615 City Center Way - Hospitality FOR SALE


Longview, TX 75605
$6,500,000 USD
661-565-4047
615 City Center Way, Longview, TX for Sale
$6,500,000 USD
Hospitality - FOR SALE
1/31
null | 9.39% Cap Rate

615 City Center Way
Longview, TX 75605


HIGHLIGHTS

  • Priced to sell | Motivated Seller
  • 9.39% CAP | Occupancy maintained over 87% PLUS for the past 4 years
  • Excellent Condition | Minimal PIP

OVERVIEW

The hotel is operating at High stabilized performance levels with strong operational discipline and efficient cost controls. The Hotel has maintained strong corporate account business over many years; an agreement which renews every three years. MANAGEMENT: This is a High Cash-Flow Asset. The Hotel is easy to manage, however should the Buyer choose not to manage, the seller is willing to manage the Hotel for the Buyer to maintain stable, long-term profitability.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$155 USD /SF

# OF ROOMS

67

PRICE/ROOM

$97,015 {currency}

CAP RATE

9.39%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wingate by Wyndham Longview North

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2015

PARKING SPACES

79

LAND DETAILS

LAND ACRES

2.23 AC

LAND SF

97,036 SF

ZONING

C-1

APN/PARCEL ID

1185180

ASK ABOUT THIS PROPERTY

Anisha NaikHotel Brokers of AmericaMore Info
661-565-4047

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Anisha NaikHotel Brokers of AmericaMore Info
661-565-4047

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