Hampton by Hilton Inn & Suites La Porte 1328 Highway 146 87 Room Hotel La Porte, TX 77571 For Sale

Offered unencumbered of debt and management with significant operational upside for prospective Owner/Operator with Efficient Marketing team to incorporate revenue management strategy .After PIP Completion , Refreshed Room product will allow the new owner to more effectively compete by improving penetration within the Transient competitive set while increasing cash flow through improving operating margins. Situated Very near from Highway 146 at Fairmount Parkway , Not far from Kemah Broadwalk and NASA and Baytown . Lyondell Basell's La Porte complex spans 540 acres and produces ethylene, propylene, linear low-density polyethylene (LLDPE) and low-density polyethylene (LDPE).Svylan Beach is 1.5 Miles Approximately Away from Subject property . Barbours Cut Terminal la Porte -Today, a modernization program is underway to increase cargo handling efficiency and capacity that includes the replacement of older Panamax cranes with larger Post Panamax Ship-to-Shore cranes, lights and dock improvements and yard reconfiguration. The program is expected to increase capacity from 1.2 million to 2 million TEUS when completed. Perfect time to be investing in Houston with the city home to nearly 7MM residents, the second highest. number of Fortune 500 headquarters within the US.Houston was the second fastest growing metropolitan area from 2010-2020 with approximately 1.28MM new residents and is projected to gain another 1.24MM residents by 2029, which will make it one of the fastest growing MSAs in the US for two consecutive decades.
Video Tour Link to the Property. https://vimeo.com/1177854754?share=copy&fl=sv&fe=ci