Tag: chevron

HOTEL / MOTEL, Investment Properties, New Construction, Shopping Centers

(Houston, TX) – Baytown Hotel 30 Rooms For Sale Cheap $675K – Plans, Permits + Land!

site plan baytown 1 acre
30-70 room exterior corridor, proposed on 1-2 acre development.
Address: 7851 N 146, Baytown, TX 77521 (Houston Suburb / 20 Min from Downtown)
  • List Price: $675,000 (1 Acre with 30 Room Permits/Plans)
    • Total Projected Turnkey cost of $2.5M – Includes FFE, Land, + Construction
      • Total Building Construction is 17,279 sqft
  • 1 Acre has been sold next door 08/28/2018 — **** SOLD  ****
  • Includes:
    • 1 Acre of Unrestricted Commercial Land
    • APPROVED Plans from the City of Baytown & County
      • Note: The county will NOT give any more permits for hotels, this is the last permit available in the entire county.
    • Permits
    • Architecture including;
      • Mechanical
      • Plumbing
      • Electrical
      • Interior / Exterior
      • Plans are designed with a manager’s quarters thus hedging labor costs via management on site.
    • Independent Hotel (non-flag)

Financial Forecast:

  • Option #1 – Forecast – 30 Room
    • Proforma Revenue @ $75 Average Daily rate = $810,000
    • Stabilized revenue @ 65% occupany @ $75 ADR = $525,000

Financial Note:

30 Year Old Hotel is currently being sold for $70,000 per room in Baytown, just 1 Mile vicinity

Super Location in front of Super Walmart & Freeway

  • I-10 Viewability (100,000+ Cars Per Day)
  • TX 146 Frontage and viewability
  • Located in front of 24 Hour Super Walmart (4500+ average customers per day)
  • Located in front of 500+ Sub Division

aerial baytown

$1.2B+ in Baytown Corporate Expansion in 2018

Nearly 500+ Million is being spent on Plant Expansions.  Exxon and Chevron have started their plant expansions in Baytown in 2018.  Multiple plants are expanding to keep up with the world wide demand for plastics.

baytown

Facts about Hotel Industry in Baytown

  • Demand is high to reach a consistent occupancy of 65%
  • ADR (Average Daily Rate) of $75
  • Solid location off of 1-10 and 146, with new rooftops by Lynnwood homes, and new retail construction.
    • 60,000+ cars per day
  • Land price via comparable is coming in at 15.00 a sq/ft

Management Available For Maximum Return on Investment

  • Establishing new relationships at 2% of GRR
    • Normal percentage is 4-5%, however we are looking to expand our growth market and offering 2% to earn your business.
  • 25+ years of experience of hotel management
    • 500+ Hotels including the following flags;
      • Intercontinental Hotels
      • La Quinta
      • Choice Hotels
      • Wyndham Hotels
      • Marriott
      • Hilton
      • Various Independent
  • Revenue Management
  • Sales/Marketing Audit
  • Asset Assessment
  • Hotel Strategic Planning
  • Award winning team