12323 Interstate 45 N
Willis, TX 77318
Red Roof Inn Conroe North Willis · Hospitality Property For Sale
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22,584 SF
Investment Highlights
- 48 Units
- 1 Hour North of Houston, Excellent Location off of Interstate 45
- New Major McDermott Power Plant in Construction
- Newly Renovated, Owner's PIP is Complete
- Large 3 Bedroom Manager's Quarters
- Under-performing the Market with High Upside Potential
Property Facts
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1998 |
| Building Class | C | Parking Ratio | 2.13/1,000 SF |
| Lot Size | 1.45 AC | Corridor | Exterior |
| Building Size | 22,584 SF | ||
| Zoning | n/a | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.45 AC |
| Building Size | 22,584 SF |
| No. Stories | 2 |
| Year Built | 1998 |
| Parking Ratio | 2.13/1,000 SF |
| Corridor | Exterior |
| Zoning | n/a |
Amenities
- Business Center
- Pool
- Spa
About 12323 INTERSTATE 45 N , WILLIS, TX 77318
The Red Roof Inn in Willis, Texas is a 48-unit, 2-story, exterior corridor hotel built in 1998. Located one hour north of Houston, Willis is located eight miles from Conroe. The Seller bought the hotel in early 2017, and the newly renovated hotel is still ramping up on it's revenue. Red Roof Inn Conroe North - Willis is conveniently situated off I-45, and minutes from both downtown Willis and Conroe. It is also close to Lake Conroe, Conroe Medical Center, Greyhound Bus Station, Star Cinema Grill, Lake of Conroe, U.S. Army Reserve Center, Lone Star Convention Center, and Montgomery County Fairgrounds. Plenty of restaurants are either next door, or just a very short drive from the hotel. The hotel has a large 3 bed manager's quarters with living room. The manager's quarters are essentially an apartment on top of the office, with an entrance from outside & downstairs, perfect for an owner operator.
Property Taxes
| Parcel Number | 0313-01-04310 | Improvements Assessment | $2,172,726 |
| Land Assessment | $506,344 | Total Assessment | $2,679,070 |
Property Taxes
