This Hospitality Property is no longer advertised on LoopNet.com.
12909 Northwest Freeway
Hampton Inn Houston-Brookhollow · Hospitality Property For Sale
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40,680 SF
INVESTMENT HIGHLIGHTS
Prime Northwest Houston location, 20 minutes to Downtown, with $3.2 million in renovations completed in 2019, meaning minimum PIP expected for buyer.
Conveniently situated off Highway 290 in Brookhollow's business district near 610 and Beltway 8, near offices for GE, Reynolds & Reynolds, and more.
Traffic has increased drastically since Highway 290 was expanded, and the hotel is near the planned bullet train station at the old Northwest Mall.
Excellent proximity to many Houston leisure attractions, like the Galleria and the Houston Premium Outlets, providing easy access to business travel.
The hotel is 26 miles from the George Bush International Airport and 24 miles from Houston Hobby Airport.
In-place NOI was yielding only 6.9% of GR for 2019 YE, allowing the opportunity to lower expenses with more aggressive operations.
PROPERTY FACTS
Property Type
Hospitality
Property Subtype
Hotel
Building Class
B
Lot Size
1.74 AC
Building Size
40,680 SF
No. Stories
3
Year Built/Renovated
1998/2018
Tenancy
Single
Parking Ratio
2.7/1,000 SF
Corridor
Interior
AMENITIES
Business Center Fitness Center Pool
High Speed Internet Access Patio
Meeting Event Space Public Access Wifi
PROPERTY TAXES
Parcel Number
1077670000009
Improvements Assessment
$2,475,689
Land Assessment
$1,136,985
Total Assessment
$3,612,674
