31380 FM 2920 Rd - Hospitality FOR SALE


Waller, TX 77484
$6,100,000 USD
818-851-3314
31380 FM 2920 Rd, Waller, TX for Sale
$6,100,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

31380 FM 2920 Rd
Waller, TX 77484


HIGHLIGHTS

  • 75 Unit, 3 Story, Interior Corridor Hotel
  • Net Income in 2024: $750,941.42, a Cap Rate of 12.31%
  • Fantastic Condition with IHG's Formula Blue 2.0 PIP Partially Completed
  • Asking 3.3x Revenue
  • Excellent Location 40 Miles Northwest of Houston, TX
  • Diverse Demand Generators Nearby including a New $30 Million Development for Crystal Lagoon, a Luxury Water Resort, Set to Open May 2026

OVERVIEW

The Holiday Inn Express & Suites in Waller, Texas is a 75-room, three-story, interior corridor hotel located off Highway 290, just 40 miles Northwest of Houston, TX. The property is well maintained and has undergone significant renovations for the Formula Blue 2.0 PIP since 2021, finishing public areas and partially completing some room and other requirements. The hotel continues to perform well with trailing twelve-month revenue through April totaling $1,842,306 and a RevPAR Index of 102.2 as of the March 2025 Monthly STR report. Waller has a population of 56,794 according to the 2020 census. The hotel is nearby Prairie A&M University, and a Fortune 1000 company, Daikin-Goodman Manufacturing. Daikin's facilities in Waller include the Daikin Texas Technology Park, a consolidated manufacturing, engineering, and logistics facility campus for Daikin, Goodman, and Amana brands. It's one of the largest HVAC manufacturing facilities in the country, with over 4 million square feet under one roof. The facility is expected to employ thousands of people and has a significant economic impact on the Houston area. Daikin invested $417 million in this facility, making it the largest single investment in Goodman's history. Major employers and demand generators in the area also include Alegacy, AFGlobal, Buc-ee's, R&L Carriers, Laney Drilling, MAN Energy Solutions, Houston Premium Outlets, and much more. A major nearby development—the region’s first water-themed resort—is set to open in May 2026 in Waller County, just 20 miles away. The $30 million Crystal Lagoon Resort will feature a 4-acre crystal-clear artificial lagoon, four white sand beaches, a tropical swim-up bar, and a range of water activities such as paddle boating, kayaking, and sailing in partnership with the National Sailing Club.

FOR SALE DETAILS

PRICE

$6,100,000 USD

PRICE/SF

$139 USD /SF

# OF ROOMS

75

PRICE/ROOM

$81,333 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites Waller

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2009

PARKING SPACES

80

LAND DETAILS

LAND ACRES

2.4 AC

LAND SF

104,544 SF

ZONING

None

APN/PARCEL ID

1308490010003

ASK ABOUT THIS PROPERTY

Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

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Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

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