Quality Inn & Suites Lufkin

$2,600,000

4306 S 1st St, Lufkin, TX 75901

Details

  • $2,600,000
  • Economy

Investment Overview:

Marcus & Millichap’s National Hospitality Group, as an exclusive broker, is pleased to offer for sale the Quality Inn & Suites in Lufkin, Texas. The property is a 103-room, exterior corridor, two story hotel with outdoor swimming pool and ample car and truck parking. The property was built in 1982 and is located within the four-property cluster including Hampton Inn, Holiday Inn Express and Comfort Suites.The asset may require the new investor to complete the change of ownership PIP by Choice Hotels. Rebranding opportunities include Days Inn, Super 8 and Red Roof Inn. PIP’s are available on request. Kindly contact the agent for more information.

The subject hotel and the Lufkin hospitality market overall is experiencing a significant increase in occupancy levels during 2017. This trend is anticipated to continue in future months. The Quality Inn & Suites Lufkin is currently owned and managed by an absentee owner based in Dallas, Texas. This asset is an ideal investment opportunity for owner-operator who may be able to reduce expenses and increase profitability through hands-on operations.

There is also an on-site restaurant that is leased to a third party producing additional income for the hotel. The restaurant serves breakfast, lunch and dinner.

Property Overview:

The Quality Inn & Suites is located in Lufkin, Texas. The common area amenities include an outdoor pool, meeting room, guest self-laundry, and car/truck parking. Each of the guest room also features a flat screen television, refrigerator, and microwave.

Location Overview:

Lufkin, Texas, is seated in Angelina County located in the southeastern part of the state. Lake Sam Rayburn is the largest reservoir, located within 20 miles of the Quality Inn & Suites Lufkin, attracts approximately two million users each year for bass fishing, water skiing, camping, and other activities. Less than five miles from the Quality Inn & Suites Lufkin is The Angelina County Exposition Center which hosts conventions, rodeos, and concerts that draws hundreds of thousands of visitors to Lufkin each year. Furthermore, there are 10 public parks, three golf courses, and 14 tennis courts available for recreational use.

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
Other listings

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