Limited-Service Hotel with 76
For Sale
Contact for pricing
3850 Wilcrest Dr, Houston, TX 77082
Four-story, 76-room Sleep Inn & Suites branded limited-service hotel with common area laundry, exercise room, and business center.
Property SizeContact for details
Days on Market120
Property Features for 3850 Wilcrest Dr
General Information
Standard status
Active
Property subtype
Hospitality
Additional Details
Furnished
Yes
Business Included
Yes
Highway Access
Yes
Amenities
laundry facilities
exercise room
business center
breakfast area
Building Details
Year Built
2018
Stories
4
Listing Agency:
HVS
(972) 755-5302
Listed By:
Andrew Frosch · License #TX 617531
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 4:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HVS
Investment Insights
Based on property information with market context.
Sleep Inn & Suites Westchase is a Choice Hotels International-branded, limited-service hotel featuring 76 rooms across four stories, built in 2018. Common area amenities include laundry facilities, an exercise room, a business center, and a breakfast area. In-room amenities include a microwave, work desk with ergonomic chair, refrigerator, coffee machine, and flat-screen television.
The property is located in Westchase, a business district in Houston, Texas, with immediate access to nearby routes via Westpark Tollway and Interstate 69. The surrounding area includes a large concentration of businesses, including companies associated with the petroleum industry.
For recent operating performance, the property generated over $1 million in total revenue in 2019 and 2021, with NOI more than doubling over that period. NOI increased from $143,561 in 2019 to $323,438 in 2021, with NOI as a percentage of total income rising from 13.5% to 29.8%.
The property is located in Westchase, a business district in Houston, Texas, with immediate access to nearby routes via Westpark Tollway and Interstate 69. The surrounding area includes a large concentration of businesses, including companies associated with the petroleum industry.
For recent operating performance, the property generated over $1 million in total revenue in 2019 and 2021, with NOI more than doubling over that period. NOI increased from $143,561 in 2019 to $323,438 in 2021, with NOI as a percentage of total income rising from 13.5% to 29.8%.
Key Highlights
- 76‑room, four‑story Sleep Inn & Suites Westchase (Choice Hotels International‑branded) limited‑service hotel built in 2018
- Common area amenities include laundry facilities, exercise room, business center, and breakfast area
- Each guest room includes a microwave, work desk with ergonomic chair, refrigerator, coffee machine, and flat‑screen TV
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,100
Businesses Nearby
Explore this area
Business Placement
Demographics for 77082, TX
57,493
Population
24,994
Households
2.3
Avg Household Size
35
Median Age
36%
College-Educated
88%
High-School Grad
12.6 sq mi
ZIP Area
4,563
Density / Sq Mi
$60,510
Median Household Income
$35,789
Median Earnings
$1,361
Median Rent
$225,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Four-story, 76-room Sleep Inn & Suites branded limited-service hotel with common area laundry, exercise room, and business center.
Where is this hotel located?
The property is located at 3850 Wilcrest Dr Houston, TX.
What are key features of this property?
This property features: 76‑room, four‑story Sleep Inn & Suites Westchase (Choice Hotels International‑branded) limited‑service hotel built in 2018; Common area amenities include laundry facilities, exercise room, business center, and breakfast area; Each guest room includes a microwave, work desk with ergonomic chair, refrigerator, coffee machine, and flat‑screen TV
