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Comfort Inn & Suites Red Oak 404 N I-35 E 97 Room Hotel Red Oak, TX 75154 $8,700,000 ($89,691/Room)
Investment Highlights
- Excellent Interstate 35 location
- Ability to push ADR post completion of a Property Improvement Plan
- Ideal size and operating model for owner/operator
- Upside Potential in relation to competitive set in ADR and RevPAR
Executive Summary
Property features 97 guest rooms, seasonal outdoor pool, fitness center, meeting rooms, continental breakfast with seating for 30, guest laundry, and wireless internet.
Property Facts
| Price | $8,700,000 | Building Size | 31,898 SF |
| Price Per Room | $89,691 | No. Rooms | 97 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 2000/2006 |
| Property Subtype | Hotel | Parking Ratio | 2.67/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 2.82 AC | ||
| Zoning | PD-80 - planned development districts | ||
| Price | $8,700,000 |
| Price Per Room | $89,691 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.82 AC |
| Building Size | 31,898 SF |
| No. Rooms | 97 |
| No. Stories | 2 |
| Year Built/Renovated | 2000/2006 |
| Parking Ratio | 2.67/1,000 SF |
| Corridor | Interior |
| Zoning | PD-80 - planned development districts |
Amenities
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 32 | $90.00 | - |
| Guest Room | 65 | $72.00 | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 217913 | Improvements Assessment | $3,532,942 |
| Land Assessment | $1,284,477 | Total Assessment | $4,817,419 |
Property Taxes
Parcel Number
217913
Land Assessment
$1,284,477
Improvements Assessment
$3,532,942
Total Assessment
$4,817,419
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Comfort Inn & Suites Red Oak | 404 N I-35 E
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