Holiday Inn Express Houston East - Baytown
91 Room Hotel | Baytown, TX 77521 | $8,500,000 ($93,407/Room)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $8,500,000
- Property Type
-
Hospitality
- Square Feet
- 50,788 SF
Listing Contacts
Eric Guerrero
Verified Profile
James Rebullida
Verified Profile
Kyle Peterek
Verified Profile
Fadi Rawashdeh
Verified Profile
- Property Info
Property Overview
For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=147607
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 91-key Holiday Inn Express & Suites Houston East - Baytown, a limited-service hotel asset in Baytown, Texas. This strong-performing hotel asset benefits from its location along Interstate 10 in a city that plays a major role in the oil and gas (O&G) industry’s downstream sector, home to one of the world’s largest oil refineries (ExxonMobil).
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 91-key Holiday Inn Express & Suites Houston East - Baytown, a limited-service hotel asset in Baytown, Texas. This strong-performing hotel asset benefits from its location along Interstate 10 in a city that plays a major role in the oil and gas (O&G) industry’s downstream sector, home to one of the world’s largest oil refineries (ExxonMobil).
Property Details
- Class
- B
- Year Built
- 2014
- Stories
- 4
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 97,574 SF
- Units
- 91
Highlights
- Ideal opportunity to acquire a strong performing Holiday Inn Express & Suites with significant upside opportunity, below replacement cost..
- RevPAR increased 7.0% during the trailing-twelve-month (TTM) period ending May 2024.
- New Long-Term franchise license agreement with IHG anticipated for new ownership.
- Robust Oil & Gas downstream market, there are multiple billion dollar 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 property is offered free and clear of any management encumbrances, providing an investor the flexibility to revamp the operational strategies.
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