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- LoopNet Team
11230 Southwest Fwy
Houston, TX 77031
Candlewood Suites Houston NE - Stafford · Hospitality Property For Sale
·
50,545 sq ft
INVESTMENT HIGHLIGHTS
- Fee-simple interest in the 80-room Candlewood Suites Houston NE Houston/Stafford TX
- Property recently underwent a comprehensive Candlewood Suites conversion renovation, with current ownership investing approximately $2.34MM
PROPERTY FACTS
| Property Type | Hospitality | No. Floors | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1999/2023 |
| Costar Property Class | B | Tenancy | Single |
| Total Plot Size | 2.56 ac | Parking Allocation | 1.7/1,000 sq ft |
| Property Size | 50,545 sq ft | Corridor | Interior |
| Use Class | None | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | B |
| Total Plot Size | 2.56 ac |
| Property Size | 50,545 sq ft |
| No. Floors | 3 |
| Year Built/Renovated | 1999/2023 |
| Tenancy | Single |
| Parking Allocation | 1.7/1,000 sq ft |
| Corridor | Interior |
| Use Class | None |
AMENITIES
- Fitness Centre
- Pool
- Public Access Wi-Fi
- Smoke-Free
- Fully-Equipped Kitchen
ABOUT 11230 SOUTHWEST FWY , HOUSTON, TX 77031
Ideally located near Sugar Land, proximate to all regional demand including Schlumberger Headquarters, Accredo Packaging, Minute Maid Headquarters, Atrium Medical Center, UTMB Health, Rice University Hobby Airport, and NRG Stadium. Property is readily accessible via Interstate 69 with upwards of 230,000 vehicles passing the location daily Extended stay economy product is widely revered as recession proof and remains a favorite investment sector amidst private and public investors Extended stay market grossly outperformed other lodging sectors amidst the COVID recovery and is ideally positioned for future growth High margin business model is optimal for any forward economic contraction given limited labor requirements with no sales department or food and beverage offering Ideal time to be investing in Houston with an MSA population of ~7.5MM residents, the second highest number of Fortune 500 headquarters within the US, and a highly favorable tax climate, which has made it one of the fastest growing MSAs in the US for two consecutive decades
PROPERTY TAXES
| Parcel Number | 0441040000245 | Improvements Assessment | £401,997 |
| Land Assessment | £826,130 | Total Assessment | £1,228,126 |
PROPERTY TAXES
