18150 McKay Dr - Hospitality FOR SALE


Humble, TX 77338- Lake Houston
$3,500,000 USD
832-607-1579
18150 McKay Dr, Humble, TX for Sale
$3,500,000 USD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

18150 McKay Dr
Humble, TX 77338
Lake Houston


HIGHLIGHTS

  • The property features fee-simple ownership with surface parking accommodating 59 vehicles.
  • Constructed as a low-rise, interior-corridor hotel, the asset has an established operating history dating back to its opening in 2010.

OVERVIEW

Offered at a significant discount to replacement cost .The new buyer will have the opportunity to revamp the Hotel with Buyer PIP , employing a more aggressive revenue management strategy and strategic cost control initiatives. Franchise will allow the new owner to more effectively compete by improving penetration within the Transient competitive set while increasing cash flow through improving operating margins. Property Well Located Near Intercontinental Airport Of Houston Texas Property has Small PIP from Choice needs to be Completed By the buyer . Buyer can also Change Franchise paying LD to Current franchise .

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$118 USD /SF

# OF ROOMS

54

PRICE/ROOM

$64,815 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sleep Inn & Suites Bush Intercontinental

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2010

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.24 AC

LAND SF

54,014 SF

ZONING

F1

APN/PARCEL ID

1214970010001

ASK ABOUT THIS PROPERTY

Amit MehtaAmit Mehta IncMore Info
832-607-1579

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Amit MehtaAmit Mehta IncMore Info
832-607-1579

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.