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- LoopNet Team
1800 Highway 97 E
Jourdanton, TX 78026
Sleep Inn & Suites Jourdanton - Pleasanton · Hospitality Property For Sale
·
45,704 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Year Built | 2015 | |
| Building Class | B | Parking Ratio | 1.71/1,000 SF |
| Lot Size | 2.10 AC | Corridor | Interior |
| Building Size | 45,704 SF | ||
| Zoning | C - Commercial | ||
| Property Type | Hospitality |
| Property Subtype | |
| Building Class | B |
| Lot Size | 2.10 AC |
| Building Size | 45,704 SF |
| No. Stories | 3 |
| Year Built | 2015 |
| Parking Ratio | 1.71/1,000 SF |
| Corridor | Interior |
| Zoning | C - Commercial |
AMENITIES
- Business Center
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ABOUT 1800 HIGHWAY 97 E , JOURDANTON, TX 78026
2015 Built, like new Sleep Inn & Suites in Pleasanton/Jourdanton, TX. Only 30 miles from San Antonio! Priced to sale at only about $59k/room at $3,895,000, originally cost around $6.5M to build in 2015. Under performing the comp set despite being the newest hotel in the comp set, there's a lot of upside potential as the current owners live over 1,000 miles away! Trailing Twelve Month Room Revenues as of February 2019 are $1,050,000 while 2019 Room Revenues projected to be between $1.4M-$1.5M. Actual Room Revenues in 2018 were $994k, but they should have been $1.3M+ had the Sleep Inn gotten its fair share of the market based on the STAR report. Revenues for the hotel and the market increasing year over year. No new hotels/supply coming into the market. Minimal PIP expected, if any. No State Income Tax in Texas... every year it's named one of the top states to do business in the US. This amazing investment opportunity will not last long!
PROPERTY TAXES
| Parcel Number | R181979 | Improvements Assessment | $2,960,412 |
| Land Assessment | $275,848 | Total Assessment | $3,236,260 |
PROPERTY TAXES
