6712 Morningside Dr - Hospitality FOR SALE


Houston, TX 77030- University Place
$3,200,000 USD
832-244-6830
6712 Morningside Dr, Houston, TX for Sale
$3,200,000 USD
Hospitality - FOR SALE
1/20
null | Request Cap Rate

6712 Morningside Dr
Houston, TX 77030
University Place


HIGHLIGHTS

  • The Rodeway Inn & Suites hotel is in a prime location near Houston's prestigious medical center.
  • The hotel is in turnkey condition enabling a great investment opportunity with value-add potential down the line.
  • Highly visible and accessible at the hard corner intersection of Morningside Drive and Sheridan Street, off the heavily trafficked W Holcombe Blvd.
  • Less than a 40-minute drive from the George Bush Intercontinental Airport and less than a 30-minute drive from the William Hobby Airport.

OVERVIEW

The MPR Group is pleased to present the exceptional investment opportunity of the Rodeway Inn & Suites, in the heart of Houston’s Medical Center District, to the market for investment acquisition. The Rodeway Inn & Suites is a well-maintained, income-producing hospitality asset located at 6712 Morningside Drive, just minutes from world-renowned hospitals, universities, and key attractions. This two-story hotel features 34 guest rooms, ample parking, and easy access to major thoroughfares such as Fannin Street, Holcombe Boulevard, and Highway 288. Its prime location ensures consistent demand from medical professionals, patients, university visitors, and tourists alike. The hotel is ideally located with high visibility at a corner lot in a premium urban location, and many patrons benefit from the proximity to the Texas Medical Center, Rice University, NRG Stadium, and the Museum District. The Rodeway Inn & Suites is a turnkey operational hotel with an established clientele. There is a potential value-add opportunity through renovations or brand repositioning. The parcel is zoned for commercial use with significant foot and vehicular traffic. Whether you're an investor seeking a steady income stream or a hospitality operator looking to expand your portfolio, this property delivers both performance and potential.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$185 USD /SF

# OF ROOMS

30

PRICE/ROOM

$106,667 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rodeway Inn & Suites | Near Houston Medical

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

None

APN/PARCEL ID

0410170090100

ASK ABOUT THIS PROPERTY

Mickey PatelMPR GroupMore Info
832-244-6830

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Mickey PatelMPR GroupMore Info
832-244-6830

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