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Holiday Inn Express & Suites - Availability Details

2723 South Main Street, Perryton, TX 79070

  • For Sale $6,475,000
  • City Perryton
  • Neighborhood Perryton
  • Zip Code 79070
  • Property Type Other
  • Property Size 42,408 Sqft
  • Lot Size 1.97 Acre
  • Property Tenancy Single Tenant
  • Year Built 2016
  • Date Updated 21 Jun, 2021
Located along Highway 83, 8 miles from the northern border of Texas/Oklahoma in the Panhandle, Perryton, the County Seat of Ochiltree County situated in the north central portion of the county, 116 miles northeast of Amarillo, 398 miles northwest of Dallas, and 374 miles northwest of Fort Worth.
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Location

  • City Perryton, TX
  • Neighborhood Perryton
  • Zip Code 79070

Contacts

broker

Rav Singh, CCIM

Singh Commercial Group

(210) 696-9996

Highlights

  • Latest prototype, built October 2016; Market leader in performance and amenities
  • 52% OCC and $132 ADR on December 2019 actuals
  • 10% Cap Rate on 2018 actuals with 3% management expense in place
  • As of Nov 2019, the Hotel Achieved Roughly 10% more Revenue than 2018. Stabilized revenue expected over $2M by end of year four
  • Revenue Increase of over 27% from 2017 to 2018 and on pace to do 10% higher this year
  • Priced at $87,500k/door on turnkey upper-midscale hotel
  • The Hotel is ready to be managed by Owner -Operator, with the ability to control costs and increase revenue
  • The hotel is rated 4.5 stars on TripAdvisor

Attachments

Contact Listing Broker

broker

Rav Singh, CCIM

Singh Commercial Group

(210) 696-9996

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