7515 Garth Rd | Baytown, TX 77521
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7515 Garth Rd
Baytown, TX 77521
Holiday Inn Express East Baytown · Hospitality Property For Sale · 50,788 SF
Investment Highlights
- The hotel recently completed an extensive renovation. Upside exists for a more “hands-on” owner/operator to restructure the hotel’s operations.
- Robust Oil & Gas downstream market, there are multiple refineries and petrochemical expansion projects in progress.
- The property is strategically located at the Garth Road Exit along Interstate 10, which is a heavily developed commercial corridor in Baytown.
- The hotel ranked 4th (out of 5) among its competitors in terms of occupancy and RevPAR for the TTM period ending September 2023.
- Based on STR's September 2023 data, year-end room-night demand for the hotel and competitive set increased by 38.4% and 14.2%, respectively.
- The property is offered free and clear of any management encumbrances, providing an investor the flexibility to revamp the operational strategies.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 2014/2023 |
| Building Class | B | Parking Ratio | 1.79/1,000 SF |
| Lot Size | 2.24 AC | Corridor | Interior |
| Building Size | 50,788 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.24 AC |
| Building Size | 50,788 SF |
| No. Stories | 4 |
| Year Built/Renovated | 2014/2023 |
| Parking Ratio | 1.79/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
PROPERTY TAXES
| Parcel Number | 1310310000002 | Improvements Assessment | $1,509,842 |
| Land Assessment | $1,462,770 | Total Assessment | $2,972,612 |
PROPERTY TAXES
Parcel Number
1310310000002
Land Assessment
$1,462,770
Improvements Assessment
$1,509,842
Total Assessment
$2,972,612
zoning
| Zoning Code | None |
| None |
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