This Hotel & Motel property is Off-Market. Search below to find active commercial real estate for sale or lease.
Browse More Listings in Hotel & Motel For Sale, Beaumont, TX or Texas
Howard Johnson Express - Beaumont
2615 IH-10, Beaumont, TX 77702
View from IH10 feeder.
N/A
42
20,794 SF
Hotel & Motel
Economy/ Limited Service
Investment
74%
2
2003
-
Last Verified 1/9/2011
Listing ID 16105791
Highlights
Outstanding construction and upgraded furniture, exceeding HoJo requirements.- Currently payroll covers a full operating staff.
- Listing broker and is a minority partner.
- $56.43 REVPAR (2008)
- $58,333/Room
- ROOMS AND EQUIPMENT IS IN 100% WORKING CONDITION
Description
Excellent Opportunity for Cash Flow. The hotel is easy to manage and operate. The Howard Jonson Beaumont can deliver consistent cash flow despite national economy due to Beaumont's strong heavy industry. Strong business from local corporations, extended-stay customers, and strong demand as HoJo in this city; population over 111,ooo. Hotel also includes spacious 3 bedroom, 2 bathroom Manager's apartment w/ beautiful granite counter tops.
SELLER WILL DO LEASE-PURCHASE-OPTION WITH $450,000 CONSIDERATION. PROPERTY IS IN GOOD STANDING WITH WYNDHAM FRANCHISE.
Within a 40 mile radius, there are four huge oil refineries and dozens of petrochemical plants, as well as everything that completes a vibrant city.
Hotel's competitive amenities include: 24hr Business Center, Free High Speed Internet, Free Breakfast Bar, Gym/Fitness Center, an Outdoor Pool, and Heated Spa.
Property is in 100% Working Condition.
Building is excellent quality of construction, built in 2003, as a Howard Johson.
Excellent Location, on Interstate 10, in heart of Beaumont Business District (IH-10 and 11th St, Exit 853B).
Map of 2615 IH-10, Beaumont, TX 77702 (Jefferson County)
Created 2/16/2009
The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO