Houston Hotel with Growth Potential

Houston, TX (Harris County)

Hotel
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Asking Price: $3,200,000

Cash Flow: $142,741

Gross Revenue: $548,882

EBITDA: N/A

FF&E: $200,000

Inventory: N/A

Real Estate: $2,800,000

Established: 1979

Houston Hotel with Growth Potential

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Business Description

Prime investment opportunity, your chance to own a hotel in the heart of Southwest Houston. A 120-unit hotel, this 30,000 square feet building sits on 2.99 acres and offers rooms at competitive prices. Each unit offers a private room and discount packages for longer stays.

Independent hotel with room for growth, needs new owner to put their hands on and ride the revenues to the max . A lot of potential for the big profit with just some upgrades and some good skills of management.

This acquisition can be approached as going concern or as an opportunity for redevelopment. There are several options for redevelopment, from a complete tear down and rebuild into a multi-level, multi-purpose complex or dealership.

Detailed Information

Location:
Houston, TX
Real Estate:
Owned
Included in asking price
Building SF:
33,449
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
120 Unit Hotel. 1 bedroom and 2 bedroom. Lobby with potential owner/manager apartment. Central air condition in lobby; after hours secure lobby area. Privacy gate for commuters. Security cameras. Individually air conditioned room.
Competition:
Prime location with freeway access. Located near major attractions and business districts.
Growth & Expansion:
Opportunity to rebrand and/or remodel if desired. Prime location for conversion to apartments or car dealership.
Support & Training:
Owner willing to train.
Reason for Selling:
Wants to relocate
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Xavier Egan

Business Listed By:
Xavier Egan

River City Business Alliance

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