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- LoopNet Team
8040 Memorial Blvd
Port Arthur, TX 77642
Quality Inn & Suites Port Arthur · Hospitality Property For Sale
·
35,506 SF
INVESTMENT HIGHLIGHTS
- 73-Room, Interior Corridor, Midscale Hotel Built in 1997
- 10.54% Cap Rate based on Trailing Twelve-Month Net Operating Income of $437,265
- Well Positioned with Excellent Visibility from Highway 96
- Priced at 3.11x Room Revenue Multiplier
- Major Renovations Completed from 2017-2018
- 1 Bedroom & 1 Bathroom Owners Living Quarters
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 35,506 SF |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | C | Year Built | 1997 |
| Lot Size | 1.63 AC | Corridor | Interior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.63 AC |
| Building Size | 35,506 SF |
| No. Stories | 2 |
| Year Built | 1997 |
| Corridor | Interior |
AMENITIES
- Business Center
- Fitness Center
- Pool
- On-Site Retail
- Meeting Event Space
ABOUT 8040 MEMORIAL BLVD , PORT ARTHUR, TX 77642
Property Overview: The Quality Inn & Suites Port Arthur is a 73-room, two-story hotel built in 1997. Well-equipped with numerous common area and guest room amenities, this limited-service midscale hotel offers spacious guest rooms that come furnished with a microwave, refrigerator, work desk, and flat-screen television with premium channels. Additionally, some splendid common area amenities the hotel has to offer consist of an outdoor pool, fitness center, business center, self-service laundry, and conference space. Location Overview: Port Arthur, Texas is a city located in Jefferson County in the eastern region of the state, 15 miles southeast of Beaumont and 90 miles east of Houston. The Quality Inn & Suites Port Arthur is superbly positioned on Highway 96, near the intersection with East FM 365. With the city’s major employers and popular revenue generators near the property, this sought-after hotel benefits from many key industries of the city which include construction, healthcare & social assistance, and retail trade. Lamar University and Exxon Mobil, two of the city’s largest employers located approximately 12 miles from the hotel, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the workforce include Memorial Hermann Baptist Hospital (13.9 miles) and Christus St Elizabeth Hospital (14.9 miles). Revenue generators in the area, like Central Mall (0.9 miles) and Fire Museum of Texas (13.8 miles) help bring additional revenue to the hotel through an increase in transient business. Extra demand drivers for the city include Ford Park Entertainment Complex (17.6 miles), Beaumont Municipal Airport (20.2 miles), and Parkdale Mall (20.3 miles).
