11130 Northwest Fwy | Houston, TX 77092
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11130 Northwest Fwy
Houston, TX 77092
La Quinta Inn & Suites by Wyndham Houston NW · Hospitality Property For Sale · 51,628 SF
Investment Highlights
- Per the 2023 year-end P&L, the hotel's GOP was 35.9%, with an NOI of $342,000. Similar assets suggest a stabilized GOP margin above 42.0%.
- Current ownership recently completed a $1.65 million renovation of the property, including public areas and guest rooms, at $16,200 per key.
- The local submarket is driven by residential and commercial development. Timbergrove benefits from overflow demand from Greater Heights neighborhood.
- In 2023, the hotel achieved rooms revenue of $1,500,000 (rounded), a 15.6% increase compared to 2022.
- The change-of-ownership PIP report has been uploaded to the virtual deal room (VDR).
- Texas economy grew with 370,000 jobs in 2023, outpacing national growth by 1%. Houston is now the fourth-largest U.S. city.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 1997/2021 |
| Building Class | B | Parking Ratio | 1.98/1,000 SF |
| Lot Size | 2.41 AC | Corridor | Interior |
| Building Size | 51,628 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.41 AC |
| Building Size | 51,628 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1997/2021 |
| Parking Ratio | 1.98/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 1180580010007 | Improvements Assessment | $2,334,369 |
| Land Assessment | $1,576,215 | Total Assessment | $3,910,584 |
PROPERTY TAXES
Parcel Number
1180580010007
Land Assessment
$1,576,215
Improvements Assessment
$2,334,369
Total Assessment
$3,910,584
zoning
| Zoning Code | Commercial |
| Commercial |
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