11303 Westheimer Rd, Houston TX 77077 · 127 keys · Opened November 2018 · IHG / Upper Midscale
A seven-year-old, market-leading select-service hotel on a hard corner of Westheimer Road, finishing a full interior-and-exterior renovation, in a Houston submarket inflecting up after a market-wide trough it outperformed. The next owner takes over a freshly renovated, like-new asset at the bottom of the recovery, with an embedded blue-chip corporate base, a newly seated sales manager, and clear rate headroom.
After a 2025 trough, revenue snapped back in the first quarter of 2026.
| Quarter (QBO actuals) | Q1 2025 | Q1 2026 | YoY |
|---|---|---|---|
| Room revenue | $680,814 | $818,260 | +20.2% |
| Total revenue | $709,649 | $847,652 | +19.4% |
March 2026 alone posted $353,707 of room revenue, the strongest single month in the trailing two years.
The Westchase submarket corrected hard in 2025. The compset's RevPAR fell 22.1% year to date, while the subject fell less and gained share.
This is a buy-at-the-bottom story on an asset already winning its competitive set, not a turnaround on a broken operation.
Smith Travel Research, running 12 months through December 2025 (STR ID 66534), seven-hotel Westchase compset:
Subject RevPAR of $60.94 versus a compset $52.64, a 15.8% premium. The property captures more than its fair share of both occupancy and rate, and has done so straight through the downturn, all before its renovation and with the sales-manager seat sitting empty.
A comprehensive IHG-approved Property Improvement Plan is in progress now and completing this year (IHG Location #16066, Project #52363). On a 2018 building, the work is a refresh, not a rebuild:
Interior plus exterior together hand the buyer what is effectively a new building, with the capital risk and disruption already absorbed by the seller. This is the third Holiday Inn Express PIP Texas Hotel Management has executed in the last twelve months, so the playbook and the vendor relationships are proven.
The property has been under-priced for its quality and its index position. Management targets a $5 to $10 ADR lift once the renovation is complete, off a current running-12-month ADR of $98.60.
Illustrative: on 28,651 occupied room-nights a year (127 keys at the R12 occupancy of 61.8%), a $5 to $10 ADR gain is $143K to $287K of incremental room revenue annually, most of which flows through to NOI after brand and commission costs.
The hotel posted its market-leading indices with no dedicated sales manager, a role that had been vacant for some time and has now been filled. With a sales leader finally in the seat working the corporate and group base, the property's biggest revenue lever is only now being pulled.
HOUUS carries loaded IHG corporate-negotiated rates with a roster of Fortune 500 energy, industrial, and healthcare employers, the durable midweek demand that compounds as Houston corporate travel returns. That base was built and held with no dedicated sales manager in the seat. The new sales hire plus a refreshed product is the formula to convert it into more nights at higher rates. Account-level production detail is available to a qualified buyer in diligence.
Park Eight Place, the redevelopment of the former Halliburton Oak Park campus by Johnson Development, is bringing $1 billion and 2 million square feet of new mixed-use product to the Westchase District: residential, office, retail, dining, hospitality, and wellness across a 70-acre site (larger than CityCentre). It broke ground in late 2024 and earned Houston's first developer-initiated Walkable Place designation. New rooftops, offices, and retail in the immediate trade area mean new room-night demand.
This is a deliberate portfolio decision, not a distressed sale. Texas Hotel Management is concentrating capital on its active acquisition pipeline across Houston and Dallas and on larger, $5M-plus-revenue hotels. A well-run, market-leading asset of this size sits below that threshold and no longer fits the portfolio, so it is being sold while it is on the upswing rather than held. The seller's motivation is strategic focus, which is exactly why a clean, renovated, well-located box is coming to market at the start of its recovery.
Sources: revenue and NOI from QBO general ledger via RevParPro (Supabase pl_transactions), owner and personal classes removed and labor normalized; STR indices from Smith Travel Research Monthly STAR, STR ID 66534, running 12 months through December 2025; renovation scope from IHG Project #52363 and Valiant Products Sales Order #218035; Park Eight Place facts from Johnson Development and Houston-market coverage (parkeightplace.com, CultureMap Houston, Houston.org). ADR uplift is a management target, shown illustratively. Prepared for internal review. Not yet shared externally.