15700 John F Kennedy Blvd - Hospitality FOR SALE
Houston, TX 77032 |
646-425-5632
15700 John F Kennedy Blvd
Houston, TX 77032
HIGHLIGHTS
- Fee simple interest in the 419-room Sheraton North Houston at George Bush Intercontinental Airport (IAH).
- Available for purchase via receivership sale in the March 19 auction event via Ten-X.
- Unencumbered by management and debt and offered at a substantial discount to replacement cost.
- Ability to maintain the Sheraton brand through a long-term licensing agreement with Marriott.
- Property was transferred to special servicing in November 2020, and a receiver was subsequently appointed in April 2021.
- Strong operational upside in transitioning the asset out of receiver control and completing the PIP to improve RevPAR penetration.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Receiver Sale | Sheraton Houston Bush Airport
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
10
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1982
PARKING SPACES
320
LAND DETAILS
LAND ACRES
8 AC
LAND SF
348,480 SF
ZONING
NA
APN/PARCEL ID
1143580150002
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646-425-5632
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646-425-5632
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