Hodges Ward Elliott (“HWE”) is pleased to present the opportunity to acquire the SpringHill Suites Houston NASA/Webster (“Hotel” or “Property”), strategically located off I-45 in Webster—the gateway to NASA’s Johnson Space Center. This high-demand market benefits from a strong mix of corporate, healthcare, and leisure demand drivers and is positioned near leading aerospace and technology firms, including NASA, Boeing, Lockheed Martin, and the Axiom Space Station Development Facility, as well as key medical institutions such as HCA Houston Healthcare Clear Lake and UTMB Health Clear Lake, ensuring steady year-round visitor traffic.
The Hotel is also directly across from the 80+ acre Flyway development, which includes Topgolf, PopStroke, Chicken N Pickle, Flyway Park, multiple restaurants and retail centers, and the $200 million Great Wolf Lodge Resort, one of only two Great Wolf Lodge Resorts in Texas. This fee simple offering presents the opportunity to own an institutional-quality select-service hotel in a prime area for business and leisure travelers, strategically positioned to capture significant year-round occupancy.
| Address: | |
| YEAR OPENED: | 2009 |
| KEYS: | 121 |
| STORIES: | 6 |
| SITE AREA: | ±2.00 Acres |
| MEETING SPACE: | 1,170 SF |
| AMENITIES: |
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| INTEREST CONVEYED: | Fee Simple |
| MANAGEMENT: | Unencumbered |
| LABOR: | Non-Union |
Investment Highlights
TRUE 7-NIGHT PER WEEK MARKET
Ideally situated in a thriving growth corridor, the SpringHill Suites Houston NASA/Webster enjoys a diverse demand base spanning corporate, healthcare, and leisure sectors. Key attractions driving consistent visitor traffic include the NASA Johnson Space Center (1.3 million annual visitors), Baybrook Mall (featuring over 170 stores and restaurants), and Kemah Boardwalk (3 million annual visitors). Additionally, the Property benefits from proximity to Clear Creek ISD Challenger Columbia Stadium, a 10,000-seat football venue, and The Ballpark at League City, a 35-acre multi-purpose sports complex.
The Hotel is also conveniently located near the University of Houston-Clear Lake and a strong cluster of aerospace and technology firms, including NASA, Boeing, Lockheed Martin Space Company, and Axiom Space – whose Space Station Development Facility sits directly across the street. Surrounded by a growing medical hub anchored by HCA Houston Healthcare Clear Lake (1.5 miles), Kindred Hospital Clear Lake (1.7 miles), and UTMB Health Clear Lake Campus Hospital (1.8 miles), the Property benefits from steady demand year-round.
FLYWAY - GATEWAY TO THE FUTURE
Flyway is a new 80+ acre destination development located along I-45 directly across from the SpringHill Suites, midway between downtown Houston and Galveston. Anchored by the region’s only Great Wolf Lodge indoor waterpark resort, which opened in August 2024, Flyway will feature top dining, entertainment, and recreation venues like Ambriza, Chicken N Pickle, and Popstroke, set within a walkable environment with a boardwalk and event lawn. With build-ready parcels available, Flyway is poised to attract unique businesses and become a premier entertainment hub for Texas and beyond once completed.
ACROSS THE STREET FROM THE NEW GREAT WOLF LODGE RESORT
The SpringHill Suites boasts an exceptional location directly across from the newly opened $200 million, 400,000-square-foot Great Wolf Lodge Resort, featuring a 92,000-square-foot indoor water park with 13 water slides, three pools, and an interactive water play zone, as well as a 61,000-square-foot adventure park. With expectations of attracting around 500,000 visitors annually, the resort is poised to significantly increase foot traffic to nearby businesses. Additionally, since its inception, the Great Wolf Lodge has created over 650 jobs in the area, further bolstering the local economy and enhancing the demand for accommodations at the SpringHill Suites.
STRONG POSITIONING/VISIBILITY DIRECTLY OFF I-45
The Hotel sits directly off I-45, the primary north-south transportation artery linking Dallas and Houston. This high-traffic corridor sees an average of 245,000 vehicles daily, with peak volumes reaching 275,000. Its prime interstate location drives strong demand from leisure travelers moving between the two cities, contributing to a steady stream of walk-in guests.
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 over 3.1 million jobs. It is a global gateway city, boasting a history of impressive GDP, population and employment growth. Its citizens’ storied history of philanthropy 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.
As further testament to the city’s prominence on the global stage, Houston has sky-rocketed toward the top of countless charts including #2 Fastest Growing Tech Hubs Amid the Pandemic (Axios), #1 Top Corporate Destination City (Allied Van Lines), #1 Most Diverse City in America (Wallet Hub), #2 Best U.S. Metro for Corporate Relocation and Expansion (Site Selection) and #3 among Tier 2 Cities of the Future (fDI Intelligence).
VERY ATTRACTIVE ACQUISITION BASIS
Due to escalating land costs and rising construction expenses, the anticipated transaction price places a new owner’s all-in basis significantly below replacement cost allowing an investor to benefit substantially from a combination of location in a growing economy and upside opportunity.
OPTIMAL OFFERING - FEE SIMPLE, NON-UNION, UNENCUMBERED BY MANAGEMENT
The Property is offered fee simple and free and clear of existing management and financing, affording new ownership maximum optionality in the future operation and capitalization of the Hotel.
BEST-IN-CLASS BRAND AFFILIATION
SpringHill Suites is a part of the Marriott family of hotels, one of the strongest and most recognized lodging brands in the world. This proven, prolific brand in the select-service space has seen over 550 hotels open in North America since its inception, totaling approximately 65,000 rooms. The brand provides owners with exceptional returns and strong RevPAR while maximizing flow-through, given its select-service nature.
