High-Traffic I-10 Hotel with Growth Potential | 15813 2nd St
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High-Traffic I-10 Hotel with Growth Potential 15813 2nd St
70 Hotel Rooms Online Auction Sale Channelview, TX 77530
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Investment Highlights
- Comfort Suites Channelview offers a 70-key hotel investment with a prime location in the expanding Houston market.
- Modern features include a well-equipped fitness center, a business center, a reservable meeting space, and relaxing outdoor deck and pool.
- With a 63% occupancy rate and an ADR of $71, the hotel offers solid cash flow and significant potential for value-add improvements.
- Hotel is located just off Interstate 10, with prominent signage visible to more than 120,000 passing vehicles each day.
- Hotel is placed minutes from Downtown Houston, the Port of Houston, and attractions like the Battleship Texas and San Jacinto Battleground.
Executive Summary
Comfort Suites Channelview offers investors the chance to acquire a performing major flag hotel in an exceptional location just off Interstate 10 in the Channelview suburb of Houston, Texas.
Built in 2017 on a highly visible 1.99-acre lot, the hotel provides 70 keys across four floors with quality amenities. Prominent building top signage and a modern façade attract the more than 120,000 vehicles that pass by the hotel each day on the interstate. The lot accommodates elevated traffic with easy points of ingress/egress, 65 surface parking spaces, and an entryway with a porte cochere. Guests enjoy access to a well-equipped fitness center, a business center, an outdoor deck and pool, and a reservable meeting space.
Comfort Suites Channelview offers several potential upsides to a new owner. No PIP has been completed on the property since construction, and a new owner can seek to complete the PIP or terminate the existing flag agreement, set to expire in three years. The hotel is an optimal candidate for a conversion to the Spark by Hilton brand. See the associated documents in the Data Room for additional information. With current occupancy rates of 63% and an ADR of $71, this investment provides existing cash flow with robust value-add optionality.
The Comfort Suites Channelview is conveniently located only minutes from the vibrant Houston Downtown and the beautiful Port of Houston, with access to all the area's best attractions. Guests can enjoy the wild outdoors or learn about local history, staying only 13 miles from Battleship Texas State Historic Site and San Jacinto Battleground State Historic Site. The hotel is only 5 miles from the River Terrace Golf Course, and anyone searching for a more relaxed outdoor experience will find the Rio Villa Nature Trail 6 miles away. Families looking to beat the heat are only 12 miles from Pirates Bay Waterpark and Sheldon Lake State Park and less than 20 miles to Morgan’s Point and Sylvan Beach Park.
With a desirable location, established cash flow, and various growth opportunities, the Comfort Suites Channelview is an outstanding investment for those looking to capitalize on a well-positioned, high-traffic hotel in the growing Houston area.
Built in 2017 on a highly visible 1.99-acre lot, the hotel provides 70 keys across four floors with quality amenities. Prominent building top signage and a modern façade attract the more than 120,000 vehicles that pass by the hotel each day on the interstate. The lot accommodates elevated traffic with easy points of ingress/egress, 65 surface parking spaces, and an entryway with a porte cochere. Guests enjoy access to a well-equipped fitness center, a business center, an outdoor deck and pool, and a reservable meeting space.
Comfort Suites Channelview offers several potential upsides to a new owner. No PIP has been completed on the property since construction, and a new owner can seek to complete the PIP or terminate the existing flag agreement, set to expire in three years. The hotel is an optimal candidate for a conversion to the Spark by Hilton brand. See the associated documents in the Data Room for additional information. With current occupancy rates of 63% and an ADR of $71, this investment provides existing cash flow with robust value-add optionality.
The Comfort Suites Channelview is conveniently located only minutes from the vibrant Houston Downtown and the beautiful Port of Houston, with access to all the area's best attractions. Guests can enjoy the wild outdoors or learn about local history, staying only 13 miles from Battleship Texas State Historic Site and San Jacinto Battleground State Historic Site. The hotel is only 5 miles from the River Terrace Golf Course, and anyone searching for a more relaxed outdoor experience will find the Rio Villa Nature Trail 6 miles away. Families looking to beat the heat are only 12 miles from Pirates Bay Waterpark and Sheldon Lake State Park and less than 20 miles to Morgan’s Point and Sylvan Beach Park.
With a desirable location, established cash flow, and various growth opportunities, the Comfort Suites Channelview is an outstanding investment for those looking to capitalize on a well-positioned, high-traffic hotel in the growing Houston area.
Data Room Click Here to Access
- Operating and Financials
- Spark Conversion Info
- Purchase Agreement
- Title and Insurance
- PIP
Market Analytics Click Here to Access
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Market Sale Price per Room
Houston - TX USA
Market Cap Rate
Houston - TX USA
Market Sale Price per Room by Class
Luxury & Upper Upscale
Upscale & Upper Midscale
Midscale & Economy
Market Cap Rate by Class
Luxury & Upper Upscale
Upscale & Upper Midscale
Midscale & Economy
Market Sale Price per Room Distribution
Market Cap Rate Distribution
Property Facts
| Sale Type | Investment | Building Size | 50,720 SF |
| Sale Conditions | Auction Sale | No. Rooms | 70 |
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built | 2017 |
| Building Class | B | Parking Ratio | 1.28/1,000 SF |
| Lot Size | 1.99 AC | Corridor | Interior |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.99 AC |
| Building Size | 50,720 SF |
| No. Rooms | 70 |
| No. Stories | 4 |
| Year Built | 2017 |
| Parking Ratio | 1.28/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- On-Site Retail
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 70 | $286.42 CAD | - |
PROPERTY TAXES
| Parcel Number | 1320990010001 | Improvements Assessment | $2,539,962 CAD |
| Land Assessment | $1,126,806 CAD | Total Assessment | $3,666,768 CAD |
PROPERTY TAXES
Parcel Number
1320990010001
Land Assessment
$1,126,806 CAD
Improvements Assessment
$2,539,962 CAD
Total Assessment
$3,666,768 CAD
zoning
| Zoning Code | None |
| None |
Sale Advisor
Sale Advisor
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Derek Rudd
Contact
Auctioneer License:
Ten-X Commercial, LLC Todd Siegel RE Brkr 9004662
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
Presented by
Seth Equities
High-Traffic I-10 Hotel with Growth Potential | 15813 2nd St
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High-Traffic I-10 Hotel with Growth Potential | 15813 2nd St
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