2900 Gulf Fwy | Texas City, TX 77591
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- LoopNet Team
2900 Gulf Fwy
Texas City, TX 77591
La Quinta Inn & Suites Texas City I-45 · Hospitality Property For Sale
·
51,445 sq ft
INVESTMENT HIGHLIGHTS
- Value-add opportunity to acquire a recently built asset with operational upside below replacement cost
- Room revenues are up 11.6% through Oct 2023 YTD
- The Port of Galveston is the fourth most popular cruise port in the US with 362 sailings and more than 1.3 million cruise passengers this year
- Built in 2020, minimal change-of-ownership PIP expected
- Property has excellent visibility off the I-45 frontage road near Galveston Island and is located within the expanding Texas City market
- A financing package with an attractive below-market, fixed interest rate and a five-year term is available.
PROPERTY FACTS
| Property Type | Hospitality | No. Floors | 4 |
| Property Subtype | Hotel | Year Built | 2018 |
| Costar Property Class | B | Parking Allocation | 1.85/1,000 sq ft |
| Total Plot Size | 1.99 ac | Corridor | Interior |
| Property Size | 51,445 sq ft | ||
| Use Class | None | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | B |
| Total Plot Size | 1.99 ac |
| Property Size | 51,445 sq ft |
| No. Floors | 4 |
| Year Built | 2018 |
| Parking Allocation | 1.85/1,000 sq ft |
| Corridor | Interior |
| Use Class | None |
AMENITIES
- Business Centre
- Fitness Centre
- Pool
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wi-Fi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 7385-0000-0011-006 | Improvements Assessment | £1,834,392 |
| Land Assessment | £1,115,966 | Total Assessment | £2,950,358 |
PROPERTY TAXES
Parcel Number
7385-0000-0011-006
Land Assessment
£1,115,966
Improvements Assessment
£1,834,392
Total Assessment
£2,950,358
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