4221 North Fwy | Houston, TX 77022
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
4221 North Fwy
Houston, TX 77022
Palace Inn I-45 & Crosstimbers · Hospitality Property For Sale · 25,382 SF
Investment Highlights
- There is an opportunity to add 9 or 10 guestrooms to the Property, bringing the total key count to over 60.
- Based upon the HVS pro-forma projections, stabilized rooms revenue in 2025/26 is anticipated to be in excess of $700,000 ($36 RevPAR).
- The Property is being offered free and clear of any franchise encumbrances, with the flexibility to revamp operations and rebrand, if desired.
- The Hotel averaged $412,000 in rooms revenue over the last 4 years, with an average RevPAR of $21. The competitive set’s RevPAR average is ~$38.
- Excellent visibility and accessibility off the frontage road along Interstate 45, less than 10 minutes north of Downtown Houston.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1978 |
| Building Class | B | Parking Ratio | 1.26/1,000 SF |
| Lot Size | 1.44 AC | Corridor | Exterior |
| Building Size | 25,382 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.44 AC |
| Building Size | 25,382 SF |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 1.26/1,000 SF |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Public Access Wifi
PROPERTY TAXES
| Parcel Number | 0431590030559 | Improvements Assessment | $644,869 |
| Land Assessment | $614,856 | Total Assessment | $1,259,725 |
PROPERTY TAXES
Parcel Number
0431590030559
Land Assessment
$614,856
Improvements Assessment
$644,869
Total Assessment
$1,259,725
Learn More About Investing in Hospitality Properties
1 of 1
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
