Studio 6 Beeville

$995,000

2180 Highway 59 East, Beeville, TX 78102

Details

  • $995,000
  • Economy

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.

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

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. According to the July 2016 Monthly STAR Report, the hotel is significantly under performing its competitive sets RevPAR. The Studio 6 Beeville represents an opportunity for a hotelier to purchase a property below replacement cost in a market with significant upside when the Eagle Ford Shale Energy market recovers. The three bedroom, two bath managers apartment behind the front desk and adjacent to the laundry facility make this investment ideal for an owner operator.

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: (713) 452-4275
Mobile: (540) 522-9115
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