Comfort Suites Austin Airport

  • 84 room four story property, Located on Highway 71, less than a mile from Austin Airport and around 5 miles from downtown Austin
  • The hotel is currently under performing at a 63.1 RevPAR penetration index for the month of July 2016.
  • Strong revenue over the last twelve months of over $2.1 million with a net income of around $900 thousand.
  • Among cities with populations over 1 million, Austin is the fastest growing in the United States.
  • Austin-Bergstrom International Airport is currently undergoing a $350 million expansion that is expected to increase annual passenger capacity to 15 million.

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Comfort Suites William P. Hobby Airport

  • Ideal opportunity to purchase an interior corridor, three story, limited-service hotel that was built in 2008. The current owner has completed approximately $300,000 in PIP work in the years 2013 and 2014 (contact broker for more details)
  • The Hotel's trailing 12-Month July 2016 room revenue is $1,612,438 with a Pro Forma NOI of $567,449
  • The Hobby Airport area is projected to experience strong economic growth due to the addition of a new international terminal at Hobby Airport and a vast revitalization of the area conducted by the city of Houston. Despite low oil prices affecting the rest of the Houston market, the Hobby airport market has remained resilient.

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Country Inn & Suites and Conference Center

  • Stable Room Revenue History. The hotel is a mature asset with a consistent room revenue performance historically, with the last three years average of $2,334,442.
  • Low RRM. Based on the May 2016 trailing twelve months’ room revenue, the hotel is attractively priced at a 2.74 room revenue multiplier (RRM).
  • Recently Renovated. The current owner recently completed renovations to the exterior of the hotel and to the breakfast area/lobby.
  • High Operating Expenses. Based on the May 2016 TTM financials, the hotel is currently operating at a $550,525 net operating income based on $2,801,460 in gross revenue, which is a 19.7% margin. This presents an excellent opportunity for an aggressive operator to come in and reduce the expenses in order to increase the cash-flow. The normal operating margin for similar hotel is between 30 – 35%, which is what the pro-forma is based on.
  • Conference Center. The hotel features a state of the art conference center with 6,600 square feet of meeting space – Pineville Convention Center, which can host up to 500 guests for conventions, conferences and elegant banquets. Downtown Alexandria is currently revamping their convention center in preparation for the returning group business. Based on the May 2016 TTM financials, the conference center turned a profit of $197,772.

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Best Western & Conference Center

  • Below Replacement Cost Opportunity. The hotel is attractively priced well below replacement cost at $34,759 per room.
  • Low RRM. Based on the May 2016 trailing twelve months’ room revenue, the hotel is attractively priced at a 2.27 room revenue multiplier (RRM).
  • Recently Renovated. In 2015, the hotel completed a $2,000,000 renovation based upon the design review from Best Western (see the VDR for the design review and renovation list). A new owner can expect a minimal renovation cost upon transfer of ownership.
  • Rental Income from Leased Restaurant. The current owners lease the well-recognized Cajun Landing restaurant located on the same tract of land as the hotel. Cajun Landing is ranked #2 of 126 restaurants in Alexandria with a 4.5 star ranking on TripAdvisor with 324 reviews. The restaurant gives an annual rental income of $54,000.
  • Conference Center. The hotel features a state of the art conference center with over 15,000 square feet of meeting space, the second largest amount of meeting space of any other hotel in the market. Downtown Alexandria is currently revamping their convention center in preparation for the returning group business. The Best Western’s conference center will make it an ideal choice for guests when holding a smaller event in Alexandria.

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Comfort Suites Dallas/Plano

  • The hotel is a newly renovated Comfort Suites located in the highly desirable North Dallas market of Plano, TX, with a population of approximately 270,000
  • The hotel’s location is in one of the fastest growing markets in the entire DFW Metroplex. The property is less than one mile from the newly built State Farm Regional Headquarters in Richardson, TX.
  • For the current year-to-date period through July 2016, the hotel’s revenue has increased approximately 23% compared to the same period in 2015.
  • The hotel is located minutes from demand generators such as Toyota Headquarters in Plano, The Dallas Cowboys Headquarters in Frisco, State Farm complex in Richardson, Raytheon complex in Richardson, and Barclays Bank in McKinney.
  • The Dallas/Fort Worth metro area added about 145,000 residents through 2015, the second largest gain of any metro areas in the United States.
  • Priced at a 10.46% CAP Rate based on a May 2016 TTM NOI of $836,790.

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YB Intel

YB Intel
Data for Decisions: Texas Hotel Revenues and REVPAR Statistics – Visualize Trends by Hotel, City, Zip Code and Franchise.

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