Hospitality Business for Sale in Channelview, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Channelview, TX 77530
  • Year built: 2018

Description

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors Motel 6 Channelview (‘Hotel’ or ‘Property’) located in Channelview, Texas. The G6 Hospitality-branded hotel is offered at $3,800,000 or $59,375 per key. The Motel 6 Channelview is a 64-room, two-story hotel located at 209 Cedar Lane in Channelview, Texas, visible and accessible just off Interstate 10, which averages nearly 130,000 vehicles per day. Built in 2018, the property maintains common area amenities including an outdoor gazebo with barbecue grills, vending machines, and a modern owners living quarters. Currently, ten rooms serve as storage rooms. No further PIP is required at the close of this transaction. Strategically positioned 25 miles from both George Bush Intercontinental Airport and 19 miles from William P. Hobby Airport, Motel 6 Channelview offers exceptional connectivity for travelers. George Bush Intercontinental Airport, a major hub serving over 45 million passengers annually, provides extensive domestic and international flight options. William P. Hobby Airport, primarily serving domestic flights and a key hub for Southwest Airlines, handles over 14 million passengers yearly, offering a convenient alternative for U.S. travel. Channelview, located in Harris County just 15 miles east of Houston along the Houston Ship Channel, benefits from its prime location within the Greater Houston metropolitan area. The city's economy is bolstered by a strong industrial and petrochemical presence, anchored by major employers such as ExxonMobil Chemical Baytown Technology & Engineering Complex (8.3 miles) with approximately 7,000 employees and LyondellBasell (3.5 miles) employing around 2,000 people. Houston Methodist Baytown Hospital, situated 9.3 miles away, employs approximately 1,500 individuals and operates 269 beds, adding to the area's appeal. In addition to its industrial strengths, Channelview offers a rich blend

Market Context

This hospitality in Channelview, TX is listed for sale. It is offered at an approximate 10.2% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 2018. It has been on the market for 67 days. Compare it against other hospitality listings for sale in Channelview, TX — <a href="/search/sale/hospitality/texas/channelview">view the full market</a>.

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