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1003 TX-332
Clute, TX 77531
TownePlace Suites by Marriott Lake Jackson · Hospitality Property For Sale
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82 Rooms
Investment Highlights
- This opportunity presents an investor the ability to acquire the property at a price well below replacement cost at $68,292 per key
- Many petrochemical-related corporate demand generators one mile away, such as Dow Chemical’s company plant, BASF Chemicals, and SK Primacor Americas
- Operational upside after renovation
- Per December 2022 STR, Hotel ranked fourth and sixth (out of six hotels) in occupancy and average rate, presenting upside opportunity for owner
- Highly desirable extended-stay hotel asset with world-class Marriot brand affiliation
- Property is being offered free and clear of any management encumbrances, providing investor with flexibility to revamp the operational strategies
Property Facts
| Property Type | Hospitality | No. Rooms | 82 |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 2001/2016 |
| Lot Size | 2.17 AC | Parking Ratio | 1.4/1,000 SF |
| Building Size | 59,261 SF | Corridor | Interior |
| Zoning | C-2 - Business District | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.17 AC |
| Building Size | 59,261 SF |
| No. Rooms | 82 |
| No. Stories | 2 |
| Year Built/Renovated | 2001/2016 |
| Parking Ratio | 1.4/1,000 SF |
| Corridor | Interior |
| Zoning | C-2 - Business District |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
- Digital key
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 82 | $129.00 | - |
Property Taxes
| Parcel Number | 2115-0006-110 | Improvements Assessment | $5,616,880 |
| Land Assessment | $883,120 | Total Assessment | $6,500,000 |
Property Taxes
Parcel Number
2115-0006-110
Land Assessment
$883,120
Improvements Assessment
$5,616,880
Total Assessment
$6,500,000
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