Property profile

1000 Texas St Houston, TX 77002

OFF-MARKET
Hospitality properties
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Property summary

AI-generated overview

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 profile

Verified
Property type Hospitality properties

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1000 Texas St Houston, TX 77002
Houston metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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