La Quinta Inn by Wyndham Wichita Falls

For Sale

1128 Central Fwy, Wichita Falls, TX 76036

This Wichita Falls property for sale is located at 1128 Central Fwy. The current listed sale price for La Quinta Inn by Wyndham Wichita Falls is $4,400,000. La Quinta Inn by Wyndham Wichita Falls is situated on a lot that is 2.89 acre in size.

Contacts

broker

Salman (Sam) Tabani

Tabani Realty

(972) 810-7729

Property Details

  • Property Type Other
  • Property Size 49,996 SF
  • Units 139
  • Lot Size 2.89 Acre
  • Year Built 1972
  • Year Renovated 2014
  • Date Updated Mar 12, 2024
Wichita Falls is strategically located near the border of Texas and Oklahoma, making it a crossroads for travelers. It serves as a gateway to various destinations in both states, attracting visitors passing through or looking to explore the region. Wichita Falls is well-connected in terms of transportation. It is served by the Wichita Falls Regional Airport, which offers commercial flights and is also accessible via major highways, including Interstate 44 and U.S. Route 287. This accessibility makes it convenient for travelers, increasing the demand for hotel accommodations. Wichita Falls is home to Sheppard Air Force Base, a major training facility for the United States Air Force. The presence of the base brings a significant number of military personnel, their families, and visitors to the area, creating a consistent demand for hotel rooms. Wichita Falls has a diverse economy with industries such as healthcare, education, manufacturing, and agriculture. The city is also a regional center for retail and services, attracting business travelers and corporate events. Wichita Falls offers a range of attractions and events that draw visitors to the area. The city is known for its natural beauty, including the scenic Wichita Mountains and the nearby Lake Wichita. Additionally, Wichita Falls hosts various festivals, sporting events, and cultural activities throughout the year, which can generate tourism and increase the demand for hotel rooms.Tabani Realty is pleased to present the La Quinta Inn by Wyndham in Wichita Falls, Texas. The limited-service hotel has 139 guestrooms and is listed at $31,654 per key. The La Quinta in Wichita Falls is a mismanaged property with the potential to cut costs and increase NOI. The property offers 139 guestrooms with interior corridors which were renovated in 2014. The building has an overall living space of 49,996 SF across two floors. The La Quinta Inn sits on 2.98 acres of land which is also included in the sale. The La Quinta Inn by Wyndham in Wichita Falls Event Center North sits directly on I-44, close to the heart of Wichita Falls. This location experiences high volumes of pass-through traffic due to both the major throughway and the large Wichita Falls Sports Complex.

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Highlights

  • ADR & RevPAR lower than comps, scope for improvement for new ownership.
  • Offered at $31,654 per key.
  • Offered at 7.5% Cap Rate.
  • Mismanaged property, absentee operator, potential to cut costs and increase NOI and Revenue.
  • Sits directly on I-44 with high visibility.
  • Close to Wichita Falls Sports Complex.
  • Can be converted to other Wyndham Family brands.

Attachments

Getting around

  • 35/100

    Walk Score ®

  • 41/100

    Bike Score ®

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Location

  • City Wichita Falls, TX
  • Zip Code 76036

Points of Interest

  • Alon

    0.13 miles

  • Phillips 66

    0.50 miles

  • Valero

    0.54 miles

  • Alon

    1.01 miles

  • Shell

    1.11 miles

  • Murphy USA

    1.29 miles

  • Alon

    1.78 miles

  • Accel Fuels

    1.79 miles

  • Sheppard Express

    2.18 miles

  • Alon

    2.18 miles

  • Rest Area I-44 (South Bound)

    0.86 miles

  • Hamilton Building Parking Garage

    2.18 miles

  • The Church of Jesus Christ of Latter-day Saints

    4.07 miles

  • Denny's Parking

    4.90 miles

  • Target Parking Lot

    4.92 miles

  • La Quinta Inn

    0.01 miles

  • Comfort Inn

    0.06 miles

  • Super 8

    0.12 miles

  • Red Roof Inn

    0.12 miles

  • America's Best Value Inn

    0.17 miles

  • Motel 6

    0.19 miles

  • Executive In & Suites

    0.23 miles

  • Quality Inn & Suites

    0.25 miles

  • Candlewood Suites

    0.27 miles

  • Fairfield Inn & Suites

    0.31 miles

  • United Supermarkets

    0.43 miles

  • Walmart Supercenter

    1.26 miles

  • King's Groceries

    2.22 miles

  • Sheppard Commissary

    2.30 miles

  • ALDI

    4.07 miles

  • Walmart Supercenter

    4.30 miles

  • Burlington

    4.56 miles

  • JCPenney

    4.65 miles

  • Market Street

    4.65 miles

  • Dillard's

    4.71 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Salman (Sam) Tabani

Tabani Realty

(972) 810-7729