4221 North Fwy | Houston, TX 77022
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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 | $778,564 |
| Land Assessment | $614,856 | Total Assessment | $1,393,420 |
PROPERTY TAXES
Parcel Number
0431590030559
Land Assessment
$614,856
Improvements Assessment
$778,564
Total Assessment
$1,393,420
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