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MB200153371
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Springhill Suites Houston Medical Center Ngr Park

1400 OLD SPANISH TRL, Houston, TX 77054 · TABC MB200153371

Mixed Beverage Houston Market Enriched 2026-09-04
$105,677 Annual gross (L12M) ▲ 54.4% latest MoM Click for monthly detail
$8,806 Avg monthly ▲ 72.7% latest vs avg Click for monthly detail
~-91% Est. net margin (likely) $-96,310/yr est. net Click for cost model
$53k–$-337k Est. acquisition range -1.34× annual gross (blended) Click for valuation methods
Liquor sales only — total revenue is higher
Every dollar on this page comes from Mixed Beverage Gross Receipts filings — the alcohol portion of total sales. For a Hotel Bar, liquor is typically only 70–90% of total business revenue. Mostly liquor program. Estimated total revenue (rough): $117,419 – $150,967/year. Treat the valuation below as a screening estimate based on the alcohol portion alone.
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Executive Summary

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Springhill Suites Houston Medical Center Ngr Park is a mixed-beverage licensed establishment at 1400 OLD SPANISH TRL, Houston, Texas (TABC MB200153371). Over the most recent 12 months it reported $105,677 in gross alcohol sales, averaging $8,806/month with a best month of $19,967. Sales mix: ~54% liquor · 37% beer · 9% wine. The building at this address is owned by RODEO HOTELS LP (45,775 sqft, $15,575,157 assessed value per county records). Applying Texas bar cost benchmarks yields an estimated annual net of approximately $-96,310 (~-91% margin). Acquisition value is estimated at $53k–$-337k across revenue-multiple, SDE-multiple, and cap-rate methods. All revenue figures are gross mixed-beverage receipts as filed with the Texas Comptroller; they exclude cash income such as cover charges, game machines, or merchandise.

Sales performance · last 12 months

Texas Comptroller mixed-beverage gross receipts actual

Annual gross
$105,677
Avg monthly
$8,806
Best month
$19,967
Mar 2026
Sales mix
54% Liq
37% Beer · 9% Wine

Property & occupancy

County public records + submarket comps

Building (landlord parcel)

Record ID1042970000016
Property owner (landlord)RODEO HOTELS LP
Total building SF45,775
Assessed value$15,575,157

Springhill Suites Houston Medical Center Ngr Park's share

Est. base rent ~$41/sqft/yr · 2,500 sqft · Class A $8,506/mo
NNN CAM / insurance$1,276/mo
NNN property tax$1,701/mo
Personal property tax est — no BPP record $100/mo
Total occupancy $11,584/mo

Occupancy analysis

All-in occupancy cost is 131.5% of gross revenue. Industry benchmark for healthy bars is 6–10%; 12–15% is typical for premium submarkets; above 18% is unsustainable without very strong margins elsewhere.

Profit scenarios

Texas bar cost model applied to $105,677 gross revenue estimated

Best Case
No kitchen, efficient staffing, favorable lease
~-70%
Revenue$105,677
COGS (24%)−$25,362
Labor (14%)−$14,795
Occupancy−$125,103
TX MB gross tax (6.7%)−$7,080
Utilities / ins / mktg (8%)−$8,454
Card surcharge net+$1,162
Net profit $-73,955
Most Likely
Typical bar, light food program, full two-shift staffing
~-91%
Revenue$105,677
COGS (27%)−$28,533
Labor (17%)−$17,965
Occupancy−$139,003
TX MB gross tax (6.7%)−$7,080
Utilities / ins / mktg (10%)−$10,568
Card surcharge net+$1,162
Net profit $-96,310
Stressed
Heavy food, larger crew, higher rent
~-114%
Revenue$105,677
COGS (30%)−$31,703
Labor (22%)−$23,249
Occupancy−$152,903
TX MB gross tax (6.7%)−$7,080
Utilities / ins / mktg (12%)−$12,681
Card surcharge net+$1,162
Net profit $-120,778
Disclaimer: Revenue is mixed-beverage gross receipts from the Texas Comptroller — it does not include cash income like door charges, game machines, merchandise, or event rentals (which can add 10–25% for nightclubs). Cost ratios are industry benchmarks for Texas MB-permit bars. Rent is estimated from submarket comps; property tax is from county public records pro-rated by square footage. Actual profit depends on lease terms, staffing, owner salary, and one-time costs.

Owner income estimator

Split likely net profit across ownership estimated

TABC licensee Rodeo Hotels LP looking up officers…
4
Equal split (50% each)
Based on the "Most Likely" scenario net profit of $-96,310/year. Actual owner income depends on salary draws, distributions, debt service, and tax structure. Consult an accountant for actual income projections.

Acquisition value estimate

Based on most-likely scenario (~$-96,310 net) estimated

Revenue multiple
$53k–$85k
0.5–0.8× gross
SDE multiple
$-241k–$-337k
2.5–3.5× earnings
Cap rate
$-292k–$-385k
25–33%
Suggested range
$53k–$-337k
blended estimate
The numbers above are liquor-only: bar-style multiples applied to mixed-beverage receipts. They're the right answer for a pure bar/lounge — but for a restaurant, this is just one slice of total enterprise value (the bar program). See the food-business estimate below.

Federal court history

Public records · last checked 2026-08-16

No federal lawsuits — past or pending