28332 Southwest Fwy, Rosenberg, TX 77471

56 Hotel Rooms | Online Auction Sale | Rosenberg, TX 77471

Property Type
Hospitality
Square Feet
33,475 SF

Listing Contacts

Rorik Seth
Rorik Seth
Derek Rudd
Derek Rudd
  • Property Info

Property Overview

Amin Realty is pleased to exclusively present the opportunity to acquire the 56-key La Quinta Inn and Suites Houston-Rosenberg at 28332 Southwest Freeway in Rosenberg, Texas. This income-producing, turnkey investment offers significant value-add potential and a prime location directly off Interstate 69. Built in 2007, the property completed an extensive renovation in 2016 and offers desirable modern amenities, including a large outdoor pool and hot tub, an updated fitness center, a meeting and event space, and a large patio with seating. The hotel's 2.3-acre lot is equipped with 54 surface parking spaces, convenient points of ingress and egress from US 59, and highly visible monument signage fronting Interstate 69, providing direct exposure to more than 40,000 passing vehicles daily.

This turnkey investment places guests directly across from the Fort Bend County Epicenter, a 230,000-square-foot event center delivered in 2023 that hosts sports tournaments, conferences, expositions, and trade shows, with space for 10,000 attendees. The Fort Bend County Fairgrounds also sits just five minutes away, home to the annual county fair, agriculture trade shows, and a seasonal holiday market. Easy access to the vital I-69 commercial corridor allows visitors to enjoy nearby national and local retail brands, including Lowe's, Starbucks, Jack in the Box, Wendy's, Subway, and Taco Bell.

The area surrounding the La Quinta Inn and Suites Houston-Rosenberg has emerged as a vital hospitality node, with neighboring locations for Super 8, Traveler's Inn, and Day's Inn. Hospitality numbers across the region have shown a strong performance in recent years. The five-year-high T12 occupancy of 62% and RevPAR growth of 8.3% across the Houston Southwest Freeway Submarket has significantly outpaced the greater metro area. Tourism across Houston is on the rise, with more than 51 million visitors making their way to the metro during 2023, a 5% annual increase.

Active renovations to the subject property have resulted in RevPAR declining by 10.2% year over year, marking this opportunity as the perfect value-add investment. A new owner can complete additional upgrades and engage a new operational strategy to improve occupancy and bring revenue in line with strong recent submarket trends. A going-in NOI of over $186,000 provides a stable initial income, offering an investor a strong foundation to pursue further improvements.

The Houston metropolitan area has posted exceptional population and economic growth, which has cemented the port city as one of the fastest-growing markets in the United States. Sitting approximately 35 miles southwest of Houston's city center, Rosenberg is a quaint suburb that juxtaposes big-city conveniences with peaceful residential neighborhoods and green spaces. The region's accessibility, vibrant history, and recreation opportunities have made it a popular home for affluent professionals fleeing the hustle of downtown. Within 10 miles of the property, the population has exploded by 17% since 2010 and currently sits at over 197,000. These residents provide a robust pool of potential future workers, with over 9% of daytime employment working in the leisure and hospitality segments.

The proposed sale includes only the real property and the hotel structure and does not include the franchise agreement with La Quinta Franchising, LLC (“LQF”) or any right or entitlement to use LQF’s protected intellectual property or otherwise operate the hotel as a La Quinta® branded facility. Any continuing operations as La Quinta® will require, and is contingent upon, the approval of LQF and a separate agreement between the buyer and LQF.

Any proposed bidder interested in continuing post-sale transaction operations as a La Quinta® branded facility may contact Ten-X and request contact information regarding discussions with LQF and/or the submission of an application. Nothing in this listing shall constitute LQF’s approval of any particular transfer or obligate LQF to approve any particular purchaser. LQF reserves the sole and absolute discretion to approve or deny any application received.

Tours by appointment only. Please reach out to the broker for additional details.

Listed by Rorik Seth with Amin Realty, TX License # 649869

Property Details

Class
B
Year Built/Renovated
2007/2016
Stories
3
Property Subtype
Hotel
Lot Size (sq. ft)
100,188 SF
Units
56

Highlights

  • The La Quinta Inn & Suites Houston-Rosenberg offers a turnkey 56-key investment with a prime position directly visible from Interstate 69.
  • Directly across the highway from the Fort Bend County Epicenter, and the Fort Bend County Fairgrounds, two major regional tourism drivers.
  • Visitor counts to the metro exceeded 51,000,000 during 2023, up 5% year over year, while airport traffic surpassed visitor counts from 2019.
  • Prime value-add opportunity to complete additional unit and property upgrades and bring cash flow in line with strong recent submarket trends.
  • Performing hospitality submarket with a T12 occupancy at five-year highs of 62% and RevPAR increasing 8.3% year over year.
  • Strong pipeline of future workers, with 9% of daytime employment working in Leisure and Hospitality industries.

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