Hospitality Business for Sale in Texas City, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Texas City, TX 77591
  • Year built: 2007

Description

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Holiday Inn Express & Suites Texas City (‘Hotel’ or ‘Property’) located at 2440 Gulf Freeway in Texas City, Texas. This IHG-branded Hotel is offered at $6,250,000 or $86,806 per key. This four-story, limited-service hotel was constructed in 2006 on a 1.33-acre parcel, offering 72 guest rooms across 48,292 square feet of gross building area. Positioned along the Gulf Freeway (Interstate 45), the Holiday Inn Express & Suites providing investors a compelling opportunity to acquire a strong-performing hospitality asset in a high-demand market corridor connecting Houston and Galveston. The Hotel features a mix of guest rooms and suites, modern common areas, and a full complement of amenities including complimentary hot breakfast, outdoor pool, fitness center, business center, and meeting accommodations. The hotel underwent a full renovation in 2019–2020, bringing the property into full compliance with current IHG brand standards and ensuring minimal future Property Improvement Plan (PIP) requirements for a new owner. Major upgrades included the replacement of 60 PTAC units, all upper-floor HVAC systems, and complete stucco and plywood replacement on the east and west elevations. Additional enhancements comprised new commercial laundry equipment, 50 televisions, 45 toilet pressure tanks, 20 king mattresses, 50 microwaves, 45 refrigerators, and upgraded LED lighting throughout the parking lot. The property also received new flagpoles, attic ventilation fans, a pool compressor, elevator room A/C, and a modernized fire panel with new sprinkler heads. Within the next six months, ownership plans to complete the elevator door system replacement project, further improving operational reliability and guest experience. Texas City is a thriving industrial and commercial hub located along the Texas Gulf Coast, supported by a robust mix of

Market Context

This hospitality in Texas City, TX is listed for sale. The building dates to 2007. It has been on the market for 68 days. Compare it against other hospitality listings for sale in Texas City, TX — <a href="/search/sale/hospitality/texas/texas-city">view the full market</a>.

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