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12500 North Fwy
Houston, TX 77060 Greenspoint/IAH Airport

Price Upon Request

Hotel For Sale  •  76,530 SF

Property Details

  • Property Type Hotel
  • Total Building Size 76,530 SF
  • Lot Size 3.08 AC
  • Building Class C
  • Year Built 1982
  • Tenancy Single
  • Zoning N/Ap, Houston
30 Transit Score
50 Walk Score

Highlights

Three-Story, 170-Room, Interior/Exterior Dual Corridor Hotel within the Houston MSA and Priced Well Below Replacement Cost at $22,647 Per Key
Tactfully Located with Great Visibility Near the Interchange of Texas Beltway 8 and Interstate 45
Onsite Owner's Apartment with 3 Bedrooms, 2.5 Bathrooms, Living Room, and Kitchen
137 Rooms Currently Being Rented. Presents Upside for New Owner to Increase Revenue by Bringing 33 Rooms Back into Operation
Opportunity for Owner/Operator to Meet 2021 RevPAR Market Average of $20.67 That Will Secure Over $1.28 Million in Room Revenue
Several Conversion Opportunities Available –Choice: Quality Inn, Clarion Pointe, Suburban, and MainStay –Wyndham: La Quinta, Ramada, Wingate, Days Inn

Public Transportation

AirportDriveWalkDistance
George Bush Intcntl/Houston 13 min - 7.9 mi
William P Hobby 42 min - 26.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 147
Type: Surface
Included in Rent: Yes