This Hospitality Property is no longer advertised on LoopNet.com.
353 Louetta Rd
Best Western Plus Spring Inn & Suites · Hospitality Property For Sale
·
40,742 SF
INVESTMENT HIGHLIGHTS
Fee simple interest in the receiver-controlled and managed hotel offered at a substantial discount to replacement cost.
The Best Western communications in the due diligence room indicate that there will not be a change of ownership PIP to retain the flag.
Unencumbered of debt and management with significant operational upside for prospective owner-operator since property has been under receiver control.
Adjacent to and visible from US I-45, the primary commercial corridor for North Houston with more than 245,000 vehicles passing the location.
Proximate to North Houston area demand, including George Bush Intercontinental Airport (IAH), ExxonMobil, Occidental Petroleum, and much more.
Optimal time to be investing in Houston, which is home to nearly 7MM residents and the second-highest number of Fortune 500 HQs in the nation.
PROPERTY FACTS
Property Type
Hospitality
Property Subtype
Hotel
Building Class
B
Lot Size
1.81 AC
Building Size
40,742 SF
No. Stories
3
Year Built
2015
Parking Ratio
1.55/1,000 SF
Corridor
Interior
Zoning
None
AMENITIES
Business Center Fitness Center Pool
High Speed Internet Access Patio
Meeting Event Space Public Access Wifi
Smoke-Free Fully-Equipped Kitchen
PROPERTY TAXES
Parcel Number
1310970010001
Improvements Assessment
$1,675,156
Land Assessment
$1,183,965
Total Assessment
$2,859,121
