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2723 S Main St
Perryton, TX 79070
Holiday Inn Express & Suites Perryton · Hospitality Property For Sale
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42,408 SF
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 42,408 SF |
| Property Subtype | Hotel | No. Stories | 3 |
| Building Class | B | Year Built | 2016 |
| Lot Size | 1.97 AC | Corridor | Interior |
| Zoning | Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.97 AC |
| Building Size | 42,408 SF |
| No. Stories | 3 |
| Year Built | 2016 |
| Corridor | Interior |
| Zoning | Commercial |
AMENITIES
- Business Center
- Fitness Center
- Pool
ABOUT 2723 S MAIN ST , PERRYTON, TX 79070
DO NOT CONTACT HOTEL EMPLOYEES OR VISIT PROPERTY WITHOUT PRIOR AUTHORIZATION The Holiday Inn Express Perryton is a newly built 74 room, 3 story, interior-corridor, upper-midscale InterContintental Hotel Group property completed in 2016. Currently increasing at a rate of over 27% year over year revenue growth, expectations are that the property will stabilize with revenue over $2M. Attractively priced at $97,000/Key and with an NOI on year end 2018 over 38%, the Holiday Inn Express Perryton boasts a 5 year levered IRR over 30%. Located along Highway 83, 8 miles from the northern border of Texas/Oklahoma in the Panhandle, the HIE Perryton serves transient highway travel, destination, and local guests. Perryton has a population of nearly 10,000 and consists mostly of grazing and farm land which is underlaid by deposits of oil and gas in the rich Andarko Basin which spur the economy. Qualifying Broker John Wolf Newmark Knight Frank Dallas 2515 McKinney Ave, Suite 1300 Dallas, TX 75201 Lic: 329107
PROPERTY TAXES
| Parcel Number | 10100200000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,120,970 |
PROPERTY TAXES
