list an average daily rate of $123, occupancy of 56.0%, RevPAR of $68.88 and room revenue of $2,212,426.

The hotel has king and double queen suites. Current ownership operates the hotel on an absentee basis. The asset is offered free and clear of management encumbrances.

The Seabrook Economic Development Corp. has committed a $40,000 direct incentive toward repainting the property’s exterior. The hotel has undergone a lobby renovation and received new guestroom soft goods since opening. The estimated Marriott change-of-ownership property improvement plan totals approximately $1.1 million, or $12,500 per key.

Rooms revenue has remained stable since 2024. Over the next 12 months, the hotel is projected to generate more than $2.2 million in rooms revenue and approximately $610,000 in net operating income, underwriting to an 8.1% cap rate at the guidance price. Trailing 12-month rooms revenue totaled $2,039,000, with a rooms revenue multiplier of 3.6.

The hotel posted an 89.2% RevPAR penetration index and ranked fifth among six hotels in occupancy within its competitive submarket. Rooms revenue would exceed $2.25 million if the property performed in line with its competitive set.

The property is located along NASA Parkway, across from Clear Lake and near NASA Johnson Space Center, Kemah Boardwalk, Houston Methodist Clear Lake Hospital, HCA Houston Healthcare Clear Lake and the University of Houston-Clear Lake campus. It is less than 3 miles from the 60-acre Kemah Boardwalk outdoor theme park.

In July 2026, the 242-room Hilton closed for renovations and is expected to remain offline for approximately 24 months during its conversion to a Compass by Margaritaville hotel. The closure reduces competitive room supply during the renovation period.

The ongoing $201 million expansion of U.S. Highway 146 between Seabrook and Kemah is improving regional connectivity. Other developments include the 19.5-acre Edge at Seabrook Town Centre mixed-use development; the $200 million Great Wolf Lodge & Flyway at Clear Lake Webster, which opened in 2024; and the 30-acre, $85 million Seabrook Town Centre project, slated for completion in 2026.

Inquire at HVS.