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Sleep Inn & Suites Bush Intercontinental 18150 McKay Dr 54 Room Hotel Humble, TX 77338 $3,500,000 ($64,815/Room)
Investment Highlights
- The property features fee-simple ownership with surface parking accommodating 59 vehicles.
- Constructed as a low-rise, interior-corridor hotel, the asset has an established operating history dating back to its opening in 2010.
Executive Summary
Offered at a significant discount to replacement cost .The new buyer will have the opportunity to revamp the Hotel with Buyer PIP , employing a more aggressive revenue management strategy and strategic cost control initiatives. Franchise 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.
Property Well Located Near Intercontinental Airport Of Houston Texas Property has Small PIP from Choice needs to be Completed By the buyer . Buyer can also Change Franchise paying LD to Current franchise .
Property Well Located Near Intercontinental Airport Of Houston Texas Property has Small PIP from Choice needs to be Completed By the buyer . Buyer can also Change Franchise paying LD to Current franchise .
Property Facts
| Price | $3,500,000 | Building Size | 29,626 SF |
| Price Per Room | $64,815 | No. Rooms | 54 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 2010 |
| Property Subtype | Hotel | Parking Ratio | 1.76/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 1.24 AC | ||
| Zoning | F1 | ||
| Price | $3,500,000 |
| Price Per Room | $64,815 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.24 AC |
| Building Size | 29,626 SF |
| No. Rooms | 54 |
| No. Stories | 3 |
| Year Built | 2010 |
| Parking Ratio | 1.76/1,000 SF |
| Corridor | Interior |
| Zoning | F1 |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 18 | $70.00 | - |
| Guest Room | 36 | $67.00 | - |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 1214970010001 | Improvements Assessment | $2,004,877 |
| Land Assessment | $498,732 | Total Assessment | $2,503,609 |
Property Taxes
Parcel Number
1214970010001
Land Assessment
$498,732
Improvements Assessment
$2,004,877
Total Assessment
$2,503,609
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Sleep Inn & Suites Bush Intercontinental | 18150 McKay Dr