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600 US Highway 59 S
Cleveland, TX 77327

$6,950,000 USD

Hotel For Sale  •  43,267 SF

Property Details

  • Property Type Hotel
  • Total Building Size 43,267 SF
  • Lot Size 2.23 AC
  • Building Class B
  • Year Built 2011
  • Zoning C-2
0 Transit Score
52 Walk Score

Highlights

Ideal opportunity for a new investor to benefit from a recently renovated Holiday Inn Express & Suites in a growing market within a major Texas MSA.
Over $2.1 million spent to renovate multiple areas of the property with the brand’s Formula Blue 2.0 design scheme.
Third-party managed, opportunity for an experienced owner/operator to reduce expenses and improve cash-flows.
Property achieved $2,000,000 in revenues last year, a year-over-year increase of 27.3%.
BNSF Railway is developing the Logistics Center North Houston at Cleveland, a 1,200-acre industrial and business park in Cleveland, Texas.
The property benefits from excellent visibility along the Interstate 69 frontage road, near the State Highway 105 interchange.

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Hot Tub

Public Transportation

AirportDriveWalkDistance
George Bush Intcntl/Houston 41 min - 34.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 62
Type: Surface
Included in Rent: Yes
James Rebullida 713-955-5580 HVS
James Rebullida 713-955-5580 HVS