Current Use by Public Records
- Hospitality properties
Property Details for 16939 Fwy Service Rd
- Year built
- 1992
- Lot size
- 1.72 lot acres
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This fee-simple owned, 56-key Studio 6 hotel presents a compelling investment opportunity. Located at 16939 E Freeway Service Rd, Channelview, TX 77530, this two-story, 1992-built property sits on 1.72 acres and underwent a complete renovation in 2023. The hotel benefits from its strategic location just off Interstate 10, a high-traffic corridor averaging nearly 130,000 vehicles daily, and its proximity to major airports: George Bush Intercontinental Airport (less than 30 miles) and William P. Hobby Airport (also less than 30 miles). These airports serve over 60 million passengers annually, ensuring a consistent flow of travelers. The property's location within the Greater Houston metropolitan area provides access to a robust economy driven by major employers such as ExxonMobil Chemical (7.3 miles), LyondellBasell (4.4 miles), and Houston Methodist Baytown Hospital (9.8 miles), employing thousands of individuals. The hotel itself offers amenities including an outdoor pool with a barbecue area, guest laundry facilities, and a business center. Channelview also boasts a variety of attractions, including the San Jacinto Battleground, Sheldon Lake State Park, and the Baytown Nature Center, attracting both business and leisure travelers. The asking price is $3,000,000, or $53,571.43 per key. Recent data shows a 3.1% annual increase in the 12-month average RevPAR for the Houston East/Baytown hotel submarket as of June, indicating a strong and growing market. This property offers excellent visibility, accessibility, and strong potential for return on investment.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Channelview
- County
- Harris
- State
- Texas
- Longitude
- -95.0973
- Latitude
- 29.7885
