17550 Northwest FwyJersey Village, TX 77065

This 54-key hotel, built in 1998, is situated on a 1.52-acre lot in Houston's Jersey Village (77065 zip code), at 17550 Northwest Fwy. The three-story, 29,156 square foot property presents a compelling investment opportunity. Currently operating, the hotel offers a new owner the chance to rebrand or continue with the existing franchise. A complete property improvement plan (PIP) is required, and the property is sold "as is, where is." The strong Houston market, with nearly 7 million residents and significant projected growth, makes this a particularly attractive investment. The property's land value is substantial, with a price per square foot of $66,081. The asking price for this established hotel is $4,300,000. The Houston-The Woodlands-Sugar Land metro area boasts a robust economy, ranking among the largest in the United States. This presents a unique chance to capitalize on a thriving market and a well-located hotel property. The buyer is responsible for completing the necessary PIP to enhance the property's operational efficiency and profitability. This is a turnkey opportunity for an investor seeking a foothold in a dynamic and expanding market.