1055 McNee Rd - Hospitality FOR SALE


Houston, TX 77054- Medical Center South
$6,700,000 USD
713-955-0012
1055 McNee Rd, Houston, TX for Sale
$6,700,000 USD
Hospitality - FOR SALE
1/18
null | Request Cap Rate

1055 McNee Rd
Houston, TX 77054
Medical Center South


HIGHLIGHTS

  • 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.

OVERVIEW

For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=152803 HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 55-key Comfort Suites Near Texas Medical Center – NRG Stadium, a limited-service hotel asset in one of Houston’s highest barriers-to-entry submarkets. An investor will have the opportunity to realize the significant upside of acquiring and renovating an asset that is priced substantially below replacement cost in Houston’s highly desirable Texas Medical Center (TMC) and NRG Park neighborhood. CALL-FOR-OFFER DATE: THURSDAY, JUNE 19, 2025, BY 5:00 PM CDT??????? Interested and qualified investors are required to perform due diligence prior to submitting their offer, including the financial analysis and due-diligence review in the virtual deal room (VDR). All purchasers are strongly encouraged to tour the property prior to bid submission. After the initial offer deadline, the top purchasers will be invited to submit a second offer in a best-and-final round. All offers will be evaluated and either accepted or rejected at the discretion of the seller and lender.

FOR SALE DETAILS

PRICE

$6,700,000 USD

PRICE/SF

$185 USD /SF

# OF ROOMS

55

PRICE/ROOM

$121,818 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Suites Near Texas Medical Center

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2002

PARKING SPACES

46

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

none

APN/PARCEL ID

1211680010001

ASK ABOUT THIS PROPERTY

713-955-0012

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713-955-0012

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