1055 McNee Rd | Houston, TX 77054
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- LoopNet Team
1055 McNee Rd
Houston, TX 77054
Comfort Suites Near Medical Center-NRG · Hospitality Property For Sale
·
34,861 SF
INVESTMENT HIGHLIGHTS
- The hotel is being offered as part of a Chapter 11 bankruptcy process, allowing a qualified buyer to acquire it free & clear of liens & encumbrances.
- 55-key count is considered an ideal size for an experienced owner/operator, offering the ability to restructure operations to boost NOI flow-through.
- New 20-year franchise license agreement with Choice Hotels expected with PIP completion.
- The Texas Medical Center and NRG Park area is a densely developed & highly sought-after submarket due to high land costs & limited franchise options.
- Over the last 3 years, the hotel recorded a stable revenue average of $1,650,000 (rounded) annually, reflecting the presence of steady market demand.
- This opportunity presents an investor the ability to acquire the property at a price well below replacement cost at $121,000 (rounded) per key.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 2002/2021 |
| Building Class | B | Parking Ratio | 1.18/1,000 SF |
| Lot Size | 0.98 AC | Corridor | Interior |
| Building Size | 34,861 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.98 AC |
| Building Size | 34,861 SF |
| No. Stories | 4 |
| Year Built/Renovated | 2002/2021 |
| Parking Ratio | 1.18/1,000 SF |
| Corridor | Interior |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Shuttle Service
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
PROPERTY TAXES
| Parcel Number | 1211680010001 | Improvements Assessment | $3,839,035 |
| Land Assessment | $1,068,275 | Total Assessment | $4,907,310 |
PROPERTY TAXES
Parcel Number
1211680010001
Land Assessment
$1,068,275
Improvements Assessment
$3,839,035
Total Assessment
$4,907,310
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