2119 S 1st St | Lufkin, TX 75901
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2119 S 1st St
Lufkin, TX 75901
Corporate La Quinta Inn Lufkin · Hospitality Property For Sale
·
46,046 SF
INVESTMENT HIGHLIGHTS
- In good condition and has a PIP amount of $8,000 per room.
- Currently being operated by Wyndham Corporation, offering significant upside for Owner/Operator.
- November 2019 trailing twelve-months (TTM) Room Revenue of $1,677,656. Priced at 2.98x RRM.
- Priced significantly below replacement costs at $47,619 per room.
- Buyer is expected to retain a long term La Quinta license.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1983/2005 |
| Building Class | B | Parking Ratio | 2.15/1,000 SF |
| Lot Size | 1.88 AC | Corridor | Exterior |
| Building Size | 46,046 SF | ||
| Zoning | C | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.88 AC |
| Building Size | 46,046 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1983/2005 |
| Parking Ratio | 2.15/1,000 SF |
| Corridor | Exterior |
| Zoning | C |
AMENITIES
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
ABOUT 2119 S 1ST ST , LUFKIN, TX 75901
Corporately owned La Quinta Inn located in Lufkin TX within 1 hour of the Houston Texas MSA. 105 rooms, exterior corridor, two story, limited-service hotel built in 1984. Lufkin, Texas market total room revenue has increased 8.78% as of YTD November 2019.
PROPERTY TAXES
| Parcel Number | 31097 | Improvements Assessment | $3,564,610 |
| Land Assessment | $717,560 | Total Assessment | $4,282,170 |
PROPERTY TAXES
Parcel Number
31097
Land Assessment
$717,560
Improvements Assessment
$3,564,610
Total Assessment
$4,282,170
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