1209 N Interstate 35 - Hospitality FOR SALE
Round Rock, TX 78664 |
1209 N Interstate 35
Round Rock, TX 78664
HIGHLIGHTS
- Underperformed Motel 6 & Quality Inn / Owned by Out of State Investors: Property underperformed the Motel 6 & Quality Inn by aprox $14 in RevPAR 2021
- Major Renovation Completed in 2020 – renovations include new case goods, mattresses, lighting, and public space - Ask Broker for details.
- High Cash Flow Meeting Space – Property has 15,000 sq. ft. of meeting space, contained in a separate building.
- Meeting Space is operating at about 60% margin with a 2019 NOI of $358,360. Consists Ballroom, Boardrooms, multiple smaller Meeting Rm.
- High barrier to Entry / Well Below Replacement Cost
- Minutes from new $17 Billion Samsung plant construction project
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Wingate by Wyndham Round Rock Hotel
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
66768
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1999
PARKING SPACES
178
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
C
APN/PARCEL ID
R416373
