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Comfort Suites Lake Jackson Clute 296 Abner Jackson Pky 59 Room Hotel Lake Jackson, TX 77566 $3,850,000 ($65,254/Room)
Investment Highlights
- Attractive value-add opportunity: Following completion of the PIP, the hotel is well positioned to drive rate growth and enhance overall performance.
- Since opening, the hotel has generated avg. annual rooms revenue of approx. $1.25M, demonstrating a consistent track record of operating performance.
- The asset is priced at an attractive discount to replacement cost, at less than $65,000 per key.
- The property includes onsite 5 bedroom, 3 bathroom living quarters w/ private outdoor area, designed for an owner residing on the premises.
- Ownership has maintained the property exceptionally well, scoring 84.4% and 85.9% on the brand’s last two quality-assurance reports, respectively.
- Excellent location near major corporate demand generators including Dow, BASF, and Port Freeport; additional demand from regional leisure attractions.
Executive Summary
For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=162567
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 59-key Comfort Suites Lake Jackson Clute, a limited-service hotel asset in Lake Jackson, Texas. The property is in very good physical condition, presenting a hands-on owner/operator with upside to restructure the hotel’s operations by reducing expenses and improving NOI flow-through.
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 59-key Comfort Suites Lake Jackson Clute, a limited-service hotel asset in Lake Jackson, Texas. The property is in very good physical condition, presenting a hands-on owner/operator with upside to restructure the hotel’s operations by reducing expenses and improving NOI flow-through.
Property Facts
| Price | $3,850,000 | Building Size | 38,989 SF |
| Price Per Room | $65,254 | No. Rooms | 59 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 2000 |
| Property Subtype | Hotel | Parking Ratio | 1.67/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 1.48 AC | ||
| Zoning | H1 | ||
| Price | $3,850,000 |
| Price Per Room | $65,254 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.48 AC |
| Building Size | 38,989 SF |
| No. Rooms | 59 |
| No. Stories | 3 |
| Year Built | 2000 |
| Parking Ratio | 1.67/1,000 SF |
| Corridor | Interior |
| Zoning | H1 |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 59 | $132.00 | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 7133-2402-006 | Improvements Assessment | $2,663,330 |
| Land Assessment | $586,670 | Total Assessment | $3,250,000 |
Property Taxes
Parcel Number
7133-2402-006
Land Assessment
$586,670
Improvements Assessment
$2,663,330
Total Assessment
$3,250,000
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