832-607-1579
9090 Southwest Fwy, Houston, TX for Sale
Hospitality - FOR SALE
1/21
null | Request Cap Rate

9090 Southwest Fwy
Houston, TX 77074
Sharpstown


OVERVIEW

Nine-Story, 243-Room, Previously IHG Hotels & Resorts Branded Hotel. Property Closed in 2019 - Currently Closed. Multiple Hotel Repositioning Opportunities Available. Possible Alternative Use Opportunities. Close Proximity to Sugarland , NRG Stadium, Home of the Houston Texans (NFL) Notable Demand Generators include The Galleria, Memorial Park, Houston Zoo, Baker Hughes and Conoco Phillips World Headquarters .Offered Fee-Simple, Unencumbered by Franchise, Management Contracts or Existing Debt . As of July, Houston Southwest Freeway 12-month occupancy is 62.8%, 12-month ADR is $88, and 12-month RevPAR is $55.Property to be SOLD AS IS WHERE IS BASIS . Property Needs TLC and Probably Full Service Hotel Franchise . Fresh Franchise PIP Completion will allow the new owner to more effectively compete by improving penetration within the Transient competitive set while increasing cash flow through improving operating margins.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

243

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crowne Plaza Suites Houston Near Sugar Land

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

9

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1981

PARKING SPACES

209

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

N/Ap Houston

APN/PARCEL ID

1043670000005

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Amit MehtaAmit Mehta IncMore Info
832-607-1579

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Amit MehtaAmit Mehta IncMore Info
832-607-1579

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