2409 Texmati Dr | Katy, TX 77494
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2409 Texmati Dr
Katy, TX 77494
Hilton Garden Inn · Hospitality Property For Sale
·
65,980 SF
INVESTMENT HIGHLIGHTS
- The note was originated in July 2013 with a 10-year term, 20-year amortization, and an interest rate of 5.41% with a balance of approximately $7.4M.
- Property is ideally located in west Houston (Katy, Texas) with easy accessibility to Interstate-10 with upwards of 206,000 vehicles passing daily.
- Situated within 8 miles of the core area demand including the 208-bed Memorial Hermann Hospital, Igloo Coolers Headquarters, and Academy Sports HQ.
- The note was transferred to special servicing in June 2020 with borrower failing to make April debt service payment sighting COVID related disruption.
- Located approximately two miles from the Katy Mills Mall and Typhoon Texas Waterpark, the shopping and leisure staples of the west Houston suburb.
- Houston was the fastest growing metropolitan area from 2010-2019 with 1.28MM new residents and is projected to gain another 1.24MM residents by 2029.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built | 2008 |
| Building Class | B | Tenancy | Single |
| Lot Size | 2.23 AC | Parking Ratio | 2.08/1,000 SF |
| Building Size | 65,980 SF | Corridor | Interior |
| Zoning | c | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.23 AC |
| Building Size | 65,980 SF |
| No. Stories | 4 |
| Year Built | 2008 |
| Tenancy | Single |
| Parking Ratio | 2.08/1,000 SF |
| Corridor | Interior |
| Zoning | c |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- On-Site Bar
- Meeting Event Space
PROPERTY TAXES
| Parcel Number | 1199120040002 | Improvements Assessment | $3,270,948 |
| Land Assessment | $3,407,460 | Total Assessment | $6,678,408 |
PROPERTY TAXES
Parcel Number
1199120040002
Land Assessment
$3,407,460
Improvements Assessment
$3,270,948
Total Assessment
$6,678,408
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