502 S Access Rd, Longview, TX 75602
- Limited Service
The Baymont Inn & Suites is offered significantly below replacement cost at $2,100,000 or at $20,000 per Key. According to the June 2017 STAR Report, the Baymont Inn & Suites is underperforming its competitive set with a RevPAR penetration of just 47.1 percent. A new investor should immediately be able to improve the hotels existing performance through marketing efforts and by improving online reviews.
Alternatively, a new investor may convert the Baymont Inn & Suites into a Red Roof Inn & Suites. By doing so a new investor should be able to immediately increase the hotel’s performance. According to a recent market survey, a newly converted Red Roof Inn & Suites should be able to produce an ADR of $59 and room occupancy of 38 percent in its first year. This would result in year-one room revenues of just under $860K which is the basis for our Pro-Forma Profit & Loss statement.
The Baymont Inn & Suites In Longview, Texas is a 105-room, economy hotel conveniently located off Interstate Highway 20. The two-story hotel has an exterior corridor and was built in 1984. The hotel offers several common area amenities such as RV/bus/truck/car parking, business center, 400 square feet of meeting space, outdoor pool, and cribs available. The guest rooms also feature a flat screen television, microwave, and refrigerator.
Longview, Texas, is located in East Texas, where Interstate 20 and U.S. Highways 80 and 259 meet just north of the Sabine River. The city offers entertainment, attractions and ongoing seasonal festivals such as the Great Texas Balloon Race in July, the Zonta Antique Show and Sale in March, and the East Texas Boat, RV, and Camping Expo in January. Nearby businesses include Eastman Kodak, Dana Corporation, SYSCO, and TCIM. Good Shepherd Medical Center is eight miles away from the Baymont Inn Express & Suites Longview. Downtown Longview is just six miles from the hotel’s location.
Agent for this listing
Vice President Investments, National Hospitality Group
Office: (713) 452-4275
Mobile: (540) 522-9115