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Browse More Listings in Hotel & Motel For Sale, Lake Jackson, TX or Texas

Hotel / Motel For Sale

Comfort Suites

296 Abner Jackson, Lake Jackson, TX 77566

Price:
Price Not Disclosed
No. Rooms:
59
Building Size:
40,000 SF
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Investment
Cap Rate:
12%
Average Daily Rate:
$110
RevPAR:
$70
Average Occupancy:
82%
No. Stories:
2
Year Built:
2000
Corridor:
Yes
Lot Size:
1.50 AC
Find Out More...

Last Verified 10/20/2009 Listing ID 16041288

Description

2008 Revenues over 1.85 Million!! Chandler Hotel Group is please to present this exclusive listing opportunity to acquire the Comfort Suites in Lake Jackson Texas. The Property is well situated with easy access to the interestate. The property was constructed in 2000 with 59 rentable rooms. The Comfort Suites is the top producing hotel in the market. Completey up to date with franchise. Owner has constructed a 5 bedroom residence along side the hotel. 2008 total revenues are over 1.9 million. We have bank financing in place for the property to qualified buyers.

Located South of Houston Texas on Hwy 288. The hotel is generating demand from all areas of business. Dow Chemical is located near the hotel along with MD Anderson Cancer Center and the Lake Jackson Civic Center. Dow is planning future development of a new plant to bring in additional 1500 workers. Hotel staff are not aware of sale. Please contact broker for additional information.

Financial Summary

Room Mix Information

Debt & Equity Information

Actual
Year
2008
Scheduled Gross Income
$1,837,903
Effective Gross Income
$1,837,903
Operating Expenses
$978,238
Net Operating Income
$858,915
Pre-Tax Cash Flow
$858,915

Description	No. Rooms	Avg. Rate
King	27	$129
Queen Queen	32	$109

Map of 296 Abner Jackson, Lake Jackson, TX 77566 (Brazoria County)

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Created 12/31/2008

Additional Information for 296 Abner Jackson Parkway, Lake Jackson, TX 77566

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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.

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Hotel & Motel Property For Sale - Comfort Suites

296 Abner Jackson, Lake Jackson, TX, 77566