The property will be sold free and clear of any encumbrances. The land value now far exceeds the improvements and the site is best suited for redevelopment to an alternative or upgraded use.
The subject property is 3.23 acres and is improved with a 167 room exterior corridor Extended Stay America branded hotel built in 1995.
NewQuest Properties has been retained as the exclusive Broker for the disposition of 7979 Fannin Street in Houston, Texas.