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9090 Southwest Fwy
Houston, TX 77074
Former Crowne Plaza Houston Near Sugar Land · Hospitality Property For Sale
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194,598 SF
Investment Highlights
- located off I-69 in southwest Houston providing excellent access to Downtown Houston, The Galleria, and Sugar Land Town Square.
- Incredible Value-Add Potential: generated nearly $8M in revenues & over $1.8M in NOI in 2014, never reopened after closing in March 2020 due to COVID
- Attractive Discount to Replacement Cost.
- Possible Alternative Use Options: conversion to multifamily or affordable housing. Not governed by city/county zoning regulations.
- Unencumbered by Brand, Management, and Debt.
Property Facts
| Property Type | Hospitality | No. Stories | 9 |
| Property Subtype | Hotel | Year Built/Renovated | 1981/2008 |
| Building Class | B | Tenancy | Single |
| Lot Size | 3.00 AC | Parking Ratio | 0.98/1,000 SF |
| Building Size | 194,598 SF | Corridor | Interior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.00 AC |
| Building Size | 194,598 SF |
| No. Stories | 9 |
| Year Built/Renovated | 1981/2008 |
| Tenancy | Single |
| Parking Ratio | 0.98/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- On-Site Bar
- Meeting Event Space
Property Taxes
| Parcel Number | 1043670000005 | Improvements Assessment | $3,090,240 |
| Land Assessment | $2,609,760 | Total Assessment | $5,700,000 |
Property Taxes
Parcel Number
1043670000005
Land Assessment
$2,609,760
Improvements Assessment
$3,090,240
Total Assessment
$5,700,000
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