12909 Northwest Freeway | Houston, TX 77040
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12909 Northwest Freeway
Houston, TX 77040
Hampton Inn Houston-Brookhollow · Hospitality Property For Sale · 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 | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1998/2018 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.74 AC | Parking Ratio | 2.7/1,000 SF |
| Building Size | 40,680 SF | Corridor | Interior |
| 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
- Smoke-Free
- Digital key
PROPERTY TAXES
| Parcel Number | 1077670000009 | Improvements Assessment | $2,475,689 |
| Land Assessment | $1,136,985 | Total Assessment | $3,612,674 |
PROPERTY TAXES
Parcel Number
1077670000009
Land Assessment
$1,136,985
Improvements Assessment
$2,475,689
Total Assessment
$3,612,674
zoning
| Zoning Code | N/Ap |
| N/Ap |
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