CBRE Hotels has announced that it accepts offers for the Residence Inn by Marriott in Katy, Texas. The property, a premium extended-stay asset, boasts strong cash flow and is located in a thriving Houston submarket, making it a unique investment opportunity.

The Residence Inn has demonstrated a trend of increasing revenue, with Room Revenue and RevPAR (Revenue Per Available Room) surpassing 2023 by 14% in 2024. The Residence Inn leads its competition in RevPAR, with an index of 128% as of the end of 2024.

The property showcases robust operational performance, with a Net Operating Income margin of 37.4% at the end of 2024. This performance suggests the hotel holds potential for stable cash flow, further solidifying its appeal as an investment opportunity.

One of the hotel’s key advantages is its prime location. It is off Interstate Highway 10, adjacent to Katy Mills Mall and PetroSkills Conference Center. Katy Mills Mall is a significant retail hub in the Houston Metro area, housing over 175 stores and various dining and entertainment venues. This proximity to major amenities enhances the property’s attractiveness as an upscale extended-stay hotel.

The Residence Inn is not just a hotel but also a member of a nationally recognized extended-stay brand – Marriott. This association offers an added advantage to potential investors, given the global reach of the Marriott Bonvoy program. This premier loyalty program and global distribution system is comprised of 177 million members, providing a solid customer base for the hotel.

Another selling point for the property is its proximity to various corporate campuses and leisure attractions. These include the Mason Creek Office Center, Typhoon Texas Waterpark, and the LaCenterra Center at Cinco Ranch. It is also a short distance from a major medical care provider, Memorial Hermann Hospital Katy.

The hotel is located in Houston, one of the fastest-growing metropolitan areas in the U.S.. With a population exceeding 7.5 million, Houston is the largest city in Texas and the fourth largest in the U.S. The city has seen consistent population growth, adding its most recent one million residents in just nine years. By 2029, the population is projected to surpass 8 million, which could further boost the hotel’s potential for success.

Inquire at CBRE.