16931 Texas Ave - Hospitality FOR SALE


Webster, TX 77598
$4,400,000 USD
713-955-0138
16931 Texas Ave, Webster, TX for Sale
$4,400,000 USD
Hospitality - FOR SALE
1/17
null | Request Cap Rate

16931 Texas Ave
Webster, TX 77598


HIGHLIGHTS

  • The 58-key count is considered an ideal size for an experienced owner/operator.
  • Before COVID-19, from 2014-2019, the Hotel averaged $1,134,912 in annual revenue, showing strong potential for new investors.
  • Rooms revenue rose from $844,814 in 2022 to $974,657 in 2023 (15.38% increase). Year-to-date April 2024 shows a 21.65% increase over last year.
  • Current ownership recently renovated the Property, including the public areas and guestrooms, at a cost of $400,000, or $6,900 per key.
  • This opportunity presents an investor with the ability to acquire the Property at a price well below replacement cost at $75,862 per key.
  • Near NASA, Baybrook Mall, Kemah Boardwalk, and UH-Clear Lake, the Hotel attracts business & leisure travelers with nearby dining and entertainment.

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=146570 HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 58-key Comfort Suites near NASA Clear Lake, a limited-service hotel asset in Webster, Texas. A more “hands on” investor will have the ability to realize the significant upside of acquiring a recently renovated property with further potential at a price well below replacement cost.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$110 USD /SF

# OF ROOMS

58

PRICE/ROOM

$75,862 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Suites Near NASA - Clear Lake

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2006

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

None

APN/PARCEL ID

1275800010001

ASK ABOUT THIS PROPERTY

713-955-0138

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713-955-0138

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