12401 Katy Fwy | Houston, TX 77079
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
12401 Katy Fwy
Houston, TX 77079
Courtyard Houston I-10 West/Energy Corridor · Hospitality Property For Sale
·
102,672 SF
INVESTMENT HIGHLIGHTS
- Excellent opportunity to acquire a premium-branded, institutionally maintained hotel with historically strong cash flow. Tours will be March 8,9,14,15
- Positioned directly off of I-10 within Houston’s energy corridor and has significant upside through renovations and an effective management strategy.
- The hotel has historically achieved revenues north of $4.4M prior to the pandemic and will benefit significantly from a change of ownership PIP.
- Renovations coupled with hands-on management tactics can significantly drive RevPAR to surpass pre-pandemic levels and enhance profit margins.
- The current inflationary environment and higher interest rates are putting upward pressure on construction costs and increasing construction debt.
- The hotel presents investors with an opportunity to acquire a hotel in a diverse and growing submarket for a substantial discount to replacement cost.
PROPERTY FACTS
| Sale Condition | Auction Sale | No. Stories | 3 |
| Type of Ownership | Fee Simple | Year Built/Renovated | 1979/2016 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.84/1,000 SF |
| Building Class | A | Corridor | Interior |
| Lot Size | 3.93 AC | Parcel Number | 1086520000015 |
| Building Size | 102,672 SF |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | A |
| Lot Size | 3.93 AC |
| Building Size | 102,672 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1979/2016 |
| Tenancy | Single |
| Parking Ratio | 1.84/1,000 SF |
| Corridor | Interior |
| Parcel Number | 1086520000015 |
AMENITIES
- Balcony
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
