Colliers Global Investment Properties

LANDMARK HOTEL & APARTMENT DEVELOPMENTEntire Urban Block - CBD Houston, Texas

For Sale

Property Address:

Property ID: 35

Houston, Texas, United States

Description:

A prominent downtown landmark, encompassing an entire city block, the Humble Oil Building is a vibrant hotel and residential complex. Totally restored and redeveloped, with all new mechanical systems in 2003, the property is listed on the National Register of Historic Places. The Humble Oil Building includes a 191-room Courtyard by Marriott, a 171-room Residence Inn by Marriott and 82 luxury apartments. The redevelopment also includes approximately 6,700 square feet of street level commercial retail space and a 252-car garage and street level motor court. Located on the new 7.5 mile METRO Rail Main Street Line, the property is directly across Main Street from the 750,000 square foot Houston Pavilions entertainment complex, scheduled to open in October 2008. The various components of the Humble Oil Building generated more than US$15 million in revenue in 2007 and more than US$5.7 million in NOI.

Features

Specifications

For further details contact:

More Images (Click to View)

Property Map