Comfort Suites Near NASA - Clear Lake | 16931 Texas Ave
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Comfort Suites Near NASA - Clear Lake 16931 Texas Ave
58 Room Hotel Webster, TX 77598 £3,476,044 (£59,932/Room)
Investment Highlights
- The 58-key count is considered an ideal size for an experienced owner/operator.
- Rooms revenue rose from $844,814 in 2022 to $974,657 in 2023 (15.38% increase). Year-to-date April 2024 shows a 21.65% increase over last year.
- This opportunity presents an investor with the ability to acquire the Property at a price well below replacement cost at $75,862 per key.
- Before COVID-19, from 2014-2019, the Hotel averaged $1,134,912 in annual revenue, showing strong potential for new investors.
- Current ownership recently renovated the Property, including the public areas and guestrooms, at a cost of $400,000, or $6,900 per key.
- Near NASA, Baybrook Mall, Kemah Boardwalk, and UH-Clear Lake, the Hotel attracts business & leisure travelers with nearby dining and entertainment.
Executive Summary
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=146570
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 58-key Comfort Suites near NASA Clear Lake, a limited-service hotel asset in Webster, Texas. A more “hands on” investor will have the ability to realize the significant upside of acquiring a recently renovated property with further potential at a price well below replacement cost.
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 58-key Comfort Suites near NASA Clear Lake, a limited-service hotel asset in Webster, Texas. A more “hands on” investor will have the ability to realize the significant upside of acquiring a recently renovated property with further potential at a price well below replacement cost.
Property Facts
| Price | £3,476,044 | Building Size | 40,178 SF |
| Price Per Room | £59,932 | No. Rooms | 58 |
| Sale Type | Investment | Number of Floors | 3 |
| Property Type | Hospitality | Year Built | 2006 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 1.62/1,000 SF |
| Lot Size | 1.78 AC | Corridor | Interior |
| Price | £3,476,044 |
| Price Per Room | £59,932 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.78 AC |
| Building Size | 40,178 SF |
| No. Rooms | 58 |
| Number of Floors | 3 |
| Year Built | 2006 |
| Tenancy | Single |
| Parking Ratio | 1.62/1,000 SF |
| Corridor | Interior |
Amenities
- Business Centre
- Fitness Centre
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wi-Fi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 58 | £97.17 | - |
PROPERTY TAXES
| Parcel Number | 1275800010001 | Improvements Assessment | £1,293,571 |
| Land Assessment | £489,212 | Total Assessment | £1,782,783 |
PROPERTY TAXES
Parcel Number
1275800010001
Land Assessment
£489,212
Improvements Assessment
£1,293,571
Total Assessment
£1,782,783
zoning
| Zoning Code | None |
| None |
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Andrew Frosch -
Joseph Manuel -
Fadi Rawashdeh -
Kyle Peterek -
HVS
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Comfort Suites Near NASA - Clear Lake | 16931 Texas Ave
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