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Browse More Listings in Hotel & Motel For Sale, Houston, TX or Texas

Hotel / Motel - Off Market

Houston

Houston, Houston, TX 77029

Price:
N/A
No. Rooms:
55
Building Size:
35,000 SF
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Business For Sale
Average Daily Rate:
$99
RevPAR:
$75
No. Stories:
3
Year Built:
2008
Corridor:
Yes
Lot Size:
1 AC

Last Verified 4/16/2009 Listing ID 15922814

Highlights

Awesome opportunity in a great market.
Some financing available for qualified buyer

Will compete against the Holiday Express (ADR: $124; RevPar: $108), Best Western (ADR: $82;RevPar: $67). Both of these hotels have occupancy rates wel

Description

Great opportunity to own a new 55 room Sleep Inn in the booming hotel market of Houston, Texas. The hotel site is near the Budwieser plant close to the intersections of the tollway and Hwy 610. Sleep Inn has made a very strong presence in the select service sector of the Texas market. Sleep Inn has 12 new locations that have opened since 2006 and has 50 locations under development in Texas, Oklahoma, and Arkansas. Sleep Inn is rated Top 4 in Guest Satisfaction for franchised id-scale Hotels. This hotel boasts a contemporary feel with warm, rich colors, and the curb appeal is very inviting to transient traffic. The hotel suites have separate living areas, sleeper sofas, working desks, microwaves and refrigerators for guests. The hotel has a coffee shop/breakfast area conference room, fitness area and pool. This opportunity is value priced at $4,900,000.

Beautiful new 55 room Sleep Inn to be located in Houston, TX.
Near Hwy 610 and Tollway, and the Budwieser plant.

Map of Houston, Houston, TX 77029 (Harris County)

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Created 10/1/2008

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Hotel & Motel Property For Sale - Sleep Inn-Houston, TX

Houston, Houston, TX, 77029