Hodges Ward Elliott (“HWE”) is pleased to present the opportunity to acquire the 135-room Courtyard Houston Sugar Land/Lake Pointe (“Property” or “Hotel”), boasting an A+ location in one of the of the most affluent, high-barrier-to-entry submarkets in all of Texas. The Hotel sits in a highly dense, infill development surrounded by over 17 million square feet of office/retail (three-mile radius), adjacent to the transformative 53-acre Lake Pointe Green development, and across the street from the famed Sugar Land Town Square, one of the top mixed-use destinations in all of the Southwest. The well-performing, recent vintage, custom-built Hotel presents a rare opportunity to acquire a top asset in one of the most compelling mixed-use locations in the country.
| ADDRESS: | |
| YEAR OPENED: | 2017 |
| KEYS: | 135 |
| STORIES: | 5 |
| MEETING SPACE: | 1,305 SF |
| F&B: | The Bistro |
| AMENITIES: |
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| INTEREST CONVEYED: | Fee Simple |
| MANAGEMENT: | Unencumbered |
Investment Highlights
EXCEPTIONAL LOCATION
The Courtyard is advantageously positioned to offer convenient access to the 53-acre Lake Pointe Green development, multiple healthcare facilities, and the premier live-work-play destination in Sugar Land. Work has begun on Lake Pointe Green and will transform the former Fluor campus into a mixed-use destination. St. Luke’s Health - Sugar Land Hospital, Houston Methodist Sugar Land Hospital, and Sugar Land Medical Center are all within two miles of the Property. In addition, Sugar Land’s central point for community gatherings, Sugar Land Town Square is less than a mile away from the Hotel. The mixed-use development has 223,000 square feet of retail space, 566,000 square feet of Class A office space, 167 condominiums, the 26,765-square-foot Sugar Land Convention Center, City Hall, and a central plaza that can hold thousands of people for a variety of events.
SUGAR LAND - AFFLUENT AND ATTRACTIVE SUBMARKET
Sugar Land represents one of the most affluent and institutionally attractive submarkets within the State of Texas, combining strong demographics, corporate tenancy, and master-planned infrastructure into a durable demand profile. Located approximately 20 miles southwest of Downtown Houston along U.S. Highway 59/I-69, the city has evolved from a historic company town into a premier live-work-play community anchored by Sugar Land Town Square, Class-A office inventory, and regional entertainment venues such as the Smart Financial Centre. The market benefits from a highly educated workforce, household incomes materially above state and national averages, and a diversified employment base spanning energy, healthcare, advanced manufacturing, and professional services. With limited developable land, disciplined zoning, and a pro-business municipal framework, Sugar Land offers both top-line revenue stability and long-term real estate value preservation.
Smart Financial Centre at Sugar Land
Sugar Land Town Square
Houston Museum of Natural Science at Sugar Land
Lake Pointe
HOUSTON - GLOBAL ECONOMIC EPICENTER
The nation’s fourth largest city and fifth largest metropolitan area, Houston covers nearly 10,000 square miles and is home to nearly 3.5 million jobs. It is a global gateway city, boasting a history of impressive GDP, population, and employment growth. Its storied history of industry and culture has led to the creation of, among other things, the Energy Capital of the World, largest medical center in the world, the largest U.S. export port, and a globally renowned arts hub. Houston has also emerged as one of the most popular travel destinations in the U.S. and continues to see increasing visitation year-over-year. The number of visitors has risen sequentially each year with 48.7 million in 2022, 51.4 million in 2023, and 53.9 million in 2024, representing a 10.7% increase from 2022 to 2024.
STRONG IN-PLACE CASH FLOW WITH RENOVATION UPSIDE
The Courtyard has been one of strongest performing select-service hotels in the Houston market, consistently driving a $100+ RevPAR and strong penetration index within its competitive set. A targeted renovation by new ownership would reaffirm the Property’s standing in the market and could enhance performance even further.
CLEAN INVESTMENT OPPORTUNITY
The non-union, fee-simple interest in the Courtyard is being offered free and clear of existing management and financing, affording new ownership maximum optionality in the future operation and capitalization of the Hotel.