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