2205 Pasadena Fwy | Pasadena, TX 77506
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
2205 Pasadena Fwy
Pasadena, TX 77506
La Quinta Inn & Suites Pasadena North · Hospitality Property For Sale
·
35,526 SF
INVESTMENT HIGHLIGHTS
- In 2023, the hotel generated almost $1,400,000 in revenue, reflecting a 25.0% increase from the previous year.
- Hotel's GOP averages $536,440 (38.7%). Target stabilized GOP: $626,031. ADR at $82.54, needing improvement compared to competition.
- Favorably located along Pasadena Freeway, near corporate hubs like Kinder Morgan, Marathon Petroleum. Pasadena benefits from Houston's attractions.
- This opportunity presents an investor with the ability to acquire the property at a price well below replacement cost at $82,540 per key.
- Franchise approval brings new Wyndham license, tapping into brand's national appeal and 100M Wyndham Rewards members.
- Pasadena undergoes transformation with a $250M plant, Ethox Chemicals' facility, and a $50M arena renovation, elevating its economic status.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2010/2011 |
| Building Class | B | Parking Ratio | 1.88/1,000 SF |
| Lot Size | 1.61 AC | Corridor | Interior |
| Building Size | 35,526 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.61 AC |
| Building Size | 35,526 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2010/2011 |
| Parking Ratio | 1.88/1,000 SF |
| Corridor | Interior |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 0450020010107 | Improvements Assessment | $3,023,424 |
| Land Assessment | $839,484 | Total Assessment | $3,862,908 |
PROPERTY TAXES
Parcel Number
0450020010107
Land Assessment
$839,484
Improvements Assessment
$3,023,424
Total Assessment
$3,862,908
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
