HIGHLIGHTS
- 112-unit, four story, interior corridor, dual elevators, premium branded SpringHill Suites by Marriot.
- Priced under 4x RRM and a 8.6% Cap Rate on 2024 income and expenses.
- Priced well under replacement cost at $108,036/room.
- Located in Westchase, a thriving business district in Houston, TX with proximity to major corporate offices, energy companies, and technology firms
- Excellent accessibility via Westpark Tollway and Beltway 8, providing easy connectivity to: Houston energy Galleria (Texas's largest shopping center)
- Potential for revenue growth with strategic renovation and brand repositioning.
FOR SALE DETAILS
PRICE
$12,100,000 USD
PRICE/SF
$159 USD /SF
# OF ROOMS
112
PRICE/ROOM
$108,036 {currency}
CAP RATE
Request Cap Rate
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
SpringHill Suites Houston Westchase
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
4
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2014
PARKING SPACES
120
LAND DETAILS
LAND ACRES
2.81 AC
LAND SF
122,404 SF
ZONING
F1
APN/PARCEL ID
1296480010003
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714-242-8304
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