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1128 Central Fwy
Wichita Falls, TX 76306
Park Inn by Choice Wichita Falls, TX · Hospitality Property For Sale
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49,996 SF
Investment Highlights
- ADR & RevPAR lower than comps, scope for improvement for new ownership.
- Offered at Cap rate of 11.42%
- Sits directly on I-44 with high visibility.
- Offered at $20,864 per key.
- Mismanaged property, absentee operator, potential to cut costs and increase NOI and Revenue.
- Can be converted to other Wyndham Family brands.
Property Facts
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1972/2014 |
| Building Class | B | Parking Ratio | 3.14/1,000 SF |
| Lot Size | 2.89 AC | Corridor | Exterior |
| Building Size | 49,996 SF | ||
| Zoning | GC | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.89 AC |
| Building Size | 49,996 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2014 |
| Parking Ratio | 3.14/1,000 SF |
| Corridor | Exterior |
| Zoning | GC |
Amenities
- Fitness Center
- Restaurant
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
Property Taxes
| Parcel Number | 137059 | Improvements Assessment | $1,005,259 |
| Land Assessment | $494,741 | Total Assessment | $1,500,000 |
Property Taxes
Parcel Number
137059
Land Assessment
$494,741
Improvements Assessment
$1,005,259
Total Assessment
$1,500,000
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