600 US Highway 59 S - Hospitality FOR SALE
Cleveland, TX 77327 |
600 US Highway 59 S
Cleveland, TX 77327
HIGHLIGHTS
- Ideal opportunity for a new investor to benefit from a recently renovated Holiday Inn Express & Suites in a growing market within a major Texas MSA.
- Over $2.1 million spent to renovate multiple areas of the property with the brand’s Formula Blue 2.0 design scheme.
- Third-party managed, opportunity for an experienced owner/operator to reduce expenses and improve cash-flows.
- Property achieved $2,000,000 in revenues last year, a year-over-year increase of 27.3%
- An investor can expect a new, long-term franchise agreement with IHG.
- BNSF Railway is developing the Logistics Center North Houston at Cleveland, a 1,200-acre industrial and business park in Cleveland, Texas.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Holiday Inn Express & Suites Cleveland
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
43267
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2011
PARKING SPACES
62
LAND DETAILS
LAND ACRES
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LAND SF
-
ZONING
C-2
APN/PARCEL ID
004060-000106-010
