2504 North Loop W | Houston, TX 77092
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- LoopNet Team
2504 North Loop W
Houston, TX 77092
Courtyard Houston Brookhollow | Receiver Sale · Hospitality Property For Sale
·
92,825 SF
INVESTMENT HIGHLIGHTS
- Terrific location near major demand drivers in Houston's Uptown, Galleria, Heights, and Downtown - off I-610 with easy access to US 290, I-10, & I-45.
- Leasehold hotel with significant RevPAR opportunity as the hotel is under-penetrating its competitive set in all metrics for T-12 April 2024.
- Chance to re-flag, revamp operations, implement cost control initiatives, and add aggressive yield management strategies to improve profitability.
- The hotel will not re-license as a Courtyard by Marriott upon sale, offering value-add opportunity through re-branding with a top franchiser.
- The hotel is located in the Houston Northwest submarket, which currently holds its highest occupancy performance since the pandemic.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1972/2014 |
| Building Class | B | Tenancy | Single |
| Lot Size | 3.21 AC | Parking Ratio | 1.03/1,000 SF |
| Building Size | 92,825 SF | Corridor | Interior |
| Zoning | None - Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.21 AC |
| Building Size | 92,825 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1972/2014 |
| Tenancy | Single |
| Parking Ratio | 1.03/1,000 SF |
| Corridor | Interior |
| Zoning | None - Commercial |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 1020480000002 | Improvements Assessment | $5,400,302 |
| Land Assessment | $2,795,860 | Total Assessment | $8,196,162 |
PROPERTY TAXES
Parcel Number
1020480000002
Land Assessment
$2,795,860
Improvements Assessment
$5,400,302
Total Assessment
$8,196,162
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