8845 West Rd | Houston, TX 77064
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- LoopNet Team
8845 West Rd
Houston, TX 77064
TownePlace Suites Houston Northwest/Beltway 8 · Hospitality Property For Sale
·
58,024 SF
INVESTMENT HIGHLIGHTS
- The hotel has begun to ramp up significantly, evidenced by the September 2022 running-three-month room-night demand increase of 19.0%.
- The property is being offered free and clear of any management encumbrances.
- Leisure demand generators in the area include the Sam Houston Race Park and Willowbrook Mall.
- The hotel opened in 2021, and ownership has maintained the physical asset well; thus, no change-of-ownership PIP is expected.
- Corporate demand generators in the area include the West Road Business Park, West Sam Houston Business Park, and Fallbrook Pines Business Park.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built | 2021 |
| Building Class | B | Parking Ratio | 1.48/1,000 SF |
| Lot Size | 3.31 AC | Corridor | Interior |
| Building Size | 58,024 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.31 AC |
| Building Size | 58,024 SF |
| No. Stories | 4 |
| Year Built | 2021 |
| Parking Ratio | 1.48/1,000 SF |
| Corridor | Interior |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Digital key
PROPERTY TAXES
| Parcel Number | 1411720010001 | Improvements Assessment | $4,715,310 |
| Land Assessment | $1,198,984 | Total Assessment | $5,914,294 |
PROPERTY TAXES
Parcel Number
1411720010001
Land Assessment
$1,198,984
Improvements Assessment
$4,715,310
Total Assessment
$5,914,294
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