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Motel 6
Price:
$4,200,000
[Currently Under Contract]
Address :
14833 Katy Fwy
Houston-West Katy, TX 77094
Manager’s Apartment
Highly Sought-After Asset In Houston Energy Market
Owner/Operation Can Reduce Expenses/Increase Bottom-Line
Opportunity To Re-Position Property Through Re- Branding
Multiple Franchises Available In This Houston Sub- Market
Location/Market
Physical Plant
Financials
Katy’s area growth is fueled by an abundant and talented population, which is growing at a rate of roughly 5% annually.
Katy is located about 16 miles west of Interstate 45 (I-45), the main north/south interstate in Houston
Close to Regional Demand Generators:
4.5 Miles to Wood Group PSN
7.3 Miles to BP Energy Company
9.2 Miles Shell Woodcreek Complex
9.6 Miles ConocoPhillips World Headquarters
10.0 Miles TechnipFMC
3 Buildings
3 Stories
Exterior Corridors
Frame Construction
Stucco Facade
Composition Shingle Roof
Concrete Parking Lot
Guest Laundry
Wireless Internet Available
Outdoor Pool
Built 1985
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Financials
2015
2016
2017
T-12Mos 8/18
Occupancy
77.3%
64.4%
67.2%
65.6%
Average Daily Rate
$49.38
$45.88
$45.91
$46.45
Room Revenue
$1,880,533
$1,459,280
$1,519,330
$1,502,475
Net Operating Income
$857,500
$545,179
$608,748
$359,119
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!
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