Holiday Inn & Suites Beaumont

Request for Offers

3950 Interstate 10 South, Beaumont, TX 77705

Details

  • Request for Offers
  • Midscale

Financial Overview:

The Holiday Inn & Suites Beaumont is offered for sale on a Call for Offers basis. Based on June 2017 Trailing Twelve Months, the Net Operating Income was approximately $1,131,000, which includes reserves for capital replacements (4 percent) and management fee (3 percent). During TTM June 2017, the property was undergoing major renovations. The projected NOI for Year 1 is $1,596,631.

Property Overview:

Marcus & Millichap’s National Hospitality Group, as an exclusive broker, is pleased to offer for sale the Holiday Inn & Suites Beaumont, full-service hotel located in Beaumont, Texas. The property consists of 252 rooms and underwent a complete renovation throughout 2016-2017. The hotel offers an indoor pool area, whirlpool, fitness center, and adjoining sun deck. The hotel’s lobby features a full-service restaurant, an atrium with a three-story cascading waterfall, and 20,000 square feet of flexible meeting space spread out over 13 meeting rooms.

Location Overview:

Beaumont, Texas is a city in southeast Texas and is a part of the Beaumont–Port Arthur Metropolitan Statistical Area. The Holiday Inn & Suites Beaumont is located just off US Interstate 10 and is one exit away from the Highway 96 intersection. Centrally located, the hotel offers a great location in close proximity to multiple corporate and leisure demand generators such as the Lamar University, Ameripol Synpol, the ExxonMobil Refinery, CargilNorthstar Steel, Huntsman Corporation, Christus Hospital-St. Elizabeth, and the Dupont and Goodyear plants. The property is just a few miles from numerous attractions including the multi-purpose entertainment and sports complex at Ford Park, the Imagination Station at Central Park, and downtown’s popular dining and music spot, Crockett Street Entertainment District. The hotel is also within a short drive of great gaming action at Delta Downs Racetrack & Casino.The property is 12 miles from Jack Brooks Regional Airport.

Agent for this listing

Chris Gomes

Senior Managing Director Investments, National Hospitality Group
Office: (972) 755-5302
Mobile: (972) 786-2719
Fax: (972) 755-5210
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