6229 Richmond Ave - Hospitality FOR SALE


Houston, TX 77057- Uptown Houston
$7,200,000 USD
281-968-5019
6229 Richmond Ave, Houston, TX for Sale
$7,200,000 USD
Hospitality - FOR SALE
1/16
null | Request Cap Rate

6229 Richmond Ave
Houston, TX 77057
Uptown Houston


HIGHLIGHTS

  • 72-Key Best Western in Houston's most exclusive sub-market - The Galleria
  • Consistent Top Line Revenue
  • Absentee Owned
  • Minimal PIP

OVERVIEW

Seth Equities is pleased to present an exceptional opportunity to acquire the Best Western Inn & Suites Houston – Galleria, a well-maintained 72 room limited-service hotel located in Houston’s high-demand Galleria/Uptown submarket. The property offers strong brand affiliation, consistent performance, and excellent visibility on Richmond Avenue, just minutes from The Galleria Mall, Greenway Plaza, and Downtown Houston. Ideal for owner-operators or investors seeking a proven asset with value-add potential in one of Houston’s most dynamic hotel markets. Best Western Inn & Suites Houston – Galleria Address: 6229 Richmond Ave, Houston, TX 77057 Broker: Seth Equities – Hotel Brokerage & Advisory Prime Galleria / Uptown Houston Location The Best Western Inn & Suites Houston – Galleria is ideally located in the heart of Houston’s premier Uptown district, just minutes from The Galleria Mall, Greenway Plaza, and Downtown Houston. -Excellent visibility along Richmond Avenue with strong daily traffic counts -Convenient access to I-610 Loop, US-59/I-69, and Westpark Tollway -Surrounded by major employers, retail centers, and dining options -Only 5 minutes to The Galleria and Uptown Park Hotel Overview This well-maintained limited-service hotel provides consistent performance and brand recognition within one of Houston’s most stable lodging markets. Flag: Best Western Inn & Suites Rooms: 72 Stories: 3 Building Size: ±41,540 SF Lot Size: ±1.57 Acres Parking: Ample on-site parking Investment Highlights Strong Brand Affiliation – Backed by Best Western’s global marketing, distribution, and loyalty program Steady Operating History – Reliable revenue supported by repeat business and diversified demand High-Barrier Submarket – Limited new hotel supply in the Galleria corridor Attractive Upside Potential – Opportunity to enhance ADR and occupancy through light renovations and revenue management Unencumbered Management – Available free of management or franchise encumbrances upon sale Area Demand Drivers Located within Houston’s most dynamic commercial and leisure district, the property benefits from year-round demand generators: The Galleria Mall – Texas’ largest shopping destination Uptown Houston & Greenway Plaza – Major employment and office hubs Texas Medical Center – World’s largest medical complex Downtown Houston – Convention, entertainment, and sports attractions NRG Park, Minute Maid Park, and Toyota Center – Consistent event-driven demand Property Features Spacious guest rooms and suites with modern furnishings Outdoor pool, fitness area, and breakfast lounge Updated lobby and public areas Excellent visibility and signage on high-traffic Richmond Avenue Turnkey investment for owner-operator or investor Submarket Overview: Galleria / Uptown Houston The Galleria/Uptown submarket is Houston’s largest mixed-use district, with over 26 million square feet of office space, 700+ retail stores, and numerous high-end restaurants and entertainment venues. Home to major employers: AIG, Bechtel, Landry’s, Schlumberger Strong weekday corporate and weekend leisure demand Ongoing redevelopment and population growth supporting long-term hotel stability Financial Summary Consistent top-line revenue with room for rate growth Upside opportunity through renovation and repositioning Financials available upon execution of NDA *Attractive Seller Financing Package Available for Qualified Buyers* Visit the deal room for more information https://dealroom.creop.com/SignIn/bTJNaGhvWkZKcjQ2Ynp6cm1aTlVOWGNVaUl6SGlGdUQrdXMweW01cExUND0=

FOR SALE DETAILS

PRICE

$7,200,000 USD

PRICE/SF

$173 USD /SF

# OF ROOMS

72

PRICE/ROOM

$100,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western Galleria Inn & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2002

PARKING SPACES

72

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,389 SF

ZONING

None

APN/PARCEL ID

1212320010001

ASK ABOUT THIS PROPERTY

Rorik SethSeth EquitiesMore Info
281-968-5019

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Rorik SethSeth EquitiesMore Info
281-968-5019

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