Holiday Inn & Suites Houston West - Westway | 4606 Westway Park Blvd
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Holiday Inn & Suites Houston West - Westway 4606 Westway Park Blvd
113 Room Hotel Houston, TX 77041 £5,829,253 (£51,586/Room)
Investment Highlights
- Five-Story, Interior Corridor, IHG-Branded Hotel
- Short Drive to IAH Airport (46M+ Passengers in 2023 // 8th-Busiest Airport in North America)
- Area Attractions Include Sam Houston Race Park, Seismique, Houston Arboretum, Waterwall Park, Downtown Aquarium, White Oak Music Hall and 3 Profession
- ±$200K in Recent Capital Improvements Since 2019
- Ideally Located off of Beltway 8, Just 15 Minutes from Downtown Houston
- Surrounded by Several Major Universities & Medical Centers
Executive Summary
Price Reduced: Holiday Inn | Houston, TX MSA
Tim Speck // Broker of Record // License TX 9002994
Property Tours
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn & Suites Houston West - Westway Park in northwest Houston, Texas. The Hotel is a five-story building sitting on 2.04 acres and consists of 113 interior corridor guest rooms. Amenities include Legend's Bar & Grill, heated indoor pool and spa, fitness center, and outdoor patio with seating. Business amenities include a business center and 3,168 square feet of meeting space.
The property is ideally located 15 minutes northwest of Downtown Houston and a short drive to George Bush Intercontinental Airport (IAH), the eighth-busiest airport in North America. The market is host to several museums, outdoor activities and sporting venues, including the Toyota Center (home to NBA's Rockets), Minute Maid Park (home to MLB's Astros), and NRG Stadium (home to NFL's Texans). Nearby attractions include Seismique, Houston Arboretum, Waterwall Park, Downtown Aquarium, White Oak Music Hall and more.
The Houston MSA benefits from tens of educational institutions and low costs of living and doing business. Houston is a top destination for corporate relocations and is home to more than 20 Fortune 500 companies.
The Holiday Inn & Suites Houston West - Westway Park represents the opportunity to acquire a renovated IHG-branded hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes property stabilization and continued growth supported by the surrounding area property performances, increasing population and demand growth in the Houston region.
Tim Speck // Broker of Record // License TX 9002994
Property Tours
Do not contact on-site staff. All property tours must be scheduled through the listing agent. Prospective purchasers are encouraged to visit the subject property prior to submitting offers.
Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn & Suites Houston West - Westway Park in northwest Houston, Texas. The Hotel is a five-story building sitting on 2.04 acres and consists of 113 interior corridor guest rooms. Amenities include Legend's Bar & Grill, heated indoor pool and spa, fitness center, and outdoor patio with seating. Business amenities include a business center and 3,168 square feet of meeting space.
The property is ideally located 15 minutes northwest of Downtown Houston and a short drive to George Bush Intercontinental Airport (IAH), the eighth-busiest airport in North America. The market is host to several museums, outdoor activities and sporting venues, including the Toyota Center (home to NBA's Rockets), Minute Maid Park (home to MLB's Astros), and NRG Stadium (home to NFL's Texans). Nearby attractions include Seismique, Houston Arboretum, Waterwall Park, Downtown Aquarium, White Oak Music Hall and more.
The Houston MSA benefits from tens of educational institutions and low costs of living and doing business. Houston is a top destination for corporate relocations and is home to more than 20 Fortune 500 companies.
The Holiday Inn & Suites Houston West - Westway Park represents the opportunity to acquire a renovated IHG-branded hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes property stabilization and continued growth supported by the surrounding area property performances, increasing population and demand growth in the Houston region.
Property Facts
| Price | £5,829,253 | Building Size | 88,878 SF |
| Price Per Room | £51,586 | No. Rooms | 113 |
| Sale Type | Investment | Number of Floors | 5 |
| Property Type | Hospitality | Year Built/Renovated | 2010/2019 |
| Property Subtype | Hotel | Parking Ratio | 1.14/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.04 AC |
| Price | £5,829,253 |
| Price Per Room | £51,586 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.04 AC |
| Building Size | 88,878 SF |
| No. Rooms | 113 |
| Number of Floors | 5 |
| Year Built/Renovated | 2010/2019 |
| Parking Ratio | 1.14/1,000 SF |
| Corridor | Interior |
Amenities
- Business Centre
- Fitness Centre
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Indoor Pool
- Meeting Event Space
- Public Access Wi-Fi
- Smoke-Free
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 29 | £82.16 | - |
| Guest Room | 84 | £71.99 | - |
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PROPERTY TAXES
| Parcel Number | 1242860010001 | Improvements Assessment | £2,272,583 |
| Land Assessment | £1,041,425 | Total Assessment | £3,314,008 |
PROPERTY TAXES
Parcel Number
1242860010001
Land Assessment
£1,041,425
Improvements Assessment
£2,272,583
Total Assessment
£3,314,008
zoning
| Zoning Code | N/Ap |
| N/Ap |
-
Timothy Speck -
Marcus & Millichap
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Holiday Inn & Suites Houston West - Westway | 4606 Westway Park Blvd
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