2 Waterway Square Pl, The Woodlands, TX 77380 – Hotel/Motel, High-rise (4+ stories)

ServiceYear Built 2014Total Assessed Value $86,000,000County Montgomery

Property Details

The Service property 2 Waterway Square Pl, The Woodlands, TX 77380 is located in Montgomery County. The specific property type is Hotel/Motel, High-rise (4+ stories). The total assessed value of this property is $86,000,000.

The gross building area is 228,693 square feet and the land area is 46,478 square feet for this Hotel/Motel, High-rise (4+ stories) built in 2014.

Legal description: S975900 - Wdlnds Waterway Square, Block 2, Res B-2, Res E-2, Acres 1.067

$86,000,000

Market Value

8.25%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

Property Image of 2 Waterway Square Pl, The Woodlands, TX 77380, Service

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Property Information

Property TypeService

Sub Property TypeHotel/Motel, High-rise (4+ stories)

Building Area228,693

Land Size46,478

Land Value$2,091,510

Improved Value$83,908,490

Total Assessed Value$86,000,000

Year Built2014

County NameMontgomery

Account NumberR447775

Cap Rate8.25%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

HeatingForced air unit

Pool3000

Type ConstructionOther

No of Stories3

Total Rooms302

Number of Units302

Elevator

Exterior WallsCombination

Sales History

9/16/2021

Arms-length$52,284,080

Buyer

Bl W Owner Llc

Seller

Waterway Hotel Holdings Llc

Book Number

2021.129088

Recording Date

9/16/2021

Transaction Details

Bl W Owner Llc acquired the property from Waterway Hotel Holdings Llc through a Arms-length transaction on 9/16/2021 for $52,284,080.

7/22/2014

Arms-lengthNot Disclosed

Buyer

Waterway Hotel Holdings Llc

Seller

Woodlands Land Dev Lp

Book Number

2014070511

Recording Date

7/22/2014

Transaction Details

Waterway Hotel Holdings Llc acquired the property from Woodlands Land Dev Lp through a Arms-length transaction on 7/22/2014 for .

Property constructed in 2014

YSale Price (USD) byXSales Year

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Mortgage History

9/16/2021

New construction residential transactions$183,330,550

Borrower

Bl W Owner Llc

Lender

Kref Capital Llc

Book Number

Recording Date

9/16/2021

Transaction Details

Bl W Owner Llc borrowed the property from Kref Capital Llc through a New construction residential transactions transaction on 9/16/2021 for $183,330,550.

9/21/2018

Sale$750,000,000

Borrower

Lender

Book Number

Recording Date

9/21/2018

Transaction Details

borrowed the property from through a transaction on 9/21/2018 for $750,000,000.

9/18/2018

Helocs both purchase money and non purchase money helocs$750,000,000

Borrower

Waterway Hotel Holdings Llc

Lender

Wells Fargo Bank Na

Book Number

2018.92506

Recording Date

9/18/2018

Transaction Details

Waterway Hotel Holdings Llc borrowed the property from Wells Fargo Bank Na through a Helocs both purchase money and non purchase money helocs transaction on 9/18/2018 for $750,000,000.

Property constructed in 2014

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$2,091,510	$82,331,517	$84,423,027	$84,423,027	Acf Ii Woodlands Wh ...	C/o Ascendant Capita...	S975900 - Wdlnds Wat...	8133.C	S975900	46,478	228,693
2025	$2,091,510	$83,908,490	$86,000,000	$86,000,000	Bl W Owner Llc	11777 San Vicente Bl...	S975900 - Wdlnds Wat...	8133.C	S975900	46,478	228,693
2024	$2,091,510	$47,908,490	$50,000,000	$50,000,000	Bl W Owner Llc	11777 San Vicente Bl...	S975900 - Wdlnds Wat...	8133.C	S975900	46,478	228,693
2023	$2,091,510	$54,910,160	$57,001,670	$57,001,670	Bl W Owner Llc	11777 San Vicente Bl...	S975900 - Wdlnds Wat...	8133.C	-	46,478	228,693
2022	$2,091,510	$53,911,160	$56,002,670	$56,002,670	Bl W Owner Llc	11777 San Vicente Bl...	S975900 - Wdlnds Wat...	8133.C	WDLNDS WATERWAY SQUA...	46,478	228,693
2021	$1,859,120	$40,005,720	$41,864,840	$41,864,840	Waterway Hotel Holdi...	C/o Property Tax Res...	S975900 - Wdlnds Wat...	8133.C	-	46,478	228,693
2020	$1,859,120	$40,340,880	$42,200,000	$42,200,000	Waterway Hotel Holdi...	C/o Property Tax Res...	S975900 - Wdlnds Wat...	8133.C	-	46,478	228,693
2019	$1,859,120	$40,340,880	$42,200,000	$42,200,000	Waterway Hotel Holdi...	% Cushman & Wakefiel...	S975900 - Wdlnds Wat...	8133.C	-	46,478	228,693
2018	$1,859,120	$39,573,270	$41,432,390	$41,432,390	Waterway Hotel Holdi...	% Cushman & Wakefiel...	S975900 - Wdlnds Wat...	8133.C	WDLNDS WATERWAY SQUA...	46,478	228,693
2017	$1,394,340	$36,647,260	$38,041,600	$38,041,600	Waterway Hotel Holdi...	% Cushman & Wakefiel...	S975900 - Wdlnds Wat...	8133.C	WDLNDS WATERWAY SQUA...	46,478	228,693

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Rent & Occupancy

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
2 Waterway Square Pl, The Woodlands, TX 77380	R447775	Service	Hotel/Motel, High-rise (4+ stories)	Bl W Owner Llc	Montgomery	-	$ 52,284,080	2021-09-16	$ 228.62	2014	228,693	302
28099 N Interstate 45, The Woodlands, TX 77380	R189631	Service	Hotel/Motel, High-rise (4+ stories)	Heritage Inn Houston Llc	Montgomery	0.9	$ 7,562,047	2024-12-13	$ 86.82	1995	87,102	150
10750 Gessner Rd Ste114, Houston, TX 77064	1205910010046	Service	Hotel/Motel, High-rise (4+ stories)	Teri Mehaar Llc	Harris	16.6	$ 2,009,962	2024-12-23	$ 26.98	2005	74,491	114
5415 Westheimer 152, Houston, TX 77056	1305270010003	Service	Hotel/Motel, High-rise (4+ stories)	Nytx Hospitality Llc	Harris	29.3	$ 23,500,000	2024-07-02	$ 286.32	2008	82,077	152
16011 Katy Fwy 206, Houston, TX 77094	1307010010001	Service	Hotel/Motel, High-rise (4+ stories)	Apple Nine Hospitality Ownership Inc	Harris	29.0	$ 17,024,000	2025-08-18	$ 114.89	2008	148,173	206
3440 Sage Rd 147, Houston, TX 77056	0450290000085	Service	Hotel/Motel, High-rise (4+ stories)	Metro Houston Galleria Llc	Harris	29.9	$ 13,466,250	2024-10-15	$ 100.14	1999	134,468	147
2712 Sw Fwy 355, Houston, TX 77098	0760370000001	Service	Hotel/Motel, High-rise (4+ stories)	Comm 2014ccre17 Crowne Plaza Hou Llc,comm 2014ccre17 Crowne Plaza Hou	Harris	29.9	$ 24,195,000	2025-02-04	$ 97.32	1984	248,610	355
425 N Sam Houston Pky E 334, Houston, TX 77060	1144680020001	Service	Hotel/Motel, High-rise (4+ stories)	Imperial Hotels Llc	Harris	15.7	$ 14,250,000	2024-09-12	$ 58.43	1981	243,899	334
1080 Uptown Park Blvd 122, Houston, TX 77056	1175780020003	Service	Hotel/Motel, High-rise (4+ stories)	Uptown Hotel Owner Llc,j A C Interest Ltd,lloydcummins Ellen	Harris	28.0	$ 40,698,000	2023-12-19	$ 276.47	2005	147,206	122
11160 Sw Fwy 207, Houston, TX 77031	1116550000006	Service	Hotel/Motel, High-rise (4+ stories)	Texas Prime Houston Hotel Llc	Harris	35.4	$ 3,800,000	2024-12-03	$ 34.04	1980	111,629	207
1715 Old Spanish Trl 120, Houston, TX 77054	0440920010058	Service	Hotel/Motel, High-rise (4+ stories)	Chatham Houston Has Ii Llc Co Michelle Marlowe	Harris	32.4	$ 13,026,685	2025-03-17	$ 187.76	1997	69,381	120

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	2 Waterway Square Pl, The Woodlands, TX 77380	—	-	46,478	2014	228,693	$ 86,000,000	$ 2,091,510	-
Lone Star Bank	8155 N Sam Houston Pky W, Houston, TX 77064	07/16/2025	$ 5,075,000	61,864	2015	50,379	$ 3,163,752	$ 927,960	Houston International Hospital
Simmons Bank	20303 Chasewood Park Dr, Houston, TX 77070	07/01/2025	$ 8,450,000	328,007	2014	90,940	$ 9,547,071	$ 2,164,160	Howdy Hotels Lp
Centennial Bank	425 N Sam Houston Pky E, Houston, TX 77060	06/18/2025	$ 1,400,000	261,303	1981	243,899	$ 22,376,577	$ 2,090,424	Bayou Hotel Group Inc
Sage Capital Bank	10456 Huffmeister Rd, Houston, TX 77065	06/04/2025	$ 7,422,156	117,220	2014	78,814	$ 8,937,360	$ 1,022,200	Clarus Hotels Inc
Frost Bank	23535 Northgate Crossing Blvd, Spring, TX 77373	05/09/2025	$ 13,115,000	126,084	2015	91,128	$ 15,460,617	$ 1,513,008	Sca Northgate Two Lp
Frost Bank	28340 Northgate Crossing, Spring, TX 77373	05/09/2025	$ 10,120,000	117,555	2015	77,056	$ 12,158,381	$ 1,410,660	Sca Northgate One Lp
Independent Bank	11040 Louetta Rd, Houston, TX 77070	04/23/2025	$ 4,225,000	87,033	1999	76,459	$ 6,316,010	$ 696,264	11040 Louetta Llc
Global One Bank	17525 St Lukes Way, The Woodlands, TX 77384	04/22/2025	$ 825,000	87,686	2009	51,447	$ 6,651,209	$ 1,315,294	Woodlands Hotels Cw Llc
Sabine State Bank & Trust Co	16939 Sh 249 104, Houston, TX 77064	03/31/2025	$ 3,800,000	111,470	1998	45,564	$ 4,929,846	$ 1,114,700	Sai Ram Willowbrook Llc
Pgim Vip Mortgage Account Lp	2323 Lake Robbins Dr, The Woodlands, TX 77380	02/27/2025	$ 46,500,000	115,956	2009	241,714	$ 61,860,242	-

Mean$ 55,648,209

Median$ 6,025,387.5

Loan Amount Range$ 199,000 - $ 631,500,000

Showing 1 to 10 of 26 entries

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
2 WATERWAY SQUARE PL, SPRING, TX 77380-2660	CURRENT BAR	8328395437	BARS
2 WATERWAY SQUARE PL, SPRING, TX 77380-2660	SIDE BAR	8328395435	BARS
2 WATERWAY SQUARE PL, SPRING, TX 77380-2660	CURRENT THE WOODLANDS	8328395436	RESTAURANTS
2 WATERWAY SQUARE PL, SPRING, TX 77380-2660	STARBUCKS	8328395438	COFFEE SHOPS
2 WATERWAY SQUARE PL, SPRING, TX 77380-2660	WESTIN AT THE WOODLANDS	2814194300	HOTELS & MOTELS

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Tenant Industry Distribution

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License Details

License Number

32052395228

Permit Holders

Issued By

Franchise Tax Permit Holders

State Authority

Issue Date

11/6/2013

Original Issuance

Expire Date

-

Owner Details

Category	Field	Value
Owner / Tax Payer	Owner Name	WATERWAY HOTEL HOLDINGS, LLC
	Address Line	2 waterway square pl
	City / State / Zip	the woodlands TX 77380
Entity Information	Entity Type	-
Entity Information	Business Type	-
Zoning Information	Zoning	-
Government Codes	FIPS Code	48339
Government Codes	Census Tract	-
Postal Information	ZIP Status Code	77380
Registration Details	SOS Code	A

License Timeline

License Issued

11/6/2013

Currently Active

Status: -

Renewal Required

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