10750 Gessner Rd - Hospitality FOR SALE
Houston, TX 77064 |
10750 Gessner Rd
Houston, TX 77064
HIGHLIGHTS
- Opportunity to acquire a 114-all-suite, four-story, Staybridge Suites that sits on 3.75 acres and access from Sam Houston Tollway in Willowbrook.
- Upon the completion of the PIP, the hotel is projected to have a stabilized room revenue of over $3.0M and a RevPAR of $72.36.
- The hotel is currently underperforming and there is potential for a more hands-on operator to drive RevPAR increases.
- The hotel is in proximity to multiple local demand generators, including stadiums, parks, shopping center, and entertainment area.
- Within five miles from many industrial manufacturing and energy corporate offices and headquarters, including Baker Hughes, Siemens, GE, and more.
- The hotel is also located close to Amazon and Home Depot facilities, two major distribution centers serving the Northwest Houston area.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Lender Owned – Staybridge Suites Houston, TX
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
74491
STORIES
4
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2006
PARKING SPACES
136
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
Commercial
APN/PARCEL ID
1205910010046
