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Fairfield Inn & Suites Houston Richmond 22010 Southwest Fwy 80 Room Hotel Richmond, TX 77469 $7,500,000 ($93,750/Room)

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INVESTMENT HIGHLIGHTS

  • Just 10 minutes from Smart Financial Centre, offering quick access to premier entertainment and event venues.
  • Just 12 minutes from Costco, offering convenient access to one of the region’s most popular retail destinations.
  • Close to River Park West, providing effortless access to one of Richmond’s most sought-after residential neighborhoods.
  • Just 12 minutes from OakBend Medical Center, offering convenient access to one of Fort Bend County’s leading healthcare facilities

EXECUTIVE SUMMARY

This hotel located in Richmond, Texas, offers a prime investment opportunity. Situated just 5.6 miles from the Smart Financial Centre and 8.6 miles from Constellation Field, the property is in a suburban area with strong local demographics, including a population of 9,131 within a 1-mile radius and a median household income of $110,652. The Fairfield Inn & Suites Houston Richmond, a 3-star Marriott-branded hotel, features 80 rooms across three stories on a 2.49-acre lot. Amenities include an outdoor swimming pool, a fitness center, free WiFi, and free private parking. Additional features include family rooms, a business center, and vending machines for snacks and drinks. Located 34 miles from William P. Hobby Airport, this property provides a well-rounded experience for both leisure and business guests.

ATTACHMENTS

Proposal-160717

DATA ROOM Click Here to Access

PROPERTY FACTS Under Contract

Price $7,500,000
Price Per Room $93,750
Sale Type Investment
Property Type Hospitality
Property Subtype
Hotel
Building Class B
Lot Size 2.49 AC
Building Size 40,645 SF
No. Rooms 80
No. Stories 3
Year Built 2020
Parking Ratio 1.97/1,000 SF
Corridor Interior
Zoning Commercial

AMENITIES

  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Smoke-Free
  • Digital key

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Suite 2 $129.00 -
Guest Room 78 $74.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
9518-00-001-0050-901
Land Assessment
$1,949,270
Improvements Assessment
$3,441,171
Total Assessment
$5,390,441
  • Listing ID: 33626256

  • Date on Market: 10/24/2024

  • Last Updated:

  • Address: 22010 Southwest Fwy, Richmond, TX 77469

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