Hampton Inn & Suites Center

$2,750,000

141 Express Boulevard, Center, TX 75935

Details

  • $2,750,000
  • Limited Service

Hampton Inn & Suites Center is a 66 unit, interior corridor, select-service hotel, constructed in 2011. The hotel features an outdoor pool, a bar/lounge, a business center, a meeting room and a fitness center. Free buffet breakfast, free Wi-Fi in public areas and free self parking are also provided. All 66 rooms provide free Wi-Fi, microwaves, mini refrigerators, hair dryers, irons with ironing boards and TVs.

Hampton Inn & Suites Center is priced significantly below replacement cost at $41,666 per key or at 3.5 times the 2016 Room Revenue. There is potential for an experienced hands-on owner/operator to improve or maintain the top line revenue, but most importantly control costs, build in efficiencies and improve the operating margin at the hotel. The hotel also can be converted into a Comfort Inn & Suites with minimal PIP required initially for a new owner or a Quality Inn & Suites with no PIP other than signage.

The city of Center, Texas is located in east Texas, approximately 190 miles east of Dallas and 65 miles south of Shreveport, Louisiana. Center’s downtown boasts the Shelby County Museum and Courthouse, the last Irish castle-style courthouse in the United States. Corporate demand generators such as Hallmark Center-Fixture, General Shelter, Tyson and Armstrong, Incorporated are located approximately one mile from the subject hotel. Center, Texas is located in the heart of the Haynesville Shale which is vital to the local economy. As oil and gas prices continue to stabilize, so should the economy of Center, Texas.

Agent for this listing

Skyler Cooper

Vice President Investments, National Hospitality Group
Office: (713) 452-4275
Mobile: (540) 522-9115
Other listings

Contact Form

Joseph Jaques

Associate, National Hospitality Group
Office: (972) 755-5171
Mobile: (979) 229-7673
Fax: (972) 755-5210
Other listings

Contact Form

Back to Top