Residence Inn Houston Sugar Land/Stafford | 12703 Southwest Fwy
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Residence Inn Houston Sugar Land/Stafford 12703 Southwest Fwy
78 Room Hotel Stafford, TX 77477 For Sale
Investment Highlights
- Priced at a significant discount compared to the cost of building a new hotel, due to high construction costs and a difficult lending environment.
- Opportunity to acquire a Marriott-branded extended-stay property with access to Marriott Bonvoy's 177 million loyalty members.
- The hotel’s room revenue has increased 13% through YTD June 2024. Trailing TTM Room Revenue is $2,262,626.
Executive Summary
CBRE Hotels is pleased to solicit offers to acquire the fee-simple interest in the Residence Inn in Houston Sugar Land/Stafford, Texas. The property is located off Southwest Freeway, just minutes from First Colony Mall, Stafford Centre, Constellation
Field, and Missouri City. Thanks to this prime location, the Residence Inn receives business from a diverse population of both corporate and leisure travelers.
Field, and Missouri City. Thanks to this prime location, the Residence Inn receives business from a diverse population of both corporate and leisure travelers.
Property Facts
| Sale Type | Investment | No. Rooms | 78 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1997/2011 |
| Building Class | A | Tenancy | Single |
| Lot Size | 2.32 AC | Corridor | Interior |
| Building Size | 53,022 SF |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | A |
| Lot Size | 2.32 AC |
| Building Size | 53,022 SF |
| No. Rooms | 78 |
| No. Stories | 3 |
| Year Built/Renovated | 1997/2011 |
| Tenancy | Single |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- Tennis
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
- Digital key
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 78 | $174.00 | - |
PROPERTY TAXES
| Parcel Number | 7230-03-001-0030-910 | Improvements Assessment | $6,443,028 |
| Land Assessment | $924,630 | Total Assessment | $7,367,658 |
PROPERTY TAXES
Parcel Number
7230-03-001-0030-910
Land Assessment
$924,630
Improvements Assessment
$6,443,028
Total Assessment
$7,367,658
zoning
| Zoning Code | YQ |
| YQ |
-
Power Broker Michael Yu -
CBRE, Inc.
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Residence Inn Houston Sugar Land/Stafford | 12703 Southwest Fwy
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