This Hospitality Property is no longer advertised on LoopNet.com.

205 W Gibson St
Jasper, TX 75951
Best Western Inn of Jasper · Hospitality Property For Sale · 24,344 SF

Investment Highlights

  • 3.5X RRM – Property is priced at a fraction of replacement cost.
  • Major Renovation Completed in 2021 – Current owner completed a PIP in September 2021, likely contributing to increasing revenues towards the end of Yr
  • Underperforming Property / Strong upside – Property is doing around half the revenue per room of the Holiday Inn Express.
  • Absentee Owned – Owner operates the property remotely, creating an opportunity for an owner operator.

Property Facts

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.87 AC
Building Size 24,344 SF
No. Stories 1
Year Built/Renovated 1995/2019
Parking Ratio 4.6/1,000 SF
Corridor Exterior
Zoning Commercial

Amenities

  • Business Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Hot Tub
  • Listing ID: 25248900

  • Date on Market: 3/14/2022

  • Last Updated:

  • Address: 205 W Gibson St, Jasper, TX 75951

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