Property Tour and Contact Detail Information:
Property tours will be held Monday, November 27th, 9 AM to 4 PM and Thursday, December 7th, 9 AM to 4 PM. Please contact the listing broker to schedule a tour of the property.
Investment Highlights:
252-Room, Interior Corridor, Full-Service Hotel
Fully Renovated in 2017 with IHG's Latest Design Scheme
Upside Potential by Reducing Expenses
Located in Strong Market with Consistent Year-Over-Year Growth
Diversified Demand Generators
Strong Revenue Uptrend
Investment Overview:
Marcus & Millichap's National Hospitality Group, as an exclusive broker, is pleased to offer for sale the Holiday Inn & Suites Beaumont, full-service hotel located in Beaumont, Texas. The property consists of 252 rooms and underwent a complete renovation throughout 2016-2017. The hotel offers an indoor pool area, whirlpool, fitness center, and adjoining sun deck. The hotel's lobby features a full-service restaurant, an atrium with a three-story cascading waterfall, and 20,000 square feet of flexible meeting space spread out over 13 meeting rooms.
Beaumont, Texas is a city in southeast Texas and is a part of the Beaumont Port Arthur Metropolitan Statistical Are
Beaumont, Texas is a city in southeast Texas and is a part of the Beaumont Port Arthur Metropolitan Statistical Area. The Holiday Inn & Suites Beaumont is located just off US Interstate 10 and is one exit away from the Highway 96 intersection. Centrally located, the hotel offers a great location in close proximity to multiple corporate and leisure demand generators such as the Lamar University, Ameripol Synpol, the ExxonMobil Refinery, Cargil-Northstar Steel, Huntsman Corporation, Christus Hospital-St. Elizabeth, and the Dupont and Goodyear plants. The property is just a few miles from numerous attractions including the multi-purpose entertainment and sports complex at Ford Park, the Imagination Station at Central Park, and downtown's popular dining and music spot, Crockett Street Entertainment District. The hotel is also within a short drive of great gaming action at Delta Downs Racetrack & Casino. The property is 12 miles from Jack Brooks Regional Airport.
The Holiday Inn & Suites Beaumont is offered for sale on a Call for Offers basis. Based on November 2017 Trailing Twelve Months, the Net Operating Income was approximately $2,100,000, which includes reserves for capital repl
