9120 West Rd | Houston, TX 77064
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- LoopNet Team
9120 West Rd
Houston, TX 77064
Holiday Inn Express & Suites Houston NW · Hospitality Property For Sale
·
52,057 SF
INVESTMENT HIGHLIGHTS
- Lender-owned and operated, 87-room, 2010-built Holiday Inn Express & Suites situated off Beltway 8 and West Road in northwest Houston, TX.
- The Hotel is projected to have a stabilized RevPAR of $69, with a room revenue of approximately $2.2 million in year 3.
- Excellent opportunity to increase room revenue and NOI in the quickly re-bounding business and leisure travel industries post Covid-19.
- Offered fee simple and free and clear of existing management and financing affording new ownership maximum optionality in the future operations.
- Lender-owned property with significant upside for new owner and the ability to be purchased significantly below replacement cost.
- Proximate to multiple leisure demand drivers, only 4 miles south of Sam Houston Race Park and 20 miles to PNC Stadium and Minute Main Park.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2010/2020 |
| Building Class | B | Parking Ratio | 1.52/1,000 SF |
| Lot Size | 2.11 AC | Corridor | Interior |
| Building Size | 52,057 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.11 AC |
| Building Size | 52,057 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2010/2020 |
| Parking Ratio | 1.52/1,000 SF |
| Corridor | Interior |
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 | 1308820010005 | Improvements Assessment | $4,125,541 |
| Land Assessment | $917,240 | Total Assessment | $5,042,781 |
PROPERTY TAXES
Parcel Number
1308820010005
Land Assessment
$917,240
Improvements Assessment
$4,125,541
Total Assessment
$5,042,781
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