2830 Wilcrest Dr | Houston, TX 77042
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- LoopNet Team
2830 Wilcrest Dr
Houston, TX 77042
Comfort Suites Westchase Houston Energy · Hospitality Property For Sale
·
40,293 SF
INVESTMENT HIGHLIGHTS
- Over the past three years (not including 2020), the hotel’s room revenue has averaged $778,000.
- This opportunity presents an investor the ability to acquire the property at a price well below replacement cost at less than $70,000 per key.
- Over $20 million in federal funding and investments are underway in the Westchase submarket to improve the area and draw more commercial activity.
- Per October 2022 STR, occupancy was sixth out of seven competitive hotels. There is room for improvement after completing a change-of-ownership PIP.
- The property is near Houston’s Westchase District, which is home to a large concentration of oil and gas, energy, and engineering corporations.
- The property is being offered free and clear of any management encumbrances.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2000/2009 |
| Building Class | B | Parking Ratio | 1.41/1,000 SF |
| Lot Size | 1.78 AC | Corridor | Interior |
| Building Size | 40,293 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.78 AC |
| Building Size | 40,293 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2000/2009 |
| Parking Ratio | 1.41/1,000 SF |
| Corridor | Interior |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
PROPERTY TAXES
| Parcel Number | 1144110030001 | Improvements Assessment | $1,084,221 |
| Land Assessment | $2,327,790 | Total Assessment | $3,412,011 |
PROPERTY TAXES
Parcel Number
1144110030001
Land Assessment
$2,327,790
Improvements Assessment
$1,084,221
Total Assessment
$3,412,011
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