Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Best Western Texas City (‘Hotel’ or ‘Property’) located in Texas City, Texas. The Best Western International-affiliated Hotel is being offered at $4,800,000 or $71,642 per key. The Best Western Texas is a 67-room, three-story Hotel stationed at 320 Highway 146N in Texas City, Texas, just off Interstate 146N. Various common area amenities at the Property include an outdoor pool, fitness center, business center, and meeting event space. Texas City is a city located in Galveston County and is approximately 40 miles southeast of Houston. Situated on the southwest shoreline of Galveston Bay, Texas City has a rich industrial history, is a significant player in the petrochemical industry, and offers a range of recreational opportunities along the Gulf Coast. Historically, Texas City's economy has been heavily reliant on the petrochemical industry, with oil refining, chemical manufacturing, and shipping playing major roles. The Galveston Bay Refinery is a significant employer and serves as a catalyst for economic activity and business travel demand in the region. Despite its industrial character, Texas City offers recreational opportunities such as fishing, boating, and birdwatching along its waterfront. The Texas City Dike, a man-made levee, is a popular spot for fishing and enjoying views of Galveston Bay. Just moments away from the Property, the Charles T. Doyle Convention Center stands as a beacon for business and innovation, drawing professionals from far and wide to its state-of-the-art facilities. For those seeking a retreat into nature's embrace within five miles from the Property, Bay Street Park – which includes Anchor Park and Rainbow Park offer guests access to leisurely strolls or picnics beneath the Texas sky. Meanwhile, history comes to life at the Texas City Museum, where exhibits unravel the rich tapestry of the city's past. Adventurers and nature enthusiasts alike will find solace in the pristine beauty of the Texas City Prairie Preserve, where vast expanses of untouched wilderness await exploration. And for those craving excitement and entertainment, Lagoonfest Texas offers an aquatic playground, while Tanger Outlets Houston beckons with irresistible shopping experiences for guests to enjoy during their stay.