353 Louetta Rd
Spring, TX 77373
Best Western Plus Spring Inn & Suites · Hospitality Property For Sale · 40,742 SF

View Photo

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

LINKS

  • For Property Information & To Bid Click Here.

PROPERTY TAXES

Parcel Number 1310970010001 Improvements Assessment $1,675,156
Land Assessment $1,183,965 Total Assessment $2,859,121

MAP

ADDITIONAL PHOTOS

View Photo Front Entrance and Parking
View Photo Front Entrance and Parking
View Photo Hotel Signage
View Photo Side of the Hotel
View Photo Covered Entrance
View Photo Lobby with Seating
View Photo Reception Desk
View Photo Dining Area
View Photo Conference Room
View Photo Business Center
View Photo Guest Laundry
View Photo First Floor Elevator
View Photo 2nd Floor Eleveator
View Photo 3rd Floor Elevator/Vending
View Photo Hallway
View Photo King Suite Example
View Photo King Suite Example
View Photo King Suite Example
View Photo King Suite Example
View Photo King Suite Example
View Photo Guest Bathroom Example
View Photo Outdoor Pool
View Photo Outdoor Pool
View Photo Fitness Center
View Photo Hotel Kitchen
View Photo Hotel Laundry
View Photo Lobby Restroom
View Photo Bird's Eye View
View Photo Aerial View Over E Louetta Road
View Photo Aerial
  • Listing ID: 23033089

  • Date on Market: 5/12/2021

  • Last Updated:

  • Address: 353 Louetta Rd, Spring, TX 77373

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