The Interstate Motor Lodge is located in a high barrier to entry location in proper Houston TX. The Hotel is located on Interstate 10, 13 miles East of Downtown Houston TX.
The Hotel is being sold along with five houses and one duplex which are located directly East of the Hotel. The houses have been recently renovated. Five out of the six houses have replaced the roofs within last four years. The duplex and four of the five houses are currently leased out. (Ask Broker for details).
The Hotel is priced below replacement cost at $52,667 per room.
The Hotel has the option to convert to Studio 6.
The Hotel and houses are located on 7.29 acres of contiguous land.
The representations contained on this Internet page are provided based on information deemed reliable. However, the same has not been independently verified. Principals are advised to conduct a thorough due diligence for any potential transaction. CBRE Group Inc. name and logo are used herein for information purposes only.
Michael Yu and Yu Hospitality Real Estate Advisors, Inc. are licensed real estate brokers in the state of Texas. Rahul Bijlani, Eric Guerrero, Tyler Bean, Andrew Frosch, Dennis Drake, Agrama Mannapperuma and Pravin Boteju are licensed salespersons in the state of Texas and affiliated with and sponsored by CBRE Group Inc.