8845 West Rd - Hospitality FOR SALE
Houston, TX 77064 |
8845 West Rd
Houston, TX 77064
HIGHLIGHTS
- The hotel has begun to ramp up significantly, evidenced by the September 2022 running-three-month room-night demand increase of 19.0%.
- The hotel opened in 2021, and ownership has maintained the physical asset well; thus, no change-of-ownership PIP is expected.
- The property is being offered free and clear of any management encumbrances.
- Corporate demand generators in the area include the West Road Business Park, West Sam Houston Business Park, and Fallbrook Pines Business Park.
- Leisure demand generators in the area include the Sam Houston Race Park and Willowbrook Mall.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
TownePlace Suites Houston Northwest/Beltway 8
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
58024
STORIES
4
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2021
PARKING SPACES
86
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
1411720010001
