Hotels for Sale

RESIDENCE INN HOUSTON SUGAR LAND, TX

Address:
Sugar Land, Texas
Description:

UNDER CONTRACT

  • Fee simple interest in the lender-owned, 78 room Residence Inn by Marriott Sugar Land TX offered at a substantial discount to replacement cost 
  • Property being offered for sale in the September 16th auction event on Ten-X 
  • Available unencumbered of debt and management with ability to retain the Marriott flag for a long-term license upon completion of the PIP 
  • Significant operational upside for a prospective owner in taking over for the current third-party management company and the lender who came into ownership of the asset in 2019 
  • Situated adjacent to and directly visible from US Interstate 69 with more than 234,000 vehicles passing the location daily
  • Proximate to all broader area demand including Noble Energy Headquarters, Minute Maid Headquarters, University of Houston, and Hobby Airport 
  • 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 second 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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