150 Wagon Point Dr - Hospitality FOR SALE
Houston, TX 77090 |
150 Wagon Point Dr
Houston, TX 77090
HIGHLIGHTS
- The 73-key count is highly attractive for an owner/operator looking to acquire its first Hilton-branded asset.
- Current ownership is motivated to get the hotel sold and will meet the market.
- From 2021 to 2023, the property underwent an extensive, $2.5-million renovation that reimaged both the interior and exterior.
- The hotel’s October 2024 trailing-twelve-month rooms was $1,275,000 (rounded)—a 6.0% increase compared to last year.
- Given the recent renovations, a minimal change-of-ownership property improvement plan (PIP) is expected.
- An investor can expect a new franchise agreement with Hilton, for the balance of current ownership’s existing term, which is just under 10 years.
FOR SALE DETAILS
PRICE
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# OF ROOMS
-
CAP RATE
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BUILDING DETAILS
PROPERTY NAME
Hampton Inn & Suites Houston-Cypress Station
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
51318
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2000
PARKING SPACES
75
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
1197450010001
