- Photos
- 1 of 18
Hotel For Sale • 34,861 SF
| The hotel is being offered as part of a Chapter 11 bankruptcy process, allowing a qualified buyer to acquire it free & clear of liens & encumbrances. |
| The Texas Medical Center and NRG Park area is a densely developed & highly sought-after submarket due to high land costs & limited franchise options. |
| 55-key count is considered an ideal size for an experienced owner/operator, offering the ability to restructure operations to boost NOI flow-through. |
| Over the last 3 years, the hotel recorded a stable revenue average of $1,650,000 (rounded) annually, reflecting the presence of steady market demand. |
| New 20-year franchise license agreement with Choice Hotels expected with PIP completion. |
| This opportunity presents an investor the ability to acquire the property at a price well below replacement cost at $121,000 (rounded) per key. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 15 min | - | 6.9 mi | |
| Transit/Subway | Drive | Walk | Distance |
| Reliant Park (Redline - Harris County Metropolitan Transit Authority METRO Rail (METRORail)) | 3 min | 18 min | 0.9 mi |
| Airport | Drive | Walk | Distance |
| William P Hobby | 26 min | - | 13.2 mi |
| George Bush Intcntl/Houston | 35 min | - | 24.9 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 65 |
| Type: | Surface |
| Included in Rent: | Yes |
