12909 Northwest Freeway | Houston, TX 77040
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This Hospitality Property is no longer advertised on LoopNet.co.uk.
12909 Northwest Freeway
Houston, TX 77040
Hampton Inn Houston-Brookhollow · Hospitality Property For Sale · 40,680 SF
Investment Highlights
- Prime Northwest Houston location, 20 minutes to Downtown, with $3.2 million in renovations completed in 2019, meaning minimum PIP expected for buyer.
- Conveniently situated off Highway 290 in Brookhollow's business district near 610 and Beltway 8, near offices for GE, Reynolds & Reynolds, and more.
- Traffic has increased drastically since Highway 290 was expanded, and the hotel is near the planned bullet train station at the old Northwest Mall.
- Excellent proximity to many Houston leisure attractions, like the Galleria and the Houston Premium Outlets, providing easy access to business travel.
- The hotel is 26 miles from the George Bush International Airport and 24 miles from Houston Hobby Airport.
- In-place NOI was yielding only 6.9% of GR for 2019 YE, allowing the opportunity to lower expenses with more aggressive operations.
PROPERTY FACTS
Property Type | Hospitality | Number of Floors | 3 |
Property Subtype | Hotel | Year Built/Renovated | 1998/2018 |
Building Class | B | Tenancy | Single |
Lot Size | 1.74 AC | Parking Ratio | 2.7/1,000 SF |
Building Size | 40,680 SF | Corridor | Interior |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | B |
Lot Size | 1.74 AC |
Building Size | 40,680 SF |
Number of Floors | 3 |
Year Built/Renovated | 1998/2018 |
Tenancy | Single |
Parking Ratio | 2.7/1,000 SF |
Corridor | Interior |
Amenities
- Business Centre
- Fitness Centre
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wi-Fi
- Smoke-Free
- Digital key
Links
PROPERTY TAXES
Parcel Number | 1077670000009 | Improvements Assessment | £1,969,460 |
Land Assessment | £904,494 | Total Assessment | £2,873,954 |
PROPERTY TAXES
Parcel Number
1077670000009
Land Assessment
£904,494
Improvements Assessment
£1,969,460
Total Assessment
£2,873,954
zoning
Zoning Code | N/Ap |
N/Ap |
Listing ID: 22149009
Date on Market: 03/02/2021
Last Updated:
Address: 12909 Northwest Freeway, Houston, TX 77040
The Hospitality Property at 12909 Northwest Freeway, Houston, TX 77040 is no longer being advertised on LoopNet.co.uk. Contact the broker for information on availability.
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