2155 N 11th St - Hospitality FOR SALE
Beaumont, TX 77703 |
2155 N 11th St
Beaumont, TX 77703
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 May 2025, the hotel achieved an impressive 48.0% 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.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
SureStay Plus by Best Western Beaumont
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
56981
STORIES
2
ROOM ENTRANCE
Exterior
BUILDING CLASS
C
YEAR BUILT
1980
PARKING SPACES
162
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
C
APN/PARCEL ID
035650-000-000500-00000
