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La Quinta Inns & Suites Houston Spring South 21119 Interstate 45 93 Room Hotel Spring, TX 77388 For Sale
Investment Highlights
- Opportunity to acquire a 2019-built, four-story, interior corridor, La Quinta Inns & Suites that is located along the I-45.
- Close to many major area hotel demand generators; including City Place, The Woodlands, Old Town Spring, and the Cynthia Woods Mitchell pavilion.
- The La Quinta Inn & Suites is significantly underperforming its competitive set.
Executive Summary
CBRE Hotels is pleased to solicit offers to acquire the fee-simple interest in the La Quinta Inn & Suites Houston Spring South. Located along Interstate 45 and nestled among City Place, The Woodlands, Pinto Business Park, George Bush Intercontinental Airport, and several corporate offices, the 93-room hotel receives business from a diverse population of both corporate and leisure segments.
Property Facts
| Sale Type | Investment | Building Size | 46,500 SF |
| Property Type | Hospitality | No. Rooms | 93 |
| Property Subtype | Hotel | No. Stories | 4 |
| Building Class | B | Year Built | 2019 |
| Lot Size | 5.00 AC | Corridor | Interior |
| Zoning | C2 | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 5.00 AC |
| Building Size | 46,500 SF |
| No. Rooms | 93 |
| No. Stories | 4 |
| Year Built | 2019 |
| Corridor | Interior |
| Zoning | C2 |
Amenities
- Business Center
- Fitness Center
- Pool
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 16 | $219.02 CAD | - |
| Guest Room | 77 | $163.92 CAD | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 1374670010001 | Improvements Assessment | $1,059,669 CAD |
| Land Assessment | $2,818,277 CAD | Total Assessment | $3,877,946 CAD |
Property Taxes
Parcel Number
1374670010001
Land Assessment
$2,818,277 CAD
Improvements Assessment
$1,059,669 CAD
Total Assessment
$3,877,946 CAD
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La Quinta Inns & Suites Houston Spring South | 21119 Interstate 45
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