199 Interstate 45 S | Huntsville, TX 77340
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- LoopNet Team
199 Interstate 45 S
Huntsville, TX 77340
Home2 Suites by Hilton Huntsville · Hospitality Property For Sale
·
43,752 SF
INVESTMENT HIGHLIGHTS
- Rare opportunity to acquire a newly built 90-key Home2 Suites by Hilton, within an hour from a major Texas MSA.
- Quick ramp-up period expected, this is only midscale extended-stay option in Huntsville or within 25-mile radius.
- Stabilized rooms revenue is anticipated to exceed $4 million ($123 RevPAR), with an NOI flow-through of over $1.8 million.
- Having opened in March 2024, minimal to no change-of-ownership PIP is expected for new ownership.
- Achieved over $225k ($84 RevPAR) in room revenues in April and tracking to do over $260k ($93 RevPAR) in May.
- Huntsville is home to Sam Houston State University & the HQ for the Texas Department of Criminal Justice, with a local prison system of 7 facilities.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built | 2024 |
| Building Class | B | Parking Ratio | 1.67/1,000 SF |
| Lot Size | 1.96 AC | Corridor | Interior |
| Building Size | 43,752 SF | ||
| Zoning | None | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.96 AC |
| Building Size | 43,752 SF |
| No. Stories | 4 |
| Year Built | 2024 |
| Parking Ratio | 1.67/1,000 SF |
| Corridor | Interior |
| Zoning | None |
AMENITIES
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Digital key
PROPERTY TAXES
| Parcel Number | 66289 | Improvements Assessment | $8,364,970 |
| Land Assessment | $512,550 | Total Assessment | $8,877,520 |
PROPERTY TAXES
Parcel Number
66289
Land Assessment
$512,550
Improvements Assessment
$8,364,970
Total Assessment
$8,877,520
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