Quality Inn Mount Pleasant

$2,450,000

2515 West Ferguson Road, Mount Pleasant, TX 75455

Details

  • $2,450,000
  • Economy

Investment Overview:

Marcus & Millichap’s National Hospitality Group, as an exclusive broker, is pleased to offer for sale the Quality Inn Mount Pleasant. The property is a 59-room, exterior corridor, two-story hotel located in Mount Pleasant, Texas, approximately 2 hours east of Dallas, TX and 1 hour west of Texarkana, TX along Interstate 30.

The hotel was recently renovated and should come with minimal to no change of ownership PIP for a new owner. This is an ideal property for an owner-operator due to low/no PIP, ramping up revenue and ease of operation due to its size.

YTD 2017 July and post completion of current owners PIP, the hotel has generated almost fourteen percent higher revenue per available room (RevPAR) than the same period the previous year. The hotel has gained seventeen percent occupancy YTD July 2017 due to recently renovated rooms. The ramp-up continues as the hotel earned approximately seventeen percent better RevPAR in July 2017 alone, and the trend continues.

The asset is offered for sale at $2.45M which is only $41,525 per room and significantly well below replacement cost. A well-qualified buyer may be able to obtain new SBA 7A financing with only 15%-20% down payment. Please contact the Agent for more details.

Property Overview:

The Quality Inn Mount Pleasant hotel is a 59-unit, exterior corridor, limited service hotel located in Mount Pleasant, Texas. The property was built in 1994 and is a two-story hotel. The guest rooms feature Wifi, refrigerator, microwave, select rooms include hot tubs, and executive suites are also available. Also, the common area amenities include a business center, laundry facilities, picnic area, outdoor pool, vehicle/truck parking, and the hotel is an approved government travelers Federal Emergency Management Agency (FEMA) hotel.

Location Overview:

Mount Pleasant is located in Texas and seated in Titus county. Local attractions include Lake Welsh, Dellwood Park, and the Edison Phonograph Museum. The Texarkana Regional Airport is located 67 miles from the hotel, and the Mount Pleasant Regional Airport is available for public use which is located within 7 miles of the Quality Inn Mount Pleasant. Furthermore, the major employers are Pilgrim’s Pride, Priefert Manufacturing, and the Titus Regional Medical Center which are all within 5 miles from the hotel.

Mount Pleasant is located approximately 115 miles or 2 hours east of Dallas, Texas, and 60 miles or 1 hour west of Texarkana, Texas along Interstate 30.

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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Joseph Jaques

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