7515 Garth Rd | Baytown, TX 77521
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7515 Garth Rd
Baytown, TX 77521
Holiday Inn Express Houston East - Baytown · Hospitality Property For Sale
·
50,788 SF
INVESTMENT HIGHLIGHTS
- Ideal opportunity to acquire a strong performing Holiday Inn Express & Suites with significant upside opportunity, below replacement cost..
- New Long-Term franchise license agreement with IHG anticipated for new ownership.
- The property is strategically located at the Garth Road Exit along Interstate 10, which is a heavily developed commercial corridor in Baytown.
- RevPAR increased 7.0% during the trailing-twelve-month (TTM) period ending May 2024.
- Robust Oil & Gas downstream market, there are multiple billion dollar refineries and petrochemical expansion projects in progress.
- The property is offered free and clear of any management encumbrances, providing an investor the flexibility to revamp the operational strategies.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built | 2014 |
| Building Class | B | Parking Ratio | 1.79/1,000 SF |
| Lot Size | 2.24 AC | Corridor | Interior |
| Building Size | 50,788 SF | ||
| Zoning | None | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.24 AC |
| Building Size | 50,788 SF |
| No. Stories | 4 |
| Year Built | 2014 |
| Parking Ratio | 1.79/1,000 SF |
| Corridor | Interior |
| Zoning | None |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
PROPERTY TAXES
| Parcel Number | 1310310000002 | Improvements Assessment | $2,499,691 |
| Land Assessment | $1,657,806 | Total Assessment | $4,157,497 |
PROPERTY TAXES
Parcel Number
1310310000002
Land Assessment
$1,657,806
Improvements Assessment
$2,499,691
Total Assessment
$4,157,497
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