160 Wagon Point Dr - Hospitality FOR SALE


Houston, TX 77090
$9,900,000 USD
713-955-0012
160 Wagon Point Dr, Houston, TX for Sale
$9,900,000 USD
Hospitality - FOR SALE
1/19
null | Request Cap Rate

160 Wagon Point Dr
Houston, TX 77090


HIGHLIGHTS

  • Excellent value-add opportunity for a new investor to enter the Hilton brand family at a price well below replacement cost at $84,000 per key.
  • The hotel’s rooms revenue for the TTM period ending in November 2024 equated to $2,404,000 (rounded)—a 22.0% increase compared to last year.
  • An investor can expect a new, long-term, 15-year franchise agreement with Hilton.
  • The change-of-ownership property improvement plan (PIP) report can be found in the virtual deal room (VDR).
  • The property is located ten miles from George Bush Intercontinental Airport (IAH), which is convenient for both business and leisure travelers.
  • There is an attractive seller financing option available for a qualified buyer, please reach out to the deal team for more details.

OVERVIEW

For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=146850 HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 118-key Hilton Garden Inn Houston Cypress Station, a select-service hotel asset located in the North Houston submarket. This offering presents an excellent value-add opportunity for an investor to enter the Hilton brand family at a price well below replacement cost.

FOR SALE DETAILS

PRICE

$9,900,000 USD

PRICE/SF

$149 USD /SF

# OF ROOMS

118

PRICE/ROOM

$83,898 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hilton Garden Inn Houston Cypress Station

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2016

PARKING SPACES

91

LAND DETAILS

LAND ACRES

2.68 AC

LAND SF

116,741 SF

ZONING

Unzoned

APN/PARCEL ID

1343720010001

ASK ABOUT THIS PROPERTY

713-955-0012

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713-955-0012

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