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Candlewood Suites Houston NE - Stafford 11230 Southwest Fwy
80 Room Hotel Houston, TX 77031 For Sale
Investment Highlights
- Fee-simple interest in the 80-room Candlewood Suites Houston NE Houston/Stafford TX
- Property recently underwent a comprehensive Candlewood Suites conversion renovation, with current ownership investing approximately $2.34MM
Executive Summary
Property recently underwent a comprehensive Candlewood Suites conversion renovation, with current ownership investing approximately $2.34MM ($29.3K/key) into the asset
Product type with fully equipped kitchens is ideal for future potential residential conversion or other alternative use pending zoning and municipality approval
Property Facts
| Sale Type | Investment | No. Rooms | 80 |
| Sale Conditions | Business Value Included | Number of Floors | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1999/2023 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 1.7/1,000 SF |
| Lot Size | 2.56 AC | Corridor | Interior |
| Building Size | 50,545 SF | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.56 AC |
| Building Size | 50,545 SF |
| No. Rooms | 80 |
| Number of Floors | 3 |
| Year Built/Renovated | 1999/2023 |
| Tenancy | Single |
| Parking Ratio | 1.7/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Amenities
- Business Centre
- Fitness Centre
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wi-Fi
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
About 11230 Southwest Fwy , Houston, TX 77031
Ideally located near Sugar Land, proximate to all regional demand including Schlumberger Headquarters, Accredo Packaging, Minute Maid Headquarters, Atrium Medical Center, UTMB Health, Rice University Hobby Airport, and NRG Stadium. Property is readily accessible via Interstate 69 with upwards of 230,000 vehicles passing the location daily Extended stay economy product is widely revered as recession proof and remains a favorite investment sector amidst private and public investors Extended stay market grossly outperformed other lodging sectors amidst the COVID recovery and is ideally positioned for future growth High margin business model is optimal for any forward economic contraction given limited labor requirements with no sales department or food and beverage offering Ideal time to be investing in Houston with an MSA population of ~7.5MM residents, the second highest number of Fortune 500 headquarters within the US, and a highly favorable tax climate, which has made it one of the fastest growing MSAs in the US for two consecutive decades
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 80 | £89.95 | - |
PROPERTY TAXES
| Parcel Number | 0441040000245 | Improvements Assessment | £291,252 |
| Land Assessment | £872,228 | Total Assessment | £1,163,481 |
PROPERTY TAXES
zoning
| Zoning Code | None |
| None |
-
Jacki Bubis -
Michael Sheppard -
Subu Thiagarajan -
Paramount Lodging Advisors
Presented by
Candlewood Suites Houston NE - Stafford | 11230 Southwest Fwy
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