1003 Tx-332 Clute, TX 77531
Exceptional investment opportunity: This 82-key TownePlace Suites by Marriott hotel, located at 1003 TX-332, Clute, TX 77531, presents a compelling acquisition in a thriving Texas market. Built in 2001 and renovated in 2007, this two-story, 59,261 square foot property sits on a 2.17-acre lot (C-2 zoning). The hotel boasts spacious accommodations, including fully-equipped kitchens and high-speed internet, catering to both business and leisure travelers. Its strategic location near major employers (Dow, BASF, Freeport LNG, Chevron), shopping centers (Dixie Mini Mall, Plantation Mall, Brazosport Village), St. Luke’s Hospital, and local parks ensures high occupancy. Proximity to Texas Gulf Coast Regional Airport and Joseph Ross Scherdin Airport (15-minute drive) adds further appeal. Recreational opportunities, including beaches, boating, golfing, tennis, and water skiing, abound in the surrounding area. This established hotel offers a strong return on investment in a vibrant and growing market near Houston and the Texas Gulf Coast.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.