160 Wagon Pt Dr, Unit 118 Houston, TX 77090-2821
- Hotels
- 67,135 SF
- 2.68 lot acres
Current Use by Public Records
- Hilton Garden Inn Houston Cypress Station / Hotel
Property Details for 160 Wagon Pt Dr
- Year built
- 2015
- Construction
- WOOD FRAME
- Lot size
- 2.68 lot acres
- Property size
- 67,135 SF
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 1343720010001
- APU
- 1343720010001
Description
This exceptional investment opportunity presents the chance to acquire the 118-key Hilton Garden Inn Houston Cypress Station, a four-story, 66,495-square-foot hotel built in 2016 and situated on a 2.68-acre lot in Houston, Texas (zip code 77090). The property boasts a prime location near major corporate employers including Exxon, HP, and Baker Hughes, as well as leisure attractions like The Woodlands Mall and George Bush Intercontinental Airport (IAH), ensuring consistent demand. The hotel's trailing twelve-month (TTM) rooms revenue shows a 16.1% year-over-year increase to approximately $2,250,000, indicating a positive upward trend. However, the property's current RevPAR penetration index of 80.9% suggests significant operational upside for a new operator, with projections indicating potential for over $2.5 million in stabilized rooms revenue by 2026/27. A detailed change-of-ownership property improvement plan (PIP) is available. The property is offered free and clear of management encumbrances, allowing for flexible operational strategies. This represents a compelling value-add opportunity, priced well below replacement cost at $85,000 per key (estimated replacement cost: $150,000-$180,000 per key). A highly attractive seller financing package is available, featuring a 65% loan-to-value ratio, an 8% fixed interest rate, interest-only payments over a three-year term, and no personal guarantee. The sale includes a new, long-term 15-year franchise agreement with Hilton, leveraging the brand's strong reputation and the Hilton Performance Advantage system.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $1,370,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,734,000
Market price range: $881k - $1.73M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $1,315,000 Current use
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Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.4318
- Latitude
- 30.0233
- CBSA code
- 26420
- CBSA name
- HOUSTON-SUGAR LAND-BAYTOWN, TX METROPOLITAN STATISTICAL AREA
