236 Unit Multifamily Texas
Investment Highlights
Houston Hotel Portfolio – 236 Keys + Commercial Upside. Three hotels, 2 flagged, 1 independent. 236 keys + 2 manager apartments across 2 tracts / 1 parcel. Current occupancy approximately 58% with annual revenue around $2.8M.
Additional improvements include 2 meeting rooms, dining hall/event space, and 7,000+ SF of leasable restaurant/commercial space with potential for multi-tenant income. Strong value-add hospitality play. Asking 12.25M (50k/key)
Property Breakdown
Quality Inn- 83 keys
Motel 6- 93 Keys & 1 Manager’s Apartment
Luxury Inn (independent) - 60 Keys & 2 Manager’s Apartments
Owner selling because they're retiring and selling off their assets. Term on motel 6 through 2032. Quality inn to 2033.
Quality Inn has new carpets and furniture and at comfort inn standards.
Location
📍 Texas
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