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Holiday Inn Express & Suites Cleveland 600 US Highway 59 S 68 Room Hotel Cleveland, TX 77327 $9,701,644 CAD ($142,671 CAD/Room)

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INVESTMENT HIGHLIGHTS

Ideal opportunity for a new investor to benefit from a recently renovated Holiday Inn Express & Suites in a growing market within a major Texas MSA.
Third-party managed, opportunity for an experienced owner/operator to reduce expenses and improve cash-flows.
BNSF Railway is developing the Logistics Center North Houston at Cleveland, a 1,200-acre industrial and business park in Cleveland, Texas.

Over $2.1 million spent to renovate multiple areas of the property with the brand’s Formula Blue 2.0 design scheme.
Property achieved $2,000,000 in revenues last year, a year-over-year increase of 27.3%.
The property benefits from excellent visibility along the Interstate 69 frontage road, near the State Highway 105 interchange.

EXECUTIVE SUMMARY

For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): LINK HERE
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 84-key Comfort Suites Austin Airport, a recently renovated, limited-service hotel in the highly sought-after Austin market. A more hands-on owner/operator will have the opportunity to acquire a recently renovated hotel asset within the high barriers-to-entry market of Austin, with upside to restructure the hotel’s operations by reducing expenses and improving net operating income (NOI) flow-through.
PRICE REDUCTION: $8,500,000
Ownership is motivated to sell the property and has agreed to reduce the price to $8,500,000, or $101,190 per key. Please contact James Rebullida for more details.

PROPERTY FACTS

Price	$9,701,644 CAD	Building Size	43,267 SF
Price Per Room	$142,671 CAD	No. Rooms	68
Sale Type	Investment	No. Stories	3
Property Type	Hospitality	Year Built/Renovated	2011/2024
Property Subtype	Hotel	Parking Ratio	1.43/1,000 SF
Building Class	B	Corridor	Interior
Lot Size	2.23 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C-2

Price	$9,701,644 CAD
Price Per Room	$142,671 CAD
Sale Type	Investment
Property Type	Hospitality
Property Subtype	Hotel
Building Class	B
Lot Size	2.23 AC
Building Size	43,267 SF
No. Rooms	68
No. Stories	3
Year Built/Renovated	2011/2024
Parking Ratio	1.43/1,000 SF
Corridor	Interior
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C-2