2155 N 11th St - Hospitality FOR SALE


Beaumont, TX 77703- Brickyard
$3,700,000 USD
713-955-0012
2155 N 11th St, Beaumont, TX for Sale
$3,700,000 USD
Hospitality - FOR SALE
1/16
null | Request Cap Rate

2155 N 11th St
Beaumont, TX 77703
Brickyard


HIGHLIGHTS

  • Value-Add opportunity for a more hands-on operator to restructure the institutionally owned and operated asset.
  • In 2024, current ownership renovated multiple areas of the property and converted the hotel to a SureStay Plus by Best Western.
  • Per STR’s YTD data through March 2025, the hotel achieved an impressive 23.4% RevPAR increase compared to the same period last year.
  • This opportunity presents an investor with the ability to acquire the property at a price well below replacement cost, at $28,000 (rounded) per key.
  • To construct a similar limited-service asset with comparable amenities, the estimated all-in investment would be a minimum of $100,000 per key.
  • Robust Petrochemical & Energy Market - Approximately $41 billion petrochemical expansion projects are either underway or have been recently completed.

OVERVIEW

For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=151756 HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 135-key SureStay by Best Western Beaumont, a limited-service hotel asset in Beaumont, Texas. The Beaumont–Port Arthur metropolitan statistical area (MSA) is a three-county region in Southeast Texas, whose economy is driven primarily by the oil and gas (O&G)/petrochemical and manufacturing industries.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$65 USD /SF

# OF ROOMS

130

PRICE/ROOM

$28,462 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SureStay Plus by Best Western Beaumont

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1980

PARKING SPACES

162

LAND DETAILS

LAND ACRES

3.22 AC

LAND SF

140,289 SF

ZONING

C

APN/PARCEL ID

035650-000-000500-00000,56367

ASK ABOUT THIS PROPERTY

713-955-0012

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713-955-0012

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