10247 Hwy 59 | Wharton, TX 77488
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10247 Hwy 59
Wharton, TX 77488
Holiday Inn Express & Suites Wharton · Hospitality Property For Sale
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39,146 SF
INVESTMENT HIGHLIGHTS
- From 2018 through 2023, rooms revenue consistently averaged over $2,000,000 (rounded).
- The change-of-ownership PIP estimated at $1.24 million or $20k per key (PIP report available in the VDR).
- Beneficial location along the frontage road of I-69 in Wharton, which is less than 40 minutes from Sugar Land, midway between Houston and Victoria.
- In 2023, the hotel achieved rooms revenue of $2,300,000 (rounded), a 12.9% increase from 2022, reflecting its highest performance in recent years.
- New ownership can expect a new long-term license agreement with IHG.
- Wharton is considered a tertiary market, meaning less exposure and susceptibility to major economic headwinds that impact primary markets.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2004/2015 |
| Building Class | B | Parking Ratio | 1.63/1,000 SF |
| Lot Size | 1.87 AC | Corridor | Interior |
| Building Size | 39,146 SF | ||
| Zoning | F1 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.87 AC |
| Building Size | 39,146 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2004/2015 |
| Parking Ratio | 1.63/1,000 SF |
| Corridor | Interior |
| Zoning | F1 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | R031265 | Improvements Assessment | $4,051,571 |
| Land Assessment | $856,472 | Total Assessment | $4,908,043 |
PROPERTY TAXES
Parcel Number
R031265
Land Assessment
$856,472
Improvements Assessment
$4,051,571
Total Assessment
$4,908,043
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