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Comfort Inn & Suites Texas City 10700 Emmett F Lowry Expy
62 Room Hotel Texas City, TX 77591 $3,500,000 ($56,452/Room)
Investment Highlights
- Three-story, Choice Hotels International, Limited-service Hotel. Located on Interstate 45
- The property is approximately 35 miles from Downtown Houston and Approximately 15 miles from Galveston Seawall, where beaches are located.
- Unfortunately owner finance will not be available.
- This opportunity presents an investor with the ability to acquire the property at a price well below replacement cost at $56,452 per key.
- The Surrounding Hotels are doing $1 million if not more, so a lot of upside for a New Owner.
- Hotel is being sold way below replacement cost at $56,452 a key, lowest in Houston & Surrounding areas.
Executive Summary
Options to rebrand to a Wyndham or Sonesta product
Data Room Click Here to Access
- Operating and Financials
- Third Party Reports
- Property Tax
Property Facts
| Price | $3,500,000 | Building Size | 29,925 SF |
| Price Per Room | $56,452 | No. Rooms | 62 |
| Sale Type | Investment | No. Stories | 3 |
| Sale Conditions | Business Value Included | Year Built/Renovated | 1996/2015 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.84/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 1.26 AC |
| Price | $3,500,000 |
| Price Per Room | $56,452 |
| Sale Type | Investment |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.26 AC |
| Building Size | 29,925 SF |
| No. Rooms | 62 |
| No. Stories | 3 |
| Year Built/Renovated | 1996/2015 |
| Tenancy | Single |
| Parking Ratio | 1.84/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
About 10700 Emmett F Lowry Expy , Texas City, TX 77591
Comfort Inn & Suites located in Texas City, Texas. Choice International – affiliated hotel is being offered at $3,500,000 or $56,452 per key. It is well below the average replacement cost in the area. The Comfort Inn & Suites Texas City is a 62 room, three story hotel located 10700 Emmett F Lowry Expy in Texas City, Texas, just off I-45. The numerous common amenities at Comfort Inn & Suites include Indoor Pool, Fitness Center, and Business Center. This property is being sold on replacement cost basis and not on revenue. The surrounding hotels in the area are doing 30-50% more revenue which gives added value in acquiring this property at the listing price. The property will be sold as a Choice Property, removal of the flag is up to the purchaser after acquiring. There is a PIP (property improvement plan) for this property which can be negotiated with Franchisor for certain time lines. Texas City, located on the southeastern coast of Texas, is a dynamic hub of economic activity and growth, positioned strategically along the Gulf of Mexico. Known for its robust industrial base, the city is a vital center for petrochemical production, maritime trade, and transportation. The presence of major facilities such as the Galveston Bay Refinery underscores Texas City’s role as a critical economic driver in the region, contributing significantly to employment and local business development. Despite its Industrial Character, Texas City, Texas, provides a diverse range of attractions and activities for tourists, from its scenic coastal areas and recreational opportunities to its historical sites and community events. Whether you're interested in outdoor adventures, local history, or enjoying a day at the beach, Texas City offers a welcoming destination with something for everyone. Tourism is also a major player in the market. Galveston is approximately 15 miles away. The Port of Galveston is the 4th largest port. They sail multiple cruises throughout the week. They are also adding a 4th cruise docking. Cruises by itself brings in over a million travelers every year. Besides the Cruises Galveston is also known for its beaches and rich history.
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 8 | $139.00 | - |
| Guest Room | 54 | $104.00 | - |
PROPERTY TAXES
| Parcel Number | 4928-0000-0009-001 | Improvements Assessment | $1,027,320 |
| Land Assessment | $329,580 | Total Assessment | $1,356,900 |
PROPERTY TAXES
zoning
| Zoning Code | E |
| E |
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Pratik Raman - Jayesh Patel
Presented by
Jayesh Patel
Comfort Inn & Suites Texas City | 10700 Emmett F Lowry Expy
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