Property

Hilton Houston Galleria Houston, TX

Property
Type
Hospitality
Investment Type
Property
Asset Profile
Value Add
Min. Investment
$50K
Estimated Hold
5Y
Target Return (IRR)
18.6%
Target Annual Cash
12.8%
Target Equity Multiple
2.1x
 

Offered By

ASAP International Hotel, LLC Experienced Sponsor

Los Angeles, CA

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Assets Under
Management

Currently
$500MM
Exited
$200MM
Portfolio LTV
65%
Historical
Realized Returns

Total IRR
25%
Equity Multiple
3x
Annual Cash
15%
Years Of
Experience

As Principals
30+ years
In Business
10 years
Size
10 Staff
* All information is reported by ASAP International Hotel, LLC as of 6/16/2017.
 

About this Property

ASAP International Hotel LLC, a repeat sponsor, is offering investors the opportunity to participate in their 4th offering on RealCrowd. For this $23m acquisition, ASAP International is seeking a portion of the $9m equity raise for the acquisition and slight renovation of the full-service, 292-room Hilton Houston Galleria ("Property"). The Property is located at 6780 Southwest Freeway, Houston, Texas 77074.

The Hotel is located less than 2 miles from the prestigious Galleria Shopping & Business District and just 10 miles from downtown Houston, providing a centralized location – perfect for exploring the city or visiting a local business. Additionally, the hotel is situated less than 3 miles from Chinatown, allowing new ownership to add additional revenues by marketing directly to the Chinese American market.

In addition to its proximity to the Galleria Shopping & Business District, the Hotel is about 20 miles from the Bush Intercontinental Airport and about 10 miles from Houston Hobby airport, allowing the opportunity to bid for stable airline business.

Converting the Hotel from a Hilton to a Doubletree allows the Company to achieve significant expense savings, such as no Food & Beverage royalty fees, elimination of Hilton Honors Lounge, all while remaining competitive in the Houston submarket.

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Key Points

  • The Location: The Galleria submarket is not only Houston’s second largest business district, but the largest and most prestigious submarket in Houston, with over 23.5 million square feet of office space, 5 million square feet of retail space and a daytime population of over 1.1 million people.
  • Stable Cash Flow: The Property has consistently outperformed its competitive set in both occupancy and ADR, establishing a track record of strong cash flow and improving operating margins even in times of economic downturn.
  • Great Condition: Built in 1978 and extensively renovated in 2015 at a cost of $11 million ($38,000 per room), this Property has been under the stewardess of institutional ownership.
 

Financials

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Location Details

Houston, TX

The Galleria submarket is not only Houston’s second largest business district, but the largest and most prestigious submarket in Houston, with over 23.5 million square feet of office space, 5 million square feet of retail space and a daytime population of over 1.1 million people.

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Documents

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Frequently Asked Questions

Below are some of the most frequently asked questions about this offering.

The first projected distribution is scheduled for November 2017.

Distributions are scheduled to go out on a quarterly basis.

Yes, non-US residents are welcome to apply.

RealCrowd is free for investors. RealCrowd charges a technology access fee to the operating partner for our services. We do not charge investors any upfront fees, ongoing asset management fees or promote/carried interest in the investments.

RealCrowd offerings are open to US-based accredited investors. RealCrowd does not recommend or advise on any offering on our platform. While we have minimum history and experience threshold for sponsors who post on our platform, if you are unable to perform your own due diligence, please consult with an attorney or financial advisor prior to making an investment.

RealCrowd is a marketplace that connects investors with qualified sponsors. We strive for transparency and impartiality. For this reason, we do not participate in any offerings on our site.

Have a Question?

Send ASAP International Hotel, LLC and/or RealCrowd a message. If you have a question about this offering ask ASAP International Hotel, LLC. If you have a question about the transaction process or other general inquiry, RealCrowd will be happy to help.

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