27130 Highway 290 | Cypress, TX 77433
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27130 Highway 290
Cypress, TX 77433
La Quinta Inn & Suites by Wyndham Houston · Hospitality Property For Sale · 48,560 SF
Investment Highlights
- Opportunity to acquire a recently built asset located in the growing suburban Cypress submarket of the Houston MSA at a price well below replacement.
- Built as a La Quinta by Wyndham Del Sol prototype and opened in 2016, well maintained by current ownership with minimal PIP expected.
- During the past three months, the hotel has performed strongly, with monthly room revenue exceeding 2019 levels.
- Room bookings show robust momentum, and the asset may meet or exceed 2019 annual room revenue in 2021.
- Strategically located along US Highway 290 between the Houston Premium Outlets and Cypress Towne Center.
- Near many demand generators, including Sysco Business Services, HCA Houston Healthcare North Cypress, FedEx, and many more.
PROPERTY FACTS
Property Type | Hospitality | Number of Floors | 4 |
Property Subtype | Hotel | Year Built | 2016 |
Building Class | B | Parking Ratio | 1.75/1,000 SF |
Lot Size | 1.43 AC | Corridor | Interior |
Building Size | 48,560 SF |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | B |
Lot Size | 1.43 AC |
Building Size | 48,560 SF |
Number of Floors | 4 |
Year Built | 2016 |
Parking Ratio | 1.75/1,000 SF |
Corridor | Interior |
Amenities
- Business Centre
- Fitness Centre
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wi-Fi
- Smoke-Free
Links
PROPERTY TAXES
Parcel Number | 1301600010009 | Improvements Assessment | £2,979,871 |
Land Assessment | £736,008 | Total Assessment | £3,715,879 |
PROPERTY TAXES
Parcel Number
1301600010009
Land Assessment
£736,008
Improvements Assessment
£2,979,871
Total Assessment
£3,715,879
Listing ID: 23486595
Date on Market: 22/06/2021
Last Updated:
Address: 27130 Highway 290, Cypress, TX 77433
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