4606 Westway Park Blvd - Hospitality FOR SALE


Houston, TX 77041
$7,450,000 USD
972-755-5200
4606 Westway Park Blvd, Houston, TX for Sale
$7,450,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

4606 Westway Park Blvd
Houston, TX 77041


HIGHLIGHTS

  • Five-Story, Interior Corridor, IHG-Branded Hotel
  • ±$200K in Recent Capital Improvements Since 2019
  • Short Drive to IAH Airport (46M+ Passengers in 2023 // 8th-Busiest Airport in North America)
  • Ideally Located off of Beltway 8, Just 15 Minutes from Downtown Houston
  • Area Attractions Include Sam Houston Race Park, Seismique, Houston Arboretum, Waterwall Park, Downtown Aquarium, White Oak Music Hall and 3 Profession
  • Surrounded by Several Major Universities & Medical Centers

OVERVIEW

Price Reduced: Holiday Inn | Houston, TX MSA Tim Speck // Broker of Record // License TX 9002994 Property Tours Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers. Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn & Suites Houston West - Westway Park in northwest Houston, Texas. The Hotel is a five-story building sitting on 2.04 acres and consists of 113 interior corridor guest rooms. Amenities include Legend's Bar & Grill, heated indoor pool and spa, fitness center, and outdoor patio with seating. Business amenities include a business center and 3,168 square feet of meeting space. The property is ideally located 15 minutes northwest of Downtown Houston and a short drive to George Bush Intercontinental Airport (IAH), the eighth-busiest airport in North America. The market is host to several museums, outdoor activities and sporting venues, including the Toyota Center (home to NBA's Rockets), Minute Maid Park (home to MLB's Astros), and NRG Stadium (home to NFL's Texans). Nearby attractions include Seismique, Houston Arboretum, Waterwall Park, Downtown Aquarium, White Oak Music Hall and more. The Houston MSA benefits from tens of educational institutions and low costs of living and doing business. Houston is a top destination for corporate relocations and is home to more than 20 Fortune 500 companies. The Holiday Inn & Suites Houston West - Westway Park represents the opportunity to acquire a renovated IHG-branded hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes property stabilization and continued growth supported by the surrounding area property performances, increasing population and demand growth in the Houston region.

FOR SALE DETAILS

PRICE

$7,450,000 USD

PRICE/SF

$84 USD /SF

# OF ROOMS

113

PRICE/ROOM

$65,929 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn & Suites Houston West - Westway

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2010

PARKING SPACES

101

LAND DETAILS

LAND ACRES

2.04 AC

LAND SF

88,732 SF

ZONING

N/Ap

APN/PARCEL ID

1242860010001

ASK ABOUT THIS PROPERTY

Timothy SpeckMarcus & MillichapMore Info
972-755-5200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Timothy SpeckMarcus & MillichapMore Info
972-755-5200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.