For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the virtual deal room:

HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 53-key Palace Inn Houston I-45 & Crosstimbers, an economy-branded, exterior-corridor hotel asset in Houston, Texas, approximately ten minutes north of Downtown Houston. This offering represents an opportunity for a more hands-on owner/operator to realize the significant upside of acquiring an absentee-owned, underperforming hotel asset. The property benefits from its strategic location just off Interstate 45 at the Crosstimbers Street Exit. Interstate 45 is a densely trafficked highway that serves as a main artery through Houston, extending north to Dallas and southeast to Galveston. Demand in this area comprises mainly transient and leisure travelers passing through the area or visiting nearby family/friends. Additional demand is also generated by extended-stay guests looking to take advantage of the lower weekly/monthly rates.
The property contains the following features:
- Three apartments with two bedrooms/fully equipped kitchen
- One apartment with one bedroom/fully equipped kitchen
- Owner/Manager's apartment with one master bedroom and two other bedrooms, along with a living room that has a direct connection to the registration area and front desk.
- All guestrooms are equipped with tile flooring
- Gated parking lot