5007 Highway 6 - Hospitality FOR SALE


Missouri City, TX 77459
$10,900,000 USD
972-533-2447
5007 Highway 6, Missouri City, TX for Sale
$10,900,000 USD
Hospitality - FOR SALE
1/22
null | Request Cap Rate

5007 Highway 6
Missouri City, TX 77459


HIGHLIGHTS

  • New construction Holiday Inn Express & Suites, opened in 2018.
  • Prime opportunity to penetrate the thriving market of Missouri City – Sugar Land area within the Houston Metro
  • Strategically situated along State Highway 6 in close proximity to Sugar Land Town Center
  • Conveniently located minutes away from key establishments such as Minutemaid Headquarters, Schlumberger, Ecolab, Sugar Land Town Center, and Stafford
  • Strong barrier to entry market due to Sugar Land's stringent restrictions on limited-service hotel development

OVERVIEW

The property opened in 2018, offering modern amenities and comfort. The property presents an attractive investment opportunity. Situated amidst the ongoing development of Missouri City Business Park and Stafford Business Park, as well as the residential expansion of Sienna Plantation. The hotel benefits from the growing local economy and population influx. Furthermore, its impressive 4.7 rating on the IHG website reflects guest satisfaction and underscores its appeal as a preferred accommodation choice in the area.

FOR SALE DETAILS

PRICE

$10,900,000 USD

PRICE/SF

$231 USD /SF

# OF ROOMS

84

PRICE/ROOM

$129,762 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites Sugar Land SE

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2018

PARKING SPACES

89

LAND DETAILS

LAND ACRES

2.4 AC

LAND SF

104,544 SF

ZONING

F1

APN/PARCEL ID

0089-00-000-2083-907

ASK ABOUT THIS PROPERTY

David AwadHenry S. MillerMore Info
972-533-2447

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David AwadHenry S. MillerMore Info
972-533-2447

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