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Crowne Plaza Houston Galleria Area 7611 Katy Fwy 207 Room Hotel Houston, TX 77024 $24,000,000 ($115,942/Room)
INVESTMENT HIGHLIGHTS
- Full Renovation 2025
- Minimal PIP
- Upside Potential to drive rates and performance
EXECUTIVE SUMMARY
Fully-Renovated property with minimal pip with high upside to drive performance and results with direct mangament.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $24,000,000 | Lot Size | 2.79 AC |
| Price Per Room | $115,942 | Building Size | 136,373 SF |
| Sale Type | Investment | No. Rooms | 207 |
| Sale Condition | Business Value Included | No. Stories | 6 |
| Property Type | Hospitality | Year Built/Renovated | 1981/2025 |
| Property Subtype | Hotel | Parking Ratio | 2.2/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | F1 | ||
| Price | $24,000,000 |
| Price Per Room | $115,942 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.79 AC |
| Building Size | 136,373 SF |
| No. Rooms | 207 |
| No. Stories | 6 |
| Year Built/Renovated | 1981/2025 |
| Parking Ratio | 2.2/1,000 SF |
| Corridor | Interior |
| Zoning | F1 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- Shuttle Service
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Multi-Room Suites
ABOUT 7611 KATY FWY , HOUSTON, TX 77024
Absantee Owner. Completed 2025 Renovation of rooms and public space. Minimal Pip on transfer. High Upside potential with proper management.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 30 | $180.00 | - |
| Guest Room | 177 | $108.00 | - |
PROPERTY TAXES
| Parcel Number | 0690140030052 | Total Assessment | $14,641,805 (2025) |
| Land Assessment | $6,085,350 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $8,556,455 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0690140030052
Land Assessment
$6,085,350 (2025)
Improvements Assessment
$8,556,455 (2025)
Total Assessment
$14,641,805 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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VIDEOS
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Presented by
Keller Williams
Crowne Plaza Houston Galleria Area | 7611 Katy Fwy
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