This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
2030 N 11th St
Beaumont, TX 77703
Sonesta Essential Beaumont · Hospitality Property For Sale
·
35,528 SF
INVESTMENT HIGHLIGHTS
- 53-Room Interior Corridor Three-Story, Built in 2006
- Two-Bedroom & Two-Bathroom Owners Apartment
- High Cash Flow – Priced at 13.14% Cap Rate
- Priced at 3.39 Times 2020 Room Revenue
- Recently Completed Renovation to the Property
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2006/2015 |
| Building Class | C | Tenancy | Single |
| Lot Size | 1.45 AC | Parking Ratio | 1.13/1,000 SF |
| Building Size | 35,528 SF | Corridor | Interior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.45 AC |
| Building Size | 35,528 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2006/2015 |
| Tenancy | Single |
| Parking Ratio | 1.13/1,000 SF |
| Corridor | Interior |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
ABOUT 2030 N 11TH ST , BEAUMONT, TX 77703
Property Overview: The Econo Lodge Inn & Suites Beaumont is a 53-room, three-story, interior corridor hotel built in 2006. Well-equipped with numerous common area and guest room amenities, this limited-service, economy hotel offers guest rooms that come furnished with a microwave, refrigerator, work desk, and flat-screen television; common area amenities the hotel has to offer consist of an outdoor pool, fitness center, guest laundry facilities, and wireless internet. Location Overview: Beaumont, Texas is a city located in Jefferson County in the eastern region of the state, 60 miles west of Lake Charles and 85 miles east of Houston. The Econo Lodge Inn & Suites Beaumont is superbly positioned just off Interstate 10, along 11th Street. With the city’s major employers and popular revenue generators near the property, this sought-after hotel benefits from many key industries of the city which include health care & social assistance, retail trade, and educational services. Memorial Hermann Baptist Hospital and Helena Laboratories, two of the city’s largest employers located five or less miles from the hotel, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the workforce include Christus St Elizabeth Hospital (1.2 miles) and Exxon Mobil Oil Corp. (5.2 miles). Revenue generators in the area, like Parkdale Mall (3.6 miles) and Beaumont Municipal Airport (7.3 miles) help bring additional revenue to the hotel through an increase in transient business. Extra demand drivers for the city include Ford Park Entertainment Complex (7.9 miles) and Lamar University (5.8 miles).
PROPERTY TAXES
| Parcel Number | 257416-000-001000-00000 | Improvements Assessment | $3,427,175 |
| Land Assessment | $100,522 | Total Assessment | $3,527,697 |
PROPERTY TAXES
