21222 TX-249 - Hospitality FOR SALE
Houston, TX 77086 |
$4,800,000 USD
602-715-2609
21222 TX-249
Houston, TX 77086
HIGHLIGHTS
- STRONG FINANCIALS – With a net operating income of $403,207 and room revenue of $1,158,000, this hotel shows strong financial health
- RECENTLY RENOVATED – The recent completion of the Rise & Shine Property Improvement Plan ensures the hotel meets current Choice Hotels brand standards
- PRIME LOCATION – Situated in a busy commercial corridor along Tomball Pkwy in northwest Houston, the hotel benefits from proximity to major businesses
- GROWTH OPPORTUNITIES – The hotel’s RevPAR of $49.57 has upside potential when compared to the properties comp set of $55.9
- ALL-SUITES ACCOMODATION – As a Comfort Suites, this 64-room property offers spacious suites that cater to both business and leisure travelers
FOR SALE DETAILS
PRICE
$4,800,000 USD
PRICE/SF
$116 USD /SF
# OF ROOMS
64
PRICE/ROOM
$75,000 {currency}
CAP RATE
8.4%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Comfort Suites Houston
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
3
BUILDING CLASS
-
YEAR BUILT
2000
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.47 AC
LAND SF
63,990 SF
ZONING
-
APN/PARCEL ID
1207660010001
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602-715-2609
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602-715-2609
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