4407 27th St - Hospitality FOR SALE


Orange, TX 77632- East Orange
$4,250,000 USD
415-385-3291
4407 27th St, Orange, TX for Sale
$4,250,000 USD
Hospitality - FOR SALE
1/13
null | Request Cap Rate

4407 27th St
Orange, TX 77632
East Orange


OVERVIEW

Property Highlights: - 65 Units - $65,500 per unit - Part of Beaumont - Port Arthur Metropolitan Area - 30 Minutes from US larges Oil Refinery - Motiva Refinery - Home to Petrochemical Sector, Maritime Legacy, Transportation & Logistics Hub. Property Upgrades (finished in August 2024). Originally built as a 126-room Motel 6, this property has undergone an extraordinary transformation into a modern and functional extended-stay destination, now known as Hometown Studios Orange, TX. The project reimagined the space to meet the growing demand for quality, long-term accommodations while addressing contemporary needs for comfort and utility. By combining two standard motel rooms into one, the property now features 66 spacious studio units, each equipped with full kitchens. This innovative redesign enhances livability, catering to both families and professionals seeking a home-like experience. The comprehensive renovation, with an investment exceeding $1.5 million, involved: - Electrical and Plumbing Upgrades: Ensuring safety and reliability throughout the property. - New Tubs, Vanities, and Flooring: Modernizing interiors for a fresh, contemporary look. - Furniture Packages: Providing high-quality furnishings for immediate comfort. - Lobby Redesign: Creating an inviting, functional space for guests to check in and relax. - Water Heaters & Softeners: Ensuring efficient and comfortable water systems for all units. - Advanced Security & Connectivity: Installation of a state-of-the-art camera system and upgraded internet services. - Enhanced Curb Appeal: New signage, landscaping, and exterior improvements to elevate the overall guest experience. The transformation culminated in July 2024, when Hometown Studios officially opened its doors to guests including partnering with Online Travel Agencies (OTAs) such as Expedia, Priceline, Hotels.com and Booking.com and more. This project reflects a commitment to thoughtful design, attention to detail, and a vision for creating spaces that serve the evolving needs of today’s travelers and residents. Hometown Studios Orange, TX, stands as a testament to innovation, delivering both value and comfort in a prime location. Presented by Apex Lodging Advisors, Hometowne Studios in Orange, Texas, offers an outstanding investment opportunity, uniquely positioned to thrive in this growing market. In 2024, the property underwent significant upgrades, enhancing guest experience and boosting operational efficiency. These renovations included updated guest rooms with modern furnishings, upgraded amenities to meet extended-stay travelers1 needs, and improvements to key infrastructure such as HVAC systems and security, ensuring long-term asset value. Strategically located, the property benefits from nearby demand generators, including the Stark Museum of Art, Shangri La Botanical Gardens, and Lutcher Theater, attracting both leisure and business travelers. Additionally, Lamar State College-Orange and various industrial hubs drive consistent year-round occupancy. The surrounding area1s cultural, historical, and natural attractions, coupled with economic growth and industrial activity, ensure strong revenue potential and long-term value appreciation. With its blend of affordability, convenience, and newly added features, Hometowne Studios in Orange is a prime investment in a vibrant regional market. This well-positioned asset combines affordability with convenience, making it an attractive choice for both short-term and extended stays. With Orange1s rich heritage and ongoing economic development, Hometown Studios is poised for stable revenue growth and long-term value appreciation.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$127 USD /SF

# OF ROOMS

50

PRICE/ROOM

$85,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

HomeTowne Studios Orange, TX

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1983

PARKING SPACES

117

LAND DETAILS

LAND ACRES

2.43 AC

LAND SF

105,894 SF

ZONING

F1

APN/PARCEL ID

000129-007011

ASK ABOUT THIS PROPERTY

Dhruv ShahThe Passport GroupMore Info
415-385-3291

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Dhruv ShahThe Passport GroupMore Info
415-385-3291

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.