CANNON INN | 3307 US Highway 90A E
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CANNON INN 3307 US Highway 90A E
54 Room Hotel Gonzales, TX 78629 $2,450,000 ($45,370/Room) 19.90% Cap Rate
Investment Highlights
- Mini Split A/Cs
- 54 rooms, office, managers apartment.
- Plumbing and Electric redone
Executive Summary
UNBELIEVABLE INVESTMENT OPPORTUNITY!!! 54 room hotel/weekly rentals. You choose. HUGE CASH FLOW!! This is a once in a life time opportunity to get into the hotel business! Managers unit with full kitchen. City water and sewer. NOW OPEN & BOOKING!! Recently updated, new a/c, new electrical etc… WILL GENERATE A 20%+ NET RETURN ON INVESTMENTS!!! MOTIVATED LENDER, FINANCING AVAILABLE, The business will generate a NET 20k/ month.
The property went through a major rehab almost 3 years ago... the property has suffered from neglect and mismanagement. There is a need for someone with experience in the hospitality business to run this. There is a growing need for weekly and monthly rentals in the area. Only 34 rooms out of 54 are furnished. The property has a great potential, perhaps schedule a walkthrough with your client.
LENDER'S LOST, YOUR GAIN!!!
Call us today 754-732-4557!
The property went through a major rehab almost 3 years ago... the property has suffered from neglect and mismanagement. There is a need for someone with experience in the hospitality business to run this. There is a growing need for weekly and monthly rentals in the area. Only 34 rooms out of 54 are furnished. The property has a great potential, perhaps schedule a walkthrough with your client.
LENDER'S LOST, YOUR GAIN!!!
Call us today 754-732-4557!
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,075,896
|
$34.76
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$454,404
|
$14.68
|
| Net Operating Income |
$621,492
|
$20.08
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $1,075,896 |
| Annual Per SF | $34.76 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $454,404 |
| Annual Per SF | $14.68 |
| Net Operating Income | |
|---|---|
| Annual | $621,492 |
| Annual Per SF | $20.08 |
Property Facts
| Price | $2,450,000 | Lot Size | 1.25 AC |
| Price Per Room | $45,370 | Building Size | 30,948 SF |
| Sale Type | Investment | No. Rooms | 54 |
| Cap Rate | 19.90% | No. Stories | 2 |
| Sale Conditions | Distress Sale | Year Built | 1960 |
| Property Type | Hospitality | Parking Ratio | 3.63/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C |
| Price | $2,450,000 |
| Price Per Room | $45,370 |
| Sale Type | Investment |
| Cap Rate | 19.90% |
| Sale Conditions | Distress Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.25 AC |
| Building Size | 30,948 SF |
| No. Rooms | 54 |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 3.63/1,000 SF |
| Corridor | Exterior |
Amenities
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Digital key
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 54 | $50.00 | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $964,580 | |
| Land Assessment | $69,320 | Total Assessment | $1,033,900 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$69,320
Improvements Assessment
$964,580
Total Assessment
$1,033,900
zoning
| Zoning Code | C-2 (Commercial) |
| C-2 (Commercial) |
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CANNON INN | 3307 US Highway 90A E
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