600 US Highway 59 S | Cleveland, TX 77327
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- LoopNet Team
600 US Highway 59 S
Cleveland, TX 77327
Holiday Inn Express & Suites Cleveland · Hospitality Property For Sale
·
43,267 SF
Investment Highlights
- Ideal opportunity for a new investor to benefit from a recently renovated Holiday Inn Express & Suites in a growing market within a major Texas MSA.
- Third-party managed, opportunity for an experienced owner/operator to reduce expenses and improve cash-flows.
- BNSF Railway is developing the Logistics Center North Houston at Cleveland, a 1,200-acre industrial and business park in Cleveland, Texas.
- Over $2.1 million spent to renovate multiple areas of the property with the brand’s Formula Blue 2.0 design scheme.
- Property achieved $2,000,000 in revenues last year, a year-over-year increase of 27.3%.
- The property benefits from excellent visibility along the Interstate 69 frontage road, near the State Highway 105 interchange.
Property Facts
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2011/2024 |
| Building Class | B | Parking Ratio | 1.43/1,000 SF |
| Lot Size | 2.23 AC | Corridor | Interior |
| Building Size | 43,267 SF | ||
| Zoning | C-2 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.23 AC |
| Building Size | 43,267 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2011/2024 |
| Parking Ratio | 1.43/1,000 SF |
| Corridor | Interior |
| Zoning | C-2 |
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 | 004060-000106-010 | Improvements Assessment | $7,149,610 |
| Land Assessment | $279,690 | Total Assessment | $7,429,300 |
Property Taxes
Parcel Number
004060-000106-010
Land Assessment
$279,690
Improvements Assessment
$7,149,610
Total Assessment
$7,429,300
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