Studio 6 Channelview, TX – Baytown West 16939 East Fwy 56 Hotel Rooms Online Auction Sale Channelview, TX 77530
INVESTMENT HIGHLIGHTS
- Well-established 56-room, two-story hotel with an interior corridor with ideal convenience in Channelview, Texas.
- This premium investment promises a steady influx of guests seeking business and leisure experiences, which are ideal for a desirable occupancy.
- Channelview is part of the Greater Houston MSA, benefiting from its proximity to ExxonMobil Chemical Baytown Technology and Engineering Complex.
- Strategically located just off a stretch of major thoroughfare Interstate 10 with prime building and signage visibility in front of over 121,700 VPD.
- Accessibly positioned less than a 30-mile commute from both George Bush Intercontinental Airport (IAH) and William P. Hobby Airport (HOU).
- Situated by a range of historical, natural, and recreational attractions, including Lake State Park, Baytown Nature Center, Lynchburg Ferry, and more.
EXECUTIVE SUMMARY
As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Studio 6 Channelview, Texas—Baytown West. This 56-room, two-story hotel is located at 16939 East Freeway Service Road in Channelview, Texas, just off a stretch of Interstate 10 that averages nearly 122,000 vehicles per day. This G6 Hospitality-branded hotel offers various common area amenities, including a guest coin laundry facility and a business center.
Strategically positioned less than 30 miles from both George Bush Intercontinental Airport (IAH) and William P. Hobby Airport (HOU), the Studio 6 Channelview offers exceptional connectivity for travelers. George Bush Intercontinental Airport, a major hub serving over 45 million passengers annually, provides extensive domestic and international flight options. William P. Hobby Airport, a key hub for Southwest Airlines, handles over 14 million passengers yearly, offering a convenient alternative for US travel.
Channelview, located in Harris County just 15 miles east of Houston along the Houston Ship Channel, benefits from its prime location within the Greater Houston metropolitan area. The city's economy is bolstered by a strong industrial and petrochemical presence anchored by major employers. ExxonMobil Chemical Baytown Technology & Engineering Complex, with approximately 7,000 employees, is 7.3 miles from the site. LyondellBasell, employing around 2,000 people, is located at a 4.4-mile distance, making this location ideal to support the local workforce. Houston Methodist Baytown Hospital, situated 9.8 miles away, employs approximately 1,500 individuals and operates 269 beds.
In addition to its industrial strengths, Channelview offers a rich blend of historical, natural, and recreational attractions. The San Jacinto Battleground, 15.5 miles away, invites visitors to explore the state's quest for independence, while Sheldon Lake State Park, within a 10.8-mile drive, provides scenic trails through diverse landscapes. About 7 miles away, the 500-acre Baytown Nature Center attracts birdwatchers and nature enthusiasts. The historic Lynchburg Ferry offers a unique crossing experience over the Houston Ship Channel, and boat tours provide insight into the region's industrial significance. The combination of economic vitality, strategic location, and diverse attractions positions Studio 6 Channelview as an ideal choice for hotel investment, promising a steady influx of guests seeking both business and leisure experiences.
Property tours are available by appointment only. Please contact the broker to schedule.
Strategically positioned less than 30 miles from both George Bush Intercontinental Airport (IAH) and William P. Hobby Airport (HOU), the Studio 6 Channelview offers exceptional connectivity for travelers. George Bush Intercontinental Airport, a major hub serving over 45 million passengers annually, provides extensive domestic and international flight options. William P. Hobby Airport, a key hub for Southwest Airlines, handles over 14 million passengers yearly, offering a convenient alternative for US travel.
Channelview, located in Harris County just 15 miles east of Houston along the Houston Ship Channel, benefits from its prime location within the Greater Houston metropolitan area. The city's economy is bolstered by a strong industrial and petrochemical presence anchored by major employers. ExxonMobil Chemical Baytown Technology & Engineering Complex, with approximately 7,000 employees, is 7.3 miles from the site. LyondellBasell, employing around 2,000 people, is located at a 4.4-mile distance, making this location ideal to support the local workforce. Houston Methodist Baytown Hospital, situated 9.8 miles away, employs approximately 1,500 individuals and operates 269 beds.
In addition to its industrial strengths, Channelview offers a rich blend of historical, natural, and recreational attractions. The San Jacinto Battleground, 15.5 miles away, invites visitors to explore the state's quest for independence, while Sheldon Lake State Park, within a 10.8-mile drive, provides scenic trails through diverse landscapes. About 7 miles away, the 500-acre Baytown Nature Center attracts birdwatchers and nature enthusiasts. The historic Lynchburg Ferry offers a unique crossing experience over the Houston Ship Channel, and boat tours provide insight into the region's industrial significance. The combination of economic vitality, strategic location, and diverse attractions positions Studio 6 Channelview as an ideal choice for hotel investment, promising a steady influx of guests seeking both business and leisure experiences.
Property tours are available by appointment only. Please contact the broker to schedule.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
MARKET ANALYTICS Click Here to Access
$99,999
Asset Value
$99,999
12 Month Sales Volume
12 Month Sales Volume
Total
Lowest
Highest
Transactions
999
-
-
Sales Volume
$99,999
$99,999
$99,999
Properties Sold
999
-
-
Transacted Rooms
999
999
999
Average Rooms
999
999
999
9.9%
Market Cap Rate
9.9%
Market Sale Price/Room Change (YOY)
12 Month Sales Price
Average
Lowest
Highest
Market
Cap Rate
9.9%
9.9%
9.9%
9.9%
Sale Price/Room
$99,999
$99,999
$99,999
$99,999
Sale Price
$99,999
$99,999
-
-
Sale vs Asking Price
-9.9%
-9.9%
-9.9%
-
Months to Sale
9.9%
9.9%
9.9%
-
Market Sale Price per Room
Houston - TX USA
Market Cap Rate
Houston - TX USA
Market Sale Price per Room by Class
Luxury & Upper Upscale
Upscale & Upper Midscale
Midscale & Economy
Market Cap Rate by Class
Luxury & Upper Upscale
Upscale & Upper Midscale
Midscale & Economy
Market Sale Price per Room Distribution
Market Cap Rate Distribution
PROPERTY FACTS
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.72 AC |
| Building Size | 24,592 SF |
| No. Rooms | 56 |
| No. Stories | 2 |
| Year Built/Renovated | 1992/2018 |
| Parking Ratio | 2.44/1,000 SF |
| Corridor | Interior |
| Zoning | C - N/A |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 56 | $54.00 | - |
PROPERTY TAXES
| Parcel Number | 0650900070001 | Improvements Assessment | $754,635 |
| Land Assessment | $450,006 | Total Assessment | $1,204,641 |
SALE ADVISOR
SALE ADVISOR
Rajan Patel, Associate
(713) 452-4200
Contact
Born and raised in Bakersfield, California Rajan Patel graduated from California State University Bakersfield in Finance. Prior to joining Marcus & Millichap, Rajan operated a franchise hotel in Houston for over 5 years. Rajan is a consultative real estate professional with proven experience in the hotel industry. With over 10 years of hospitality experience in operating, managing, and owning hotels, Raj is an associate on the Miller-Gomes team at Marcus & Millichap.
Before working in the hotel industry, Raj worked as a business banker for Capital One, where he handled business accounts in full and specialized in home and auto loans for clients.
When Raj is not talking or learning about real estate he can be found playing golf or basketball. He also enjoys hanging out with his friends on weekends and watching football.
Before working in the hotel industry, Raj worked as a business banker for Capital One, where he handled business accounts in full and specialized in home and auto loans for clients.
When Raj is not talking or learning about real estate he can be found playing golf or basketball. He also enjoys hanging out with his friends on weekends and watching football.
ABOUT THE AUCTION PLATFORM
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
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AUCTION CONTACT
Derek Rudd
Contact
Auctioneer License:
Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
