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Executive Summary

Offered at a significant discount to replacement cost .The new buyer will have the opportunity to revamp the Hotel with Renovated Rooms , employing a more aggressive revenue management strategy and strategic cost control initiatives. Refreshed Room product will allow the new owner to more effectively compete by improving penetration within the Transient competitive set while increasing cash flow through improving operating margins.
Houston is the 4th largest city in the United States and the largest in Texas. The city also has a global economy and only New York City has more Fortune 500 headquarters.
Houston is the economic center of Houston-The Woodlands-Sugarland, which is the 5th largest metropolitan area in the United States with over 6 million people. 2012 was the first time Philadelphia was knocked out of the top 5, thanks to Houston's rapid growth.
Property Video tour Link. https://vimeo.com/1179298516/d9ed11608c
https://vimeo.com/1179298516/d9ed11608c

Property Facts

Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 3.75 AC
Building Size 74,491 SF
No. Rooms 114
No. Stories 4
Year Built 2006
Tenancy Single
Parking Ratio 1.83/1,000 SF
Corridor Interior
Zoning Commercial

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • Shuttle Service
  • High Speed Internet Access
  • Patio
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen
  • Multi-Room Suites

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 114 $203.19 CAD 535
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
1205910010046
Land Assessment
$1,871,700 CAD
Improvements Assessment
$8,599,752 CAD
Total Assessment
$10,471,452 CAD
  • Listing ID: 39996877

  • Date on Market: 2026-04-01

  • Last Updated:

  • Address: 10750 Gessner Rd, Houston, TX 77064

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