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Studio 6 Houston, TX - East 16939 East Fwy

56 Room Hotel Channelview, TX 77530 $4,203,780 CAD ($75,068 CAD/Room)

Investment Highlights

  • Prime Location - Exceptional Visibility and Accessibility
  • Strategic Position Near Major Employers and Key Industries
  • Climbing Submarket RevPAR
  • Strong Connectivity
  • Key Attractions - Historical, Natural, and Recreational Sites Nearby

Executive Summary

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors Studio 6 Channelview, TX – Baytown West (‘Hotel’ or ‘Property’) located in Channelview, Texas. The G6 Hospitality-branded hotel is offered at $3,000,000 or $53,571 per key.
The Studio 6 Channelview, TX – Baytown West is a 56-room, two-story hotel stationed at 16939 East Freeway in Channelview, Texas, just off a stretch of Interstate 10 that averages nearly 130,000 vehicles per day. Various common area amenities at the property include an outdoor pool with a barbecue area, a guest coin laundry facility, and a business center.
Strategically positioned less than 30 miles from both George Bush Intercontinental Airport and William P. Hobby Airport, the Studio 6 Channelview offers exceptional connectivity for travelers. George Bush Intercontinental Airport, a major hub serving over 45 million passengers annually, provides extensive domestic and international flight options. William P. Hobby Airport, primarily serving domestic flights and a key hub for Southwest Airlines, handles over 14 million passengers yearly, offering a convenient alternative for U.S. travel.
Channelview, located in Harris County just 15 miles east of Houston along the Houston Ship Channel, benefits from its prime location within the Greater Houston metropolitan area. The city's economy is bolstered by a strong industrial and petrochemical presence, anchored by major employers such as ExxonMobil Chemical Baytown Technology & Engineering Complex (7.3 miles) with approximately 7,000 employees and LyondellBasell (4.4 miles) employing around 2,000 people. Houston Methodist Baytown Hospital, situated 9.8 miles away, employs approximately 1,500 individuals and operates 269 beds, adding to the area's appeal.
In addition to its industrial strengths, Channelview offers a rich blend of historical, natural, and recreational attractions. The San Jacinto Battleground (15.5 miles) invites visitors to explore Texas's quest for independence, while Sheldon Lake State Park (10.8 miles) provides scenic trails through diverse landscapes. The Baytown Nature Center (7.1 miles), spanning 500 acres, attracts birdwatchers and nature enthusiasts. The historic Lynchburg Ferry (6.2 miles) offers a unique crossing experience over the Houston Ship Channel, and boat tours provide insight into the region's industrial significance. The combination of economic vitality, strategic location, and diverse attractions positions the Studio 6 Channelview as an ideal choice for hotel investment, promising a steady influx of guests seeking both business and leisure experiences.
As of June, the 12-month average RevPAR in the Houston East/Baytown hotel submarket increased at an annual rate of 3.1%, indicating robust growth and a lower-risk environment, boosting investor confidence in the asset and thriving market.

Property Facts

Price $4,203,780 CAD
Price Per Room $75,068 CAD
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.72 AC
Building Size 24,592 SF
No. Rooms 56
No. Stories 2
Year Built 1992
Parking Ratio 2.44/1,000 SF
Corridor Exterior

Amenities

  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Fully-Equipped Kitchen

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 56 $99.49 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0650900070001
Land Assessment
$629,018 CAD
Improvements Assessment
$1,054,829 CAD
Total Assessment
$1,683,847 CAD

zoning

Zoning Code none (N/A)
none (N/A)
  • Listing ID: 32783611

  • Date on Market: 2024-08-13

  • Last Updated:

  • Address: 16939 East Fwy, Channelview, TX 77530

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