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Address Not Disclosed

RICHMOND , Texas

Listing Type:
For Sale
Listing Price:
$10,000,000.00
Property Type:
Hotel and Motel
Property Subtype:
Limited Service
Year Built:
2019
Listing Status:
Active
Building Size:
50213 SqFt
Land Area:
2.46 Acres

Description:

This was a new build project from the ground up with all new FF&E.
Conveniently positioned for easy access to Interstate 59, Grand Parkway 99, Sugarland fine dining and shopping, Richmond fine dining and shopping malls and retail stores.
This 83 key hotel construction,was finished the first week of January 2019 and opened the second week of January 2019.

With this investment, there will be no franchise PIP requirement to meet, for the next 5-7 years. The hotel is currently professionally managed. Management will remain if purchaser requests. Management fee is 2.5% of gross revenue. Offred at $9,545,000

Presented by:

Karl  Landreneau,  CCIM, SIOR

Director of Commercial Sales and Leasing

(225) 295-0800

(225) 252-3733

Click here to email

Listed by:

Keller Williams Realty Greater Northwest

Houston Greater NW

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