This Property is no longer advertised on Showcase.com.
Off Market
1/17

12500 North Fwy
Houston, TX 77060


HIGHLIGHTS

  • Three-Story, 170-Room, Interior/Exterior Dual Corridor Hotel within the Houston MSA and Priced Well Below Replacement Cost at $22,647 Per Key
  • Tactfully Located with Great Visibility Near the Interchange of Texas Beltway 8 and Interstate 45
  • Onsite Owner's Apartment with 3 Bedrooms, 2.5 Bathrooms, Living Room, and Kitchen
  • 137 Rooms Currently Being Rented. Presents Upside for New Owner to Increase Revenue by Bringing 33 Rooms Back into Operation
  • Opportunity for Owner/Operator to Meet 2021 RevPAR Market Average of $20.67 That Will Secure Over $1.28 Million in Room Revenue
  • Several Conversion Opportunities Available –Choice: Quality Inn, Clarion Pointe, Suburban, and MainStay –Wyndham: La Quinta, Ramada, Wingate, Days Inn

OVERVIEW

The Monte Carlo Inn is a 170-room independent hotel with both an interior and exterior corridor established at 12500 North Freeway, near the interchange of interstate 45 and Texas beltway 8. There are currently 137 rooms being rented and 33 additional rooms are being used for storage and additional purposes. The Property is approximately 76,500 square feet across three floors and maintains amenities including an outdoor pool, BBQ facilities, vending machines, and guest laundry facilities.

FOR SALE DETAILS

PRICE

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# OF ROOMS

-

CAP RATE

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BUILDING DETAILS

PROPERTY NAME

Monte Carlo Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

76530

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1982

PARKING SPACES

147

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

N/Ap, Houston

APN/PARCEL ID

1086910000012