15701 Park Ten Pl | Houston, TX 77084
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- LoopNet Team
15701 Park Ten Pl
Houston, TX 77084
Red Roof PLUS+ Houston - Energy Corridor · Hospitality Property For Sale
·
50,690 SF
INVESTMENT HIGHLIGHTS
- Prime location: The 120-room, 3-story hotel at 15701 Park Ten Place in Houston is just off Interstate 10, which sees nearly 200,000 vehicles daily.
- High Market Penetration: The hotel achieved 80% occupancy and 99% ADR penetration in 2024, with room to grow via strategic management and marketing.
- Proximity to Demand Generators: Minutes from TopGolf, Katy Mills, Memorial City Mall, and major hospitals like Houston Methodist and Memorial Hermann.
- Strong Revenue Growth: Room revenue grew 12.1% YoY in 2024 after a 7.7% increase in 2023, signaling strong financial performance and upside potential.
- Energy Corridor Demand: In Houston’s Energy Corridor, home to 26M SF of office space and 105,000+ jobs, driving steady corporate lodging demand.
- Access to Industrial Hubs: Surrounded by industrial areas like Deer Park, Pasadena, & Texas City with major employers like Shell, Dow, and ExxonMobil.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 1995 |
| Building Class | C | Tenancy | Single |
| Lot Size | 2.49 AC | Parking Ratio | 2.64/1,000 SF |
| Building Size | 50,690 SF | Corridor | Interior |
| Zoning | Commercial - Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.49 AC |
| Building Size | 50,690 SF |
| No. Stories | 3 |
| Year Built | 1995 |
| Tenancy | Single |
| Parking Ratio | 2.64/1,000 SF |
| Corridor | Interior |
| Zoning | Commercial - Commercial |
AMENITIES
- Fitness Center
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 1181920010002 | Improvements Assessment | $805,212 |
| Land Assessment | $1,901,950 | Total Assessment | $2,707,162 |
PROPERTY TAXES
Parcel Number
1181920010002
Land Assessment
$1,901,950
Improvements Assessment
$805,212
Total Assessment
$2,707,162
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