Investment Highlights
-82 unit, 3 story, interior corridor extended stay hotel with elevator.
-Unique opportunity to invest in a recently renovated property in the growing extended-stay market.
-An approx. $1.7m extensive renovation and overhaul of the property completed, giving new ownership a turnkey property in its ramp up phase.
-The only extended-stay hotel in its competitive set; it is primed for strong recovery, already performing at 80.7% of its STR RevPAR index for the running 12 months.
-Property demonstrating an aggressive ramp up post renovation as the hotel has achieved a 96.6 index of it comp set for the running 3 months and 122.4 index on December 2024.
-Features include 82 extended stay units, a fitness center, hot tub, swimming pool, and laundry facilities. Room types include spacious Studio Suites with one king or two queen beds.
-Ideally located near top attractions, including Pirates Bay Waterpark, the Baytown Nature Center, and the historic San Jacinto Battleground State Historic Site. Also, in close proximity to Houston Raceway Park and Jenkins Park, featuring trails, playgrounds, and a dog park.
-Located near key industries, including oil & gas, petrochemicals, and manufacturing (e.g., ExxonMobil, Chevron Phillips, and Covestro).
-Close to the Port of Houston and the Baytown Industrial Complex, driving steady demand from business travelers and extended-stay guests.
-Easy access to major highways like Interstate 10 and Highway 146, connecting it to Houston and surrounding industrial hubs.