Residencias Hobby | 8700 Gulf Fwy
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Residencias Hobby 8700 Gulf Fwy
80 Room Hotel Houston, TX 77017 $5,950,000 ($74,375/Room) 10.15% Cap Rate
Executive Summary
Unlock the potential of this 80-room hospitality property in the thriving Houston market. Strategically located in one of Texas’s most dynamic cities, this listing presents an excellent investment opportunity for hoteliers and hospitality groups looking to expand their portfolio.
Property Facts
| Price | $5,950,000 | Building Size | 44,392 SF |
| Price Per Room | $74,375 | No. Rooms | 80 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 10.15% | Year Built/Renovated | 1960/2023 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.8/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.90 AC |
| Price | $5,950,000 |
| Price Per Room | $74,375 |
| Sale Type | Investment |
| Cap Rate | 10.15% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.90 AC |
| Building Size | 44,392 SF |
| No. Rooms | 80 |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2023 |
| Tenancy | Single |
| Parking Ratio | 1.8/1,000 SF |
| Corridor | Exterior |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 80 | $61.00 | - |
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PROPERTY TAXES
| Parcel Number | 0642150000027 | Improvements Assessment | $913,635 |
| Land Assessment | $1,081,444 | Total Assessment | $1,995,079 |
PROPERTY TAXES
Parcel Number
0642150000027
Land Assessment
$1,081,444
Improvements Assessment
$913,635
Total Assessment
$1,995,079
zoning
| Zoning Code | F1 |
| F1 |
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Residencias Hobby | 8700 Gulf Fwy
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