For Auction
Asset Snapshot
Offering Summary
JLL, in conjunction with RI Marketplace, is pleased to offer for sale the fee-simple interest in the 292-room Hilton Houston Galleria Area (the “Hotel” or “Property”). The full-service, 13-story Property was built in 1978, renovated in 2017, and rests on a 5.267-acre site for which the city of Houston does not have a zoning ordinance, allowing for most commercial uses. The Hotel, at 192,181 NRSF, features a restaurant and lounge, 12,112 square feet of meeting space, outdoor swimming pool, exercise room, sundry shop, guest laundry, and a business center. The current room-mix at the Property consists of 126 King, 141 Double Queens, 24 junior suites, and one Presidential suite.
The Hotel is well-located within the Houston Galleria market and sits adjacent to the I-69 / Southwest Freeway which accommodates roughly 371,000 VPD. Houston’s Uptown / Galleria area features one of the country’s largest business districts, containing significant office and retail properties nearby the subject site, as well as numerous restaurants and residential developments.
Property tours are available by request. Please contact the JLL Team to schedule your tour.
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Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
