| Horizon International Real Estate Arizona-Nevada-New Mexico-Texas Hotels-Motels |
Texas Properties
Type
Price
Total Rev.
ADR
Location
Facilities
# of floors
Land
Addtl Facil
Price
Total Rev.
ADR
Location
Facilities
# of floors
Land
Addtl Facil
Hotel
$4,225,000.00
$980,000.00
$84.00
Dallas, Tex
60 rooms
3
NA
Indoor Pool, Spa,
Meeting Room,
Excercise facility,
Laundry
$4,225,000.00
$980,000.00
$84.00
Dallas, Tex
60 rooms
3
NA
Indoor Pool, Spa,
Meeting Room,
Excercise facility,
Laundry
This property is a 3 star
LaQuinta Inn & Suites. Price
has been reduced as owner
wishes to return to California.
The property is located in an
area that is too expensive to
build anything to compete. In
addition, the city will NOT allow
another limited service hotel.
Revenue has climbed since the
property was branded 3 years
ago. The hotel was renovated
in 2007. It is located in an
excellent stable market with
the potential of significant
savings if self run. Possible
owner financing
LaQuinta Inn & Suites. Price
has been reduced as owner
wishes to return to California.
The property is located in an
area that is too expensive to
build anything to compete. In
addition, the city will NOT allow
another limited service hotel.
Revenue has climbed since the
property was branded 3 years
ago. The hotel was renovated
in 2007. It is located in an
excellent stable market with
the potential of significant
savings if self run. Possible
owner financing
Type
Price
Location
Price/Rm
# of rooms
NOI (Actual)
Cap rate
ADR
Occ. rate
Stories
Land
Facilities
Price
Location
Price/Rm
# of rooms
NOI (Actual)
Cap rate
ADR
Occ. rate
Stories
Land
Facilities
Hotel
$7,800,000.00
Texas City
$93,975.90
83
$779,000.00
20%
$80
80%
3
1.89 acres
See below
$7,800,000.00
Texas City
$93,975.90
83
$779,000.00
20%
$80
80%
3
1.89 acres
See below
| Texas City-Houston-Galveston |
This is a turn key property. It is the only upscale extended stay property in the Texas City/LaMarque
area.The property has 83 upscale suite rooms with kitchenettes. It is a prototype 3 story ,real stucco
building according to IHG requirements. The property has high visibility off Hwy.146 N. and Loop 197. The
property includes spacious parking, fitness center, Guest Laundry facility,business center, elaborate
lobby, and an outside gazebo.This property opened in mid oct.2009 and all Average Daily Rate and
Average Occupancy are projected and estimated.
The property is located near the intersection of Hwy. 146 N. and Loop 197. This is approximately 35 miles
from Houston Hobby Airport. Nearby attractions include NASA Space Center, Galveston Island, Kemah
Boardwalk, Gulf Greyhound Racepark, the largest dog track in the nation, and the Texas City Dike,
Texascity convention center,which is a popular fishing location. The property is also near Mall of the
Mainland, College of the Mainland, Mainland Medical Center, and the UTMB Health Care System. The
main demand generators for this property are some the US's largest corporations, including BP (British
Petroleum), Valero petrolium Refinery and Marathon Petroleum Refinery, Sterling chemicals,DOW
Chemicals, TeppCo-Seaway Crude Pipeline, Yokogama ISP Technologies Inc., Aggreko Texas New Mexico
Power Company, and Oil Tanking Storage Company. The property is also nearby a proposed Texas City
International Terminal (Shoal Point), which is at an estimated cost of construction 1 billion dollars. Lastly,
the propery generates a high seasonal volume due to Galveston Island overflow.
area.The property has 83 upscale suite rooms with kitchenettes. It is a prototype 3 story ,real stucco
building according to IHG requirements. The property has high visibility off Hwy.146 N. and Loop 197. The
property includes spacious parking, fitness center, Guest Laundry facility,business center, elaborate
lobby, and an outside gazebo.This property opened in mid oct.2009 and all Average Daily Rate and
Average Occupancy are projected and estimated.
The property is located near the intersection of Hwy. 146 N. and Loop 197. This is approximately 35 miles
from Houston Hobby Airport. Nearby attractions include NASA Space Center, Galveston Island, Kemah
Boardwalk, Gulf Greyhound Racepark, the largest dog track in the nation, and the Texas City Dike,
Texascity convention center,which is a popular fishing location. The property is also near Mall of the
Mainland, College of the Mainland, Mainland Medical Center, and the UTMB Health Care System. The
main demand generators for this property are some the US's largest corporations, including BP (British
Petroleum), Valero petrolium Refinery and Marathon Petroleum Refinery, Sterling chemicals,DOW
Chemicals, TeppCo-Seaway Crude Pipeline, Yokogama ISP Technologies Inc., Aggreko Texas New Mexico
Power Company, and Oil Tanking Storage Company. The property is also nearby a proposed Texas City
International Terminal (Shoal Point), which is at an estimated cost of construction 1 billion dollars. Lastly,
the propery generates a high seasonal volume due to Galveston Island overflow.
| Dallas |