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11003 W Fairmont Pky
La Porte, TX 77571
Lender Short Sale Spark by Hilton Conversion · Hospitality Property For Sale
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57,189 SF
Investment Highlights
- Spark by Hilton Conversion Opportunity - Hilton Spark conversion is possible at this location. Please ask brokers for more details
- Priced Well Below Replacement Cost-This offering presents a rare opportunity to acquire a Hilton branded property significantly below replacement cost
- Corporate/Leisure Demand Mix - Located in the heart of the Bay Area, the Property benefits from a variety of demand drivers
- Lender Short Sale - The hotel is being sold below the current loan amount. Please ask brokers for more details.
- Significant Upside-Significant upside potential for a new owner to ramp up the hotel’s room revenue significantly upon the completion of Spark PIP
- 2nd Fastest Growing Metro In the U.S. -Houston is the second fastest growing major metro area in the U.S. and the fifth most populated in the nation
Property Facts
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2010/2016 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.92 AC | Parking Ratio | 1.63/1,000 SF |
| Building Size | 57,189 SF | Corridor | Interior |
| Zoning | C - Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.92 AC |
| Building Size | 57,189 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2010/2016 |
| Tenancy | Single |
| Parking Ratio | 1.63/1,000 SF |
| Corridor | Interior |
| Zoning | C - Commercial |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
Property Taxes
| Parcel Number | 1317730010003 | Improvements Assessment | $2,022,244 |
| Land Assessment | $502,256 | Total Assessment | $2,524,500 |
Property Taxes
Parcel Number
1317730010003
Land Assessment
$502,256
Improvements Assessment
$2,022,244
Total Assessment
$2,524,500
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