18861 Katy Fwy | Houston, TX 77094
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18861 Katy Fwy
Houston, TX 77094
Four Points by Sheraton · Hospitality Property For Sale · 110,616 SF
Investment Highlights
- The property is strategically located off Interstate 10/Katy Freeway within the Energy Corridor.
- There has been a flurry of recent office leases executed in the Energy Corridor submarket, which should bode well for corporate room-night demand.
- As of July 2023, Texas, with Houston as its epicenter, had achieved record-breaking O&G production levels.
- The hotel, which opened in 2016, benefits from its concrete and steel construction.
- The Energy Corridor submarket has historically been one of Houston’s highest barriers-to-entry hotel markets.
- Rooms revenue for the TTM period ending in September 2023 equated to $2,700,000 (rounded)—the highest performance since 2019.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 6 |
| Property Subtype | Hotel | Year Built | 2016 |
| Building Class | A | Parking Ratio | 1.29/1,000 SF |
| Lot Size | 2.91 AC | Corridor | Interior |
| Building Size | 110,616 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | A |
| Lot Size | 2.91 AC |
| Building Size | 110,616 SF |
| No. Stories | 6 |
| Year Built | 2016 |
| Parking Ratio | 1.29/1,000 SF |
| Corridor | Interior |
Amenities
- Fitness Center
- Pool
- Restaurant
- Meeting Event Space
PROPERTY TAXES
| Parcel Number | 1309620010001 | Improvements Assessment | $3,023,478 |
| Land Assessment | $3,169,000 | Total Assessment | $6,192,478 |
PROPERTY TAXES
Parcel Number
1309620010001
Land Assessment
$3,169,000
Improvements Assessment
$3,023,478
Total Assessment
$6,192,478
zoning
| Zoning Code | None |
| None |
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