Comfort Inn & Suites located in Texas City, Texas. Choice International – affiliated hotel is being offered at $3,500,000 or $56,452 per key. It is well below the average replacement cost in the area. The Comfort Inn & Suites Texas City is a 62 room, three story hotel located 10700 Emmett F Lowry Expy in Texas City, Texas, just off I-45. The numerous common amenities at Comfort Inn & Suites include Indoor Pool, Fitness Center, and Business Center. This property is being sold on replacement cost basis and not on revenue. The surrounding hotels in the area are doing 30-50% more revenue which gives added value in acquiring this property at the listing price. The property will be sold as a Choice Property, removal of the flag is up to the purchaser after acquiring. There is a PIP (property improvement plan) for this property which can be negotiated with Franchisor for certain time lines.
Texas City, located on the southeastern coast of Texas, is a dynamic hub of economic activity and growth, positioned strategically along the Gulf of Mexico. Known for its robust industrial base, the city is a vital center for petrochemical production, maritime trade, and transportation. The presence of major facilities such as the Galveston Bay Refinery underscores Texas City’s role as a critical economic driver in the region, contributing significantly to employment and local business development.
Despite its Industrial Character, Texas City, Texas, provides a diverse range of attractions and activities for tourists, from its scenic coastal areas and recreational opportunities to its historical sites and community events. Whether you're interested in outdoor adventures, local history, or enjoying a day at the beach, Texas City offers a welcoming destination with something for everyone.
Tourism is also a major player in the market. Galveston is approximately 15 miles away. The Port of Galveston is the 4th largest port. They sail multiple cruises throughout the week. They are also adding a 4th cruise docking. Cruises by itself brings in over a million travelers every year. Besides the Cruises Galveston is also known for its beaches and rich history.
