Financial Information

Asking Price: $3,400,000

Gross Revenue: $650,888

Cash Flow: $187,434

Down Payment: –

FF&E (Included): $200,000

Inventory: N/A

Financing: Yes

Business Location
Houston
Business Summary

Prime investment opportunity, your chance to own a hotel in the heart of Southwest Houston. A 120-unit hotel, this 30,000 square feet building sits on 2.99 acres and offers rooms at competitive prices. Each unit offers a private room and discount packages for longer stays.

Independent hotel with room for growth, needs new owner to put their hands on and ride the revenues to the max . A lot of potential for the big profit with just some upgrades and some good skills of management.

This acquisition can be approached as going concern or as an opportunity for redevelopment. There are several options for redevelopment, from a complete tear down and rebuild into a multi-level, multi-purpose complex or dealership.

Facilities: 120 Unit Hotel. 1 bedroom and 2 bedroom. Lobby with potential owner/manager apartment. Central air condition in lobby; after hours secure lobby area. Privacy gate for commuters. Security cameras. Individually air conditioned room.

Support / Training Comments:

Sellers are willing to train the new owners.

Reason For Sale:

Owners are looking forward to next venture.

Additional Details:

Home Based: No

Year Acquired: 1992

Relocatable: No

Franchise: No

Willing to Train: Yes

Required Licences: Sales Tax. Occupancy.

Is Property Leased: No

Real Estate Included: Yes

Days Open: 7

Fulltime Employees: 2

Is Management Staying: No

Monthly Payroll: –

Monthly Rent: N/A

Real Estate Available: Yes

Real Estate Value: $2,800,000

Hours Open: 24 hours

Part time Employees: 6

Distressed: No

Building Size: 33,449 sq ft

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