This Hotel & Motel Property is Off-Market.

205 N. Spur 63 Hwy 80
Longview, TX 75601 ·

75 Rooms · Hotel & Motel For Sale

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Homewood Suites Longview

Price N/A Property Use Type Investment
No. Rooms 75 Cap Rate 10.50%
Building Size 40,000 SF No. Stories 3
Property Type Hotel & Motel Year Built 2000
Property Sub-type Economy/Limited Service Lot Size 2.42 AC
Listing ID: 13804114 Date Created: 11/06/2003 Last Updated: 10/18/2004

Description

75 room Homewood Suites with a unique interior corridor featuring fully equipped kitchens with jacuzzi and master suites with fireplaces. Executive center with personal computer. Variety of restaurants and shopping nearby. Room generators near by.

The property is located near shopping centers, restaurants and the convention center. A recipient of the Longview Beautifucation annual award. The guest can expect peace and can socialize in spacious, well-appointed residential-style suites

Highlights

  • Priced at 3.35 times X rooms
  • Room generators close by
  • Revenue & ADR up for 2003
  • Complimentary breakfast and Mgrs. reception
  • 10.50 cap rate after mgt. fee % reserve.
  • Performing above the competitive set

Research

205 N. Spur 63 Hwy 80, Longview, TX 75601 (Gregg County)

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