1450 North Sam Houston Parkway East
Houston, TX 77032
The 69,050 square foot hotel, constructed in late 2017, is branded as a Four Points by Sheraton Houston Intercontinental Airport and includes 123 rooms.
Auerbach Funds plans to invest approximately $1M to upgrade the F&B package, which includes outdoor patio space and internal food and beverage, complete deferred maintenance item and bring the property back in line with Marriott standards. This improvement will augment the guest experience thereby translating into higher ADR and occupancy. Since being built in late 2017 the property has underperformed given its superior location in Houston next to George Bush International Airport (IAH). With professional management and the anticipated growth in the Houston submarket this property will perform well.
Houston offers a well-developed suite of key global industries – including energy, life science, manufacturing, logistics and aerospace. As these industries digitize, Houston is a hotbed of rapid technological development. A thriving international city, Houston’s ties stretch to all corners of the world. The Hotel is part of the Houston George Bush Area submarket, which comprises a diverse mix of lodging facilities that range from larger branded hotels to smaller budget facilities. Houston's George Bush International Airport (IAH) is currently undergoing a $1.3 Billion capital improvement program called the IAH Terminal Redevelopment Program (“ITRP”) and is expected to handle 33 million international passengers annually upon completion.