12401 Katy Fwy | Houston, TX 77079
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- LoopNet Team
12401 Katy Fwy
Houston, TX 77079
Courtyard Houston I-10 West/Energy Corridor · Hospitality Property For Sale · 102,672 SF
Investment Highlights
- Excellent opportunity to acquire a premium-branded, institutionally maintained hotel with historically strong cash flow. Tours will be March 8,9,14,15
- Positioned directly off of I-10 within Houston’s energy corridor and has significant upside through renovations and an effective management strategy.
- The hotel has historically achieved revenues north of $4.4M prior to the pandemic and will benefit significantly from a change of ownership PIP.
- Renovations coupled with hands-on management tactics can significantly drive RevPAR to surpass pre-pandemic levels and enhance profit margins.
- The current inflationary environment and higher interest rates are putting upward pressure on construction costs and increasing construction debt.
- The hotel presents investors with an opportunity to acquire a hotel in a diverse and growing submarket for a substantial discount to replacement cost.
PROPERTY FACTS
| Sale Conditions | Auction Sale | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1979/2016 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | A | Parking Ratio | 1.84/1,000 SF |
| Lot Size | 3.93 AC | Corridor | Interior |
| Building Size | 102,672 SF |
| Sale Conditions | Auction Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | A |
| Lot Size | 3.93 AC |
| Building Size | 102,672 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1979/2016 |
| Tenancy | Single |
| Parking Ratio | 1.84/1,000 SF |
| Corridor | Interior |
Amenities
- Balcony
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $607,312 | |
| Land Assessment | $6,884,040 | Total Assessment | $7,491,352 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$6,884,040
Improvements Assessment
$607,312
Total Assessment
$7,491,352
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