9120 West Rd - Hospitality FOR SALE
Houston, TX 77064 |
9120 West Rd
Houston, TX 77064
HIGHLIGHTS
- Lender-owned and operated, 87-room, 2010-built Holiday Inn Express & Suites situated off Beltway 8 and West Road in northwest Houston, TX.
- Offered fee simple and free and clear of existing management and financing affording new ownership maximum optionality in the future operations.
- The Hotel is projected to have a stabilized RevPAR of $69, with a room revenue of approximately $2.2 million in year 3.
- Lender-owned property with significant upside for new owner and the ability to be purchased significantly below replacement cost.
- Excellent opportunity to increase room revenue and NOI in the quickly re-bounding business and leisure travel industries post Covid-19.
- Proximate to multiple leisure demand drivers, only 4 miles south of Sam Houston Race Park and 20 miles to PNC Stadium and Minute Main Park.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Holiday Inn Express & Suites Houston NW
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
52057
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2010
PARKING SPACES
79
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
1308820010005
