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    1000 Texas St Houston, TX 77002

    Sponsored
    For Sale
    Contact for pricing

    Sub-performing hotel note; 100 keys; Texas.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This offering presents a compelling value-add opportunity in the vibrant Houston, Texas market. The asset is a sub-performing note secured by a branded hotel located at 1000 Texas St, Houston, Harris County, TX 77002. The hotel features approximately 100 keys and is classified as a hospitality investment with a value-add potential. The property's location within Houston offers significant upside for a savvy investor seeking to reposition and enhance the hotel's operational performance. This is a note/loan sale, not a direct sale of the hotel property itself. The investment type is categorized as value-add, indicating potential for significant returns through strategic improvements and operational enhancements. Further due diligence is recommended to fully assess the financial performance and potential of this unique investment opportunity. The property is situated in a prime location within Houston, offering easy access to major transportation routes and local amenities. This note sale presents a chance to acquire a significant hospitality asset in a dynamic market with the potential for substantial returns. The specific details of the note, including the outstanding balance and terms, are available upon request. Interested parties should conduct their own independent due diligence to verify all aspects of this investment opportunity.

    Property Features for 1000 Texas St

    General Information

    Property type
    Hotels

    HighLights

    • 100‑key hotel property in Houston, Texas.
    • Value‑add investment opportunity.
    • Located at 1000 Texas St, Houston, TX 77002.
    • Hospitality/Note/Loan offering.
    • Sub‑performing hotel note for sale.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.3624704
    Latitude
    29.759921

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    FAQs

    What type of property is this?
    Hotel - Sub-performing hotel note; 100 keys; Texas.
    Where is this hotel located?
    The property is located at 1000 Texas St Houston, TX.
    What are key features of this property?
    This property features: 100-key hotel property in Houston, Texas.; Value-add investment opportunity.; Located at 1000 Texas St, Houston, TX 77002.
    Request Owner's contact information
    1000 Texas St Houston, TX 77002
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    Houston, TX 77002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1000 Texas St Houston, TX 77002
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