Hotels for Sale

Holiday Inn Express & Suites – Cleveland, TX

Address:
Cleveland, TX, Texas
Description:

UNDER CONTRACT

  • Fee simple interest in the 68-room Holiday Inn Express Cleveland TX offered at a substantial discount to replacement cost¬†
  • Property offered for sale in the February 24th auction event on the RealINSIGHT Marketplace
  • Absentee-owned hotel with significant upside for a prospective buyer taking over for current management¬†
  • Ability to retain the Holiday Inn Express flag for a long-term license
  • Elements of the Formula Blue PIP have been completed thus reducing future renovation budgets
  • Situated directly adjacent to and directly visible from US Interstate 69, the primary commercial corridor for Cleveland and Northeast Houston with more than 25,000 vehicles passing the location daily
  • Optimal time to be investing in the Houston MSA 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 Houston one of the fastest growing metro areas in the US for two consecutive decades

Listing Agents

Kami Burnette
T | 512.831.5605
Email

Mason McDavid
T | 512.543.4653
Email

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