Hotels for Sale

Holiday Inn Express Kingwood, TX

Address:
Kingwood, Texas
Description:
  • Fee-simple interest in the REO 73-room Holiday Inn Express & Suites hotel available at a significant discount to replacement cost
  • Property is being offered for sale in the August 26th auction event on Ten-X
  • Available unencumbered of debt and management with the ability to retain the Holiday Inn Express flag for a long-term license upon completion of the PIP
  • Under receivership since July 2019 with the foreclosure completed in November 2019, allowing for ample operational upside for a prospective buyer
  • The asset was closed in April 2020 providing new ownership the opportunity to reposition and renovate the property in preparation for the ongoing market recovery and stabilization
  • Situated adjacent to Interstate-69 with direct visibility and easy accessibility to the upwards of 155,000 vehicles passing the location daily
  • Within walking distance of the 419-bed HCA Houston Kingwood full-service acute care hospital with a staff of 1,800 employees offering general and specialty healthcare services
  • Approximately eight miles to Houston George Bush Intercontinental Airport (IAH), which registered +45MM passengers in 2019 and is currently in the midst of a +$1.2B international terminal expansion with targeted completion in 2022
  • Proximate to all broader area demand including Halliburton Global Headquarters, Exxon Mobil, Lone Star Community College, Sysco, Insperity Headquarters, Mercer Arboretum & Botanical Gardens
  • Optimal time to be investing in Houston with the city home to nearly 7MM residents, the second highest number of Fortune 500 headquarters within the US, and a highly favorable tax climate that will incentivize economic growth and diversification in the midst of the national economic recovery
  • Houston was the fastest growing metropolitan area from 2010-2019 with approximately 1.28MM new residents and is projected to gain another 1.24MM residents by 2029 – which will make it the fastest growing metro area in the US for two consecutive decades

Listing Agents

Kami Burnette
T | 512.831.5605
Email

Mason McDavid
T | 312.724.5960
Email

Bennett Webster
T | 312.239.0560
Email

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