15701 Park Ten Pl - Hospitality FOR SALE
Houston, TX 77084 |
15701 Park Ten Pl
Houston, TX 77084
HIGHLIGHTS
- Prime location: The 120-room, 3-story hotel at 15701 Park Ten Place in Houston is just off Interstate 10, which sees nearly 200,000 vehicles daily.
- Strong Revenue Growth: Room revenue grew 12.1% YoY in 2024 after a 7.7% increase in 2023, signaling strong financial performance and upside potential.
- High Market Penetration: The hotel achieved 80% occupancy and 99% ADR penetration in 2024, with room to grow via strategic management and marketing.
- Energy Corridor Demand: In Houston’s Energy Corridor, home to 26M SF of office space and 105,000+ jobs, driving steady corporate lodging demand.
- Proximity to Demand Generators: Minutes from TopGolf, Katy Mills, Memorial City Mall, and major hospitals like Houston Methodist and Memorial Hermann.
- Access to Industrial Hubs: Surrounded by industrial areas like Deer Park, Pasadena, & Texas City with major employers like Shell, Dow, and ExxonMobil.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Red Roof PLUS+ Houston - Energy Corridor
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
50690
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
C
YEAR BUILT
1995
PARKING SPACES
134
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
Commercial
APN/PARCEL ID
1181920010002
