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Holiday Inn Express & Suites- Ready for NEW OWNER

Chambers County, TX
Main
Asking Price:$6,900,000
Inventory:$200,000
Gross Revenue:$1,600,000
FF&E:$200,000
Listing ID: 2310915Listing provided by BizBuySell
BUSINESS DESCRIPTION

Own Updated Holiday Inn Express with high revenue & NOI in Prime Texas Location

Discover a prime investment opportunity in the heart of Winnie, Texas! This Holiday Inn Express & Suites is strategically located off Interstate 10, offering unparalleled visibility and traffic flow. Built in 2010 and recently renovated with over $2.2 million in updates in 2024, this property is a turnkey asset for savvy investors.

Key Property Highlights:
?? 66 Guest Rooms: Including a manager's apartment for on-site convenience.
?? Amenities: Fully equipped gym, swimming pool, and meeting room.
?? Modern Design: Features Formula Blue 2.0, IHG's latest streamlined guest experience standard.
?? Franchise Agreement: Locked in for 15 years with no PIP required.
?? Revenue Generator: $1.6M gross revenue in 2024.

This property is perfect for investors looking to expand their portfolio in the hospitality industry with a reliable and profitable asset.

DETAILED INFORMATION
Location
Chambers County, TX
Inventory
Included in asking price
Real Estate
Owned
Building SF
40,171
Employees
7
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
In 2024, the property underwent a comprehensive $2.2 million upgrade to enhance its facilities and align with modern hospitality standards. Guest Accommodations: 66 guest rooms, including a manager’s apartment to ensure on-site convenience and operational efficiency. Amenities: Fully equipped gym for fitness enthusiasts. A meeting room designed for business events and gatherings. A swimming pool to provide guests with relaxation and leisure opportunities. Modern Design Standards: The property features Formula Blue 2.0, the latest IHG design standard,
Competition
This property stands out as a top-performing asset in the local market, offering unparalleled rates and exceptional performance metrics.
Growth & Expansion
The property presents significant revenue growth potential, as it was remodeled last year but has not yet been operated at full capacity. It remains a stable and reliable asset with opportunities for increased profitability.
Financing
We can share lender information that assisted seller in purchaing this property.
Support & Training
The seller is willing to assist with securing financing and obtaining approval from the Holiday Inn group. Over the past six months, the hotel has been self-managed, showcasing its operational independence. The owner is available to support the new operator in becoming familiar with hospitality operations or to facilitate a smooth transition for an experienced one.
Reason for Selling
Seeking to acquire a larger asset to expand investment portfolio
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Kate
Myhan
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Kate Myhan
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