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.