996 E Interstate 30 - Hospitality FOR SALE


Rockwall, TX 75087
$5,800,000 USD
862-703-8928
996 E Interstate 30, Rockwall, TX for Sale
$5,800,000 USD
Hospitality - FOR SALE
1/23
null | 9.4% Cap Rate

996 E Interstate 30
Rockwall, TX 75087


HIGHLIGHTS

  • Easy accessibility
  • Stable Revenues
  • Minimum PIP
  • Property in Excellent condition

OVERVIEW

A rare opportunity to acquire 60- Room Best Western Plus near Lake Ray Hubbard in Rockwall, TX. This hotel is very well managed and maintained by one owner for the last 15 years! Ideal for owner operator of first-time buyer This property qualifies for “Auto Transfer” for Best Western franchise with monthly fixed fees under $4000/-. The new owner will have a minimal PIP. • Proven Revenue Generation: For the last 14 years the hotel has maintained excellent occupancy between 64% to 75% with revenue 1.4 Mil to 1.70MIl in peak times. With 3 new hotels opened in the last 3 years, sales has a stabilized revenue of $1.350 Mil. Asking $96,666/- per key. • Strategic Location & Demand Drivers- Ideally Located off Interstate 30, situated in the heart of Rockwall, offering easy access to Lake Ray Hubbard, the popular Harbor Rockwall entertainment district, Rockwall Technology Park, ongoing The Sapphire Bay/ Marina development in Rockwall, TX, is a $1 billion mixed-use community with a resort, lagoon, and surf village project Rowlett, major restaurant and shopping within walking distance or within a mile. • Growth Potential: Rockwall is a rapidly growing community with a strong tourism sector as well as corporate & sports team businesses. A thriving local economy, presenting significant opportunities for future growth, increased profitability and a market with significant potential for future appreciation and revenue growth. PLEASE CONTACT- ANU TO MAKE APPOINTMENT, DO NOT GO TO PROPERTY UNANNOUNCED.

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$168 USD /SF

# OF ROOMS

60

PRICE/ROOM

$96,667 {currency}

CAP RATE

9.4%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western Plus Rockwall Inn & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2000

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

Commercial

APN/PARCEL ID

47574

ASK ABOUT THIS PROPERTY

Anu ChauhanJAGH Hotels, LPMore Info
862-703-8928

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Anu ChauhanJAGH Hotels, LPMore Info
862-703-8928

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