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Wingate by Wyndham Longview North 615 City Center Way 67 Room Hotel Longview, TX 75605 $6,500,000 ($97,015/Room) 9.39% Cap Rate
Investment Highlights
- Priced to sell | Motivated Seller
- Excellent Condition | Minimal PIP
- 9.39% CAP | Occupancy maintained over 87% PLUS for the past 4 years
Executive Summary
The hotel is operating at High stabilized performance levels with strong operational discipline and efficient cost controls.
The Hotel has maintained strong corporate account business over many years; an agreement which renews every three years.
MANAGEMENT: This is a High Cash-Flow Asset. The Hotel is easy to manage, however should the Buyer choose not to manage, the seller is willing to manage the Hotel for the Buyer to maintain stable, long-term profitability.
The Hotel has maintained strong corporate account business over many years; an agreement which renews every three years.
MANAGEMENT: This is a High Cash-Flow Asset. The Hotel is easy to manage, however should the Buyer choose not to manage, the seller is willing to manage the Hotel for the Buyer to maintain stable, long-term profitability.
Data Room Click Here to Access
Property Facts
| Price | $6,500,000 | Lot Size | 2.24 AC |
| Price Per Room | $97,015 | Building Size | 45,456 SF |
| Sale Type | Investment | No. Rooms | 67 |
| Cap Rate | 9.39% | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 2015 |
| Property Subtype | Hotel | Parking Ratio | 1.18/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | C-1 - Real Commercial | ||
| Price | $6,500,000 |
| Price Per Room | $97,015 |
| Sale Type | Investment |
| Cap Rate | 9.39% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.24 AC |
| Building Size | 45,456 SF |
| No. Rooms | 67 |
| No. Stories | 3 |
| Year Built | 2015 |
| Parking Ratio | 1.18/1,000 SF |
| Corridor | Interior |
| Zoning | C-1 - Real Commercial |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 20 | $97.00 | - |
| Guest Room | 47 | $86.00 | - |
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Property Taxes
| Parcel Number | 1185180 | Improvements Assessment | $6,344,990 |
| Land Assessment | $112,500 | Total Assessment | $6,457,490 |
Property Taxes
Parcel Number
1185180
Land Assessment
$112,500
Improvements Assessment
$6,344,990
Total Assessment
$6,457,490
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Wingate by Wyndham Longview North | 615 City Center Way
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