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Houston Hospitality Properties for Sale
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Hospitality Properties For Sale in Houston
Houston is a center of economic growth, with a large infrastructure that supports industries like energy, healthcare, and aeronautics. Its location near Galveston Bay and the Gulf of Mexico is important for its port operations, which are crucial for international trade. The city has a strong educational system with several universities, creating a skilled workforce that contributes to its dynamic economy. Hospitality properties in Houston are a good choice for investors and operators because of the city's size and cultural offerings. Important institutions such as the Texas Medical Center and the Johnson Space Center bring in many visitors, creating a strong market for hospitality listings, with currently 26 available.
Hospitality properties in Houston benefit from the city's strong economy and cultural offerings. These listings are well-placed for travelers visiting the Texas Medical Center and NASA's Johnson Space Center. Houston's restaurants serve a diverse local population and attract visitors from around the world, making the city known for its food scene. Real estate opportunities like apartment buildings are growing, providing housing for an increasing workforce. Shopping centers in Houston take advantage of a large consumer base, with retail opportunities that match the spending abilities of over 2.3 million people. These different property types show that Houston is full of opportunities, with hospitality properties being key to the visitor experience.
Learn About Hospitality Properties For Sale in Houston
How many hospitality properties listings are available for sale in Houston?
Currently, there are 26 hospitality properties listings available for sale in Houston.
What factors should I consider when searching for hospitality properties for sale in Houston?
When evaluating hospitality properties for sale in Houston, it's important to consider the local market dynamics, the property's attributes, and potential operating costs.
- Reviewing the average price per square foot, which is $138, can provide insight into the current market value of hospitality listings in the area.
- Assessing the size of the property is critical, with the average size being 70,441 SF and options available up to 477,400 SF to accommodate different operational scales.
- Understanding the average capitalization (cap) rate, currently at 4.91%, can help you gauge the property's potential return on investment in relation to other 26 hospitality listings.
How much does it cost to buy a hospitality property in Houston?
The cost to purchase a hospitality property in Houston varies, with current listings reflecting a range of prices based on location, size, and amenities.
- The average price per square foot for hospitality properties is $138, offering a general guideline for potential buyers.
- With an average size of 70,441 SF and availability of 26 listings, buyers have numerous options to consider.
What is the largest hospitality property available to buy in Houston?
The largest hospitality property currently listed for sale in Houston offers 477,400 SF of space.
Why is Houston an ideal location for hospitality properties for sale?
Houston’s diverse economy, significant international community, and attractions like the Museum District and Theater District create a dynamic environment for hospitality properties, reflecting the demand with an average price of $138 and an average size of 70,441 SF.
Hospitality Properties in Houston - Size Summary
| Hospitality Property Size | Square Feet |
|---|---|
| Maximum | 477,400 SF |
| Average | 70,441 SF |
| Minimum | 2,485 SF |
Hospitality Properties in Houston - Price
| Hospitality Property Price | Price Per SF |
|---|---|
| Maximum | $243 Per SF |
| Average | $138 Per SF |
| Minimum | $84 Per SF |
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