Hotel Intelligence
Best Western Plus Houston Galleria
THM Listed STR SIFT Crexi Deal
2900 Southwest Freeway, Houston, TX 77098 — Harris County
Rooms 220
Brand Independent (was BWP)
Chain Scale Upper Midscale
STR # 54821
Taxpayer # 17420891234
Open Date Mar 2004
Overview
SIFT Receipts
Crexi Listing
STR Census
Deal
Revenue Summary
$5,812,400
TTM Revenue (Mar 2025 – Feb 2026)
Latest Month $438,200 Feb 2026
YoY Change (TTM) ‑12.4%
Est. NOI $1,453,100
Based on 25% brand-typical margin — not underwritten
Est. RevPAR $72
Revenue per Room $26,420 / yr
Distress Signal Warning
Property Assessment
Assessed Value $8,240,000
Market Value $9,100,000
Tax Rate 2.84%
Annual Tax $234,016
Last Assessment 2025
County Harris
Listing Details
Asking Price $12,500,000
Price / Room $56,818
Cap Rate (Broker) i 7.2%
Est. Cap Rate (SIFT) 8.4%
Days on Market 84
Broker Marcus & Millichap
Contact
John Smith
Deal Status
Active Prospecting
Deal Name Houston Galleria Acquisition
Asking Price $12,500,000
Created 2026-03-15
TX Comptroller Monthly Filings — 12 Most Recent Periods
Period ↕ Taxable Receipts Room Receipts Tax Due YoY %
Feb 2026$438,200$391,400$25,826−14.2%
Jan 2026$412,800$368,500$24,355−11.8%
Dec 2025$498,100$444,900$29,388−8.4%
Nov 2025$476,300$425,200$28,101−9.1%
Oct 2025$501,400$447,800$29,582−7.2%
Sep 2025$461,700$412,200$27,240−13.6%
Aug 2025$488,500$436,300$28,821−11.1%
Jul 2025$510,200$455,800$30,101−10.4%
Jun 2025$524,600$468,500$30,951−12.9%
May 2025$536,800$479,400$31,671−15.2%
Apr 2025$489,400$437,000$28,874−14.7%
Mar 2025$474,400$423,600$27,990−13.1%
TTM Total $5,812,400 $5,190,600 $342,900 ‑12.4% TTM avg
Estimated Annual NOI
$1,453,100 25% margin on $5,812,400 TTM revenue
Based on 25% brand-typical margin — not underwritten
Revenue Trend — 24 Months
$620K $520K $420K Mar'24 Jul'24 Nov'24 Mar'25 Jul'25 Nov'25 Feb'26
Property photo not available
Listing Details
Asking Price$12,500,000
Cap Rate (Broker) i 7.2%
Est. Cap Rate (SIFT) 8.4%
Price / Room$56,818
NOI (Broker)$900,000
Building Size148,000 SF
Lot Size3.2 acres
Year Built2004
Renovation2018
Ownership
Owner Galleria Hospitality LLC
Owner Type Private
Debt & Financing
Lender Wells Fargo
Loan Amount $8,200,000
Maturity Jun 2027
Listing Broker
Firm Marcus & Millichap
Agent John Smith
Phone (713) 555-0142
Email jsmith@marcusmillichap.com
Listing Status
Days on Market 84 days
Listed Date Jan 3, 2026
STR Property Record
STR Number54821
Property NameBest Western Plus Houston Galleria
Address2900 Southwest Freeway, Houston TX 77098
CityHouston
StateTexas
CountryUnited States
MarketHouston
SubmarketSouthwest Houston
Census Tract48201342100
Classification & Participation
ChainIndependent
Chain ScaleUpper Midscale
ClassMidscale Class
Rooms220
Open DateMar 2004
Affiliation Date
STR Participation
Active Reporting participant
Deal Stage
1
Prospecting
2
LOI
3
Due Diligence
4
Closed
Deal Details
Deal Name Houston Galleria Acquisition
Stage
Active Prospecting
Asking Price $12,500,000
Created 2026-03-15
Last Updated 2026-04-01
Notes & Context
"Debt matures Jun 2027 — owner likely motivated seller. BWP affiliation dropped ~2022, now running independent. RevPAR down 12% YoY, consistent with Southwest Houston submarket softness post-pandemic group recovery plateau."
Added by Watson • Mar 15, 2026