296 Abner Jackson Pky - Hospitality FOR SALE


Lake Jackson, TX 77566
$3,850,000 USD
281-684-5653
296 Abner Jackson Pky, Lake Jackson, TX for Sale
$3,850,000 USD
Hospitality - FOR SALE
1/18
null | Request Cap Rate

296 Abner Jackson Pky
Lake Jackson, TX 77566


HIGHLIGHTS

  • Attractive value-add opportunity: Following completion of the PIP, the hotel is well positioned to drive rate growth and enhance overall performance.
  • The property includes onsite 5 bedroom, 3 bathroom living quarters w/ private outdoor area, designed for an owner residing on the premises.
  • Since opening, the hotel has generated avg. annual rooms revenue of approx. $1.25M, demonstrating a consistent track record of operating performance.
  • Ownership has maintained the property exceptionally well, scoring 84.4% and 85.9% on the brand’s last two quality-assurance reports, respectively.
  • The asset is priced at an attractive discount to replacement cost, at less than $65,000 per key.
  • Excellent location near major corporate demand generators including Dow, BASF, and Port Freeport; additional demand from regional leisure attractions.

OVERVIEW

For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=162567 HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 59-key Comfort Suites Lake Jackson Clute, a limited-service hotel asset in Lake Jackson, Texas. The property is in very good physical condition, presenting a hands-on owner/operator with upside to restructure the hotel’s operations by reducing expenses and improving NOI flow-through.

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$99 USD /SF

# OF ROOMS

59

PRICE/ROOM

$65,254 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Suites Lake Jackson Clute

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2000

PARKING SPACES

115

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,469 SF

ZONING

H1

APN/PARCEL ID

7133-2402-006

ASK ABOUT THIS PROPERTY

281-684-5653

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281-684-5653

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