2440 Gulf Fwy - Hospitality FOR SALE


Texas City, TX 77591
$6,995,000 USD
650-720-6995
2440 Gulf Fwy, Texas City, TX for Sale
$6,995,000 USD
Hospitality - FOR SALE
1/8
null | 7.83% Cap Rate

2440 Gulf Fwy
Texas City, TX 77591


OVERVIEW

Holiday Inn Express & Suites Texas City, located at 2440 Gulf Freeway in Texas City, Texas, offers an excellent investment opportunity in a thriving commercial and industrial hub along the Gulf Coast. This modern, full-service hotel caters to business, leisure, and extended-stay guests, providing easy access to major employers, retail centers, and key regional attractions. The property features contemporary accommodations, a complimentary hot breakfast, a 24-hour fitness center, and an outdoor pool, ensuring a comfortable and convenient stay for all guests. Its prime location along the Gulf Freeway provides easy access to nearby cities, including Houston and Galveston, and is just minutes from the Texas City Industrial Complex, making it a preferred choice for corporate travelers. With strong occupancy rates driven by a mix of business, tourism, and long-term stay demand, Holiday Inn Express & Suites Texas City presents an ideal opportunity for investors looking to acquire a well-performing asset in a rapidly growing market. List Price: $6,995,000 with less than $100,000 per room Projected NOI: $547,824, translating to a 7.83% cap rate Occupancy and ADR: 67% with an ADR of $113.50 Solid Returns: Cash-on-cash return of 7.05% Manager’s Quarters: Comes with two apartments on-site and can be converted back into inventory

FOR SALE DETAILS

PRICE

$6,995,000 USD

PRICE/SF

$145 USD /SF

# OF ROOMS

70

PRICE/ROOM

$99,929 {currency}

CAP RATE

7.83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites Texas City

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2006

PARKING SPACES

73

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

58,059 SF

ZONING

None

APN/PARCEL ID

3321-0000-0002-000

ASK ABOUT THIS PROPERTY

Dino MonteverdeSarhan Hotel GroupMore Info
650-720-6995

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Dino MonteverdeSarhan Hotel GroupMore Info
650-720-6995

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