Hotels for Sale

Best Western Plus Inn & Suites – Spring, TX

Address:
Spring, Texas
Description:
  • Fee simple interest in the receiver-controlled and managed 69-room, Best Western Plus Inn & Suites Spring, TX offered at a substantial discount to replacement cost
  • Receivership sale through the Ten-X auction event on June 30th, 2021
  • The hotel was built in 2015 and the Best Western communications in the due diligence room indicate that there will not be a change of ownership PIP to retain the flag
  • Offered unencumbered of debt and management with significant operational upside for prospective owner/operator since property has been under receiver control since March 2020
  • Situated adjacent to and visible from US Interstate 45, the primary commercial corridor for North Houston with more than 245,000 vehicles passing the location daily
  • Proximate to North Houston area demand including George Bush Intercontinental Airport (IAH), ExxonMobil, Occidental Petroleum, Memorial Hermann, St Luke’s Hospital and Alight Solutions
  • 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 2010-2020 with approximately 1.28MM new residents and is projected to gain another 1.24MM residents by 2029, which will make it one of the fastest growing MSAs 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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