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Hotel-Motel

Palace Inn Channelview

16007 E Freeway Service Rd, Channelview, TX 77530

Listing Price: Request For Offer

Number of Rooms
40
RevPAR
$27
Year Built
1998

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors Palace Inn Channelview (‘Hotel’ or ‘Property’) located in Channelview, Texas.

The Palace Inn-branded Hotel is offered on a “call for offers” basis. Please reach out to the listing agent for more information.

The Palace Inn Channelview is a 40-room, two-story Hotel stationed at 16007 E Freeway Service Road in Channelview, Texas, just off Interstate 10 which averages nearly 130,000 vehicles per day. Various common area amenities at the Property include a breakfast area, fitness center, guest laundry facility, and business center.

Channelview offers an eclectic mix of history, nature, and leisure, providing visitors with diverse experiences to explore. The San Jacinto Battleground stands as a historic site where Texas's quest for independence unfolded, inviting visitors to delve into its rich past. Sheldon Lake State Park presents serene trails through forests, wetlands, and peaceful ponds, while the Baytown Nature Center, spread over 500 acres, captivates birdwatchers and nature enthusiasts. The Channelview Historical Society Museum narrates the town's stories, while boat tours along the Houston Ship Channel offer insights into its industrial prowess. Visitors can unwind by fishing at San Jacinto Park or enjoying a picnic at Independence Park, featuring a playground and fishing pier. The Channelview Towne Center beckons with shopping options, and cultural pursuits await at the San Jacinto College Performing Arts Center. A day concludes perfectly with savoring local craft brews at the 1876 Brewing Company, marking the end of a rewarding Channelview experience.

In the trailing twelve-month period ending in December 2022, the limited-service Hotel recorded room revenues of over $396,000 and a net operating income just over $165,000, or 40.1 percent as a percentage of total revenues, after a 4 percent capital replacement reserve As of November, twelve-month average RevPAR in the Houston East/Baytown hotel submarket was climbing at an annual rate of 6.1 percent. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR through better revenue management, not only benefiting from increased market share but also higher NOI flow-through.

Investment Highlights

  • Two-Story, 40-Room, Palace Inn-Branded Hotel
  • Located 17.6 Miles East of Houston and 24.7 Miles from George Bush Intercontinental Airport
  • Situated by San Jacinto Battleground State Historic Site and Bear Lake
  • 2022 Room Revenues Exceeded $396,000 while Maintaining a NOI Over $165,000
  • Twelve-Month RevPAR for Houston East/Baytown Area Hotel Submarket Up 6.1 Percent
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt

Exclusively Listed By

Financing By

Hotel-Motel

Palace Inn Channelview

Listing Price: Request For Offer

Number of Rooms
40
RevPAR
$27
Year Built
1998

Investment Highlights

  • Two-Story, 40-Room, Palace Inn-Branded Hotel
  • Located 17.6 Miles East of Houston and 24.7 Miles from George Bush Intercontinental Airport
  • Situated by San Jacinto Battleground State Historic Site and Bear Lake
  • 2022 Room Revenues Exceeded $396,000 while Maintaining a NOI Over $165,000
  • Twelve-Month RevPAR for Houston East/Baytown Area Hotel Submarket Up 6.1 Percent
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors Palace Inn Channelview (‘Hotel’ or ‘Property’) located in Channelview, Texas. The Palace Inn-branded Hotel is offered on a “call for offers” basis. Please reach out to the listing agent for more information. The Palace Inn Channelview is a 40-room, two-story Hotel stationed at 16007 E Freeway Service Road in Channelview, Texas, just off Interstate 10 which averages nearly 130,000 vehicles per day. Various common area amenities at the Property include a breakfast area, fitness center, guest laundry facility, and business center. Channelview offers an eclectic mix of history, nature, and leisure, providing visitors with diverse experiences to explore. The San Jacinto Battleground stands as a historic site where Texas's quest for independence unfolded, inviting visitors to delve into its rich past. Sheldon Lake State Park presents serene trails through forests, wetlands, and peaceful ponds, while the Baytown Nature Center, spread over 500 acres, captivates birdwatchers and nature enthusiasts. The Channelview Historical Society Museum narrates the town's stories, while boat tours along the Houston Ship Channel offer insights into its industrial prowess. Visitors can unwind by fishing at San Jacinto Park or enjoying a picnic at Independence Park, featuring a playground and fishing pier. The Channelview Towne Center beckons with shopping options, and cultural pursuits await at the San Jacinto College Performing Arts Center. A day concludes perfectly with savoring local craft brews at the 1876 Brewing Company, marking the end of a rewarding Channelview experience. In the trailing twelve-month period ending in December 2022, the limited-service Hotel recorded room revenues of over $396,000 and a net operating income just over $165,000, or 40.1 percent as a percentage of total revenues, after a 4 percent capital replacement reserve As of November, twelve-month average RevPAR in the Houston East/Baytown hotel submarket was climbing at an annual rate of 6.1 percent. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR through better revenue management, not only benefiting from increased market share but also higher NOI flow-through.

Exclusively Listed By

Financing By

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