Hotel For Sale • 75,947 SF
112-unit, four story, interior corridor, dual elevators, premium branded SpringHill Suites by Marriot. |
Priced under 4x RRM and a 8.6% Cap Rate on 2024 income and expenses. |
Priced well under replacement cost at $108,036/room. |
Located in Westchase, a thriving business district in Houston, TX with proximity to major corporate offices, energy companies, and technology firms |
Excellent accessibility via Westpark Tollway and Beltway 8, providing easy connectivity to: Houston energy Galleria (Texas's largest shopping center) |
Potential for revenue growth with strategic renovation and brand repositioning. |
Airport | Drive | Walk | Distance |
---|---|---|---|
William P Hobby | 37 min | - | 25.3 mi |
George Bush Intcntl/Houston | 39 min | - | 32.0 mi |
Parking Available: | Yes |
Reserved: | No |
Spaces Provided: | 120 |
Type: | Surface |
Included in Rent: | Yes |