Studio 6 Beeville

$995,000

2180 Highway 59 East, Beeville, TX 78102

Details

  • $995,000
  • Economy

Investment Overview:

The Studio 6 Beeville is offered significantly below replacement cost at $23,140 per key or $995,000. The property is absentee owned but extremely well maintained and expected to have zero to minimal property improvement plan from Accor Hotels. The hotel is benefitting by the increased activity in the Eagle Ford Shale energy market. YTD through March 2017, RevPAR is up 55% over previous year, and room revenues are up $67,000 YTD March over same period in 2016. The Studio 6 Beeville represents an opportunity for an owner/operator to enter a market at a low basis point to competition and participate in the market’s significant upside as the Eagle Ford Shale Energy market continues to recover. The three bedroom, two bathroom manager’s apartment behind the front desk and adjacent to the laundry facility make this investment ideal for an owner operator.

Property information must be requested from the listing agent. PLEASE DO NOT CONTACT THE HOTEL, MANAGEMENT OR STAFF.

Property Overview:

The Studio 6 Beeville is a 43-unit, exterior corridor, extended stay hotel. The hotel was constructed in 2013 and is a two story property located in Beeville, Texas just off Interstate 181. Hotel amenities include a guest laundry facility and common area wireless internet. The rooms come with high-speed wireless internet access, flat screen/ plasma TV, coffee maker, mini fridge, microwave oven, a two stove range, cabinetry, telephone and an iron/ ironing board.

Agent for this listing

Lisa Hankamer

Senior Associate, National Hospitality Group
Office: (713) 452-4247
Mobile: (713) 992-3343
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Skyler Cooper

Vice President Investments, National Hospitality Group
Office: (303) 328-2036
Mobile: (540) 522-9115
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