Yu Bijlani Hospitality

Bank REO – Best Western Hotel & Convention Center

admin — Fri, 17 May 2013 18:28:45 +0000

Bank Foreclosed Property
100 Room, 3 Story, Interior Corridor, Full Service Hotel and Convention Center
25,000 Square Feet of Convention and Meeting Space, 7,000 Square Feet of Pre-Event Gallery Space
65.2 RevPAR Index from March 2013 Monthly STAR Report
Built In 2008 on 16.03 Acres of Land In a Wooded Setting
Fixed Best Western Membership Dues
In House Restaurant, Bar with Outdoor Deck Seating
Sandwich is 60 Miles from Chicago and 18 Miles from Aurora, the Second Largest City in Illinois with a Population over 200,000.
Official Hotel of Raging Waters, Illinois’s Largest Waterpark Located 7 Miles Away

Oakbrook Terrace Office

George Arvanitis

Phone: 630-570-2200 | Email: George.arvanitis@marcusmillichap.com

3.32X RRM La Quinta Inn & Suites Port Arthur

admin — Thu, 16 May 2013 20:28:49 +0000

63 room, interior corridor, limited service La Quinta Inn & Suites
Priced at 3.32 RRM based on April 2013 trailing 12 months room revenue of $1,488,830
2012 room revenue increased 14.65% compared to 2011 room revenue
Absentee owner with low operating margin, unique opportunity for owner/operator to purchase a strong flag in an oil/gas market and reduce expenses
Port Arthur, TX market is in the midst of another boom with two main projects: Cheniere $5.6 Billion Sabine Pass LNG expansion project and Keystone Pipeline Gulf Coast project.
Located at Highway 69 and Jimmy Johnson Boulevard in Port Arthur, TX (five mile radius population over 100,000) – 1.5 hours east of Houston
Located seven miles from the Motiva Port Arthur refinery with crude oil capacity of 600,000 barrels per day, making it the largest refinery in the United States
La Quinta Inn & Suites transfer PIP available for new buyer

Bank Short Sale – Best Western Plus Salado

admin — Wed, 08 May 2013 17:03:18 +0000

Bank Approved Short Sale
41 room, interior corridor, four story, limited service hotel
Located on Interstate 35, 1 Hour North of Austin, TX and 15 Minutes from Temple, TX
2012 Room Revenues Up 20.19% Compared To 2011
February 2013 Trailing 12 Months Room Revenues at $506,712
Built in 2009 and is situated on 1.60 acres of land
Fixed Best Western Membership dues
On site two bedroom, one bath living quarters
Ideal For Owner Operator

2.77X RRM Best Western Sonora

admin — Thu, 02 May 2013 17:31:57 +0000

54 Room, Exterior Corridor, Best Western
Built in 2000
Located on Interstate 10, 170 Miles from San Antonio and 65 Miles from San Angelo
Priced at 2.77X March Trailing 12 Months Revenue of $1,517,000
Automatic Best Western Transfer with Low Fee
Most Recent Inspection Score of 922
Two Bedroom on Site Living Quarters
The Ports to Plains Corridor is a Highway Route from Laredo to Denver that Helps Expedite the Transportation of Goods from Mexico to the United States and Runs through Sonora
Due to The Rocky Terrain, Sonora has very Little Land Available for New Construction

Under Performing Econo Lodge Wichita Falls, TX

admin — Thu, 02 May 2013 17:28:25 +0000

110 Room Exterior Corridor, 1985 Construction Econo Lodge

Priced at 3.26 Times March Trailing 12 Months Revenue

Below replacement cost at $20,000 a room

The Econo Lodge is underperforming the competitive set with a 66.2 RevPar Index in the March 2013 Monthly STR Report

Property is located on Highway 287 near downtown Wichita Falls

Strategically Located next to Wichita Falls General Hospital

The property is next door to Wichita Falls General Hospital, two miles from Sheppard Air Force Base, and 3.9 miles from Midwestern State University

Sheppard Air Force Base is the largest employer in the city with over 12,000 employees

Hampton Inn & Suites Houston

admin — Wed, 01 May 2013 19:20:27 +0000

30% Cash Return Ambassador Inn Texarkana

admin — Wed, 17 Apr 2013 15:45:27 +0000

100 Room, Exterior Corridor, 2 Story Limited Service Hotel
Strategically Located on Interstate 30, 3 Hours East of Dallas, 2.5 Hours West of Little Rock, 3 South of Fort Smith, and 1.5 Hours North of Shreveport
Priced at 2.92X March 2013 TTM Room Revenue of $547,423
Priced at 13.54% CAP Rate and 30.53% Cash-on-Cash Based on March 2013 TTM P&L.
Priced Below Replacement Cost at $16,000 Per Room
Located in Close Proximity to Several Major Employers Including Red River Army Depot (Manufacturers / 5,500 Employees), Christus St. Michael Health System (General Medical Hospital / 2,055 Employees), Cooper Tire & Rubber (Manufacturer Of Passenger Tires / 1,700 Employees), Walmart / Sam’s Club (Discount Stores / 1,100 Employees), Domtar, Inc. (Fine Finished Papers / 940 Employees), and Texarkana, AR School District (Primary And Secondary Education / 785 Employees)

YU BIJLANI HOSPITALITY AT Marcus & Millichap Sells a 79 ROOM HOSPITALITY Building

admin — Tue, 16 Apr 2013 18:13:33 +0000

GIDDINGS, TX, April 10, 2013 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Ramada, a 79 room Hotel located at 4002 East Austin Street in Giddings, TX, according to David H. Luther, Vice President/Regional Manager of Marcus & Millichap’s Houston office. The asset commanded a list price of $1,950,000.

Michael Yu and Rahul Bijlani, Senior Directors of the National Hospitality Group, and Dennis Drake, an investment specialist in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer, a private investor, was also secured and represented by Bijlani, Yu, and Tyler Bean, an investment specialist in Marcus & Millichap’s Ft. Worth office.

This sale represents the 23rd hotel transaction the Yu-Bijlani Hospitality team has closed in the last 12 months. They currently have six hotels in escrow and 20 listings spread across Texas, Louisiana, Arkansas, and Oklahoma.

2.81X RRM Holiday Inn Express – 1 Hour from Houston

admin — Thu, 04 Apr 2013 16:26:43 +0000

60 Room, Interior Corridor Holiday Inn Express & Suites
Priced at 2.81 Times April 2013 Trailing 12 Months Room Revenue of $1,137,607
1999 Construction
35% Increase in April 2013 YTD Room Revenues Compared to Same Period Last Year
21.84% Increase in 2012 Room Revenues Compared to 2011
Priced Below Replacement Cost at $55,000 Price per Room
Extensively Renovated in 2011 With Holiday Inn Express Relaunch
Located in Close Proximity to Several Demand Generators and Restaurants

Below Replacement Cost Motel 6 Bentonville, AR

admin — Mon, 01 Apr 2013 16:46:28 +0000

103 Rooms, Interior Corridor, Two Story Hotel
Priced At 3.54 Times Year One Pro Forma Room Revenues
Offered Below Replacement Cost At $22,330 Per Room
Wal-Mart Global Headquarters Is 2.5 Miles Away
Recently Been Renovated Over The Last Year With Significant Capital Improvements
Conveniently Located Off Of I-540 On Southeast Walton Boulevard, Approximately 25 Miles From Fayetteville, Arkansas
The 41,025 Square Foot Building Was Built In 1998 And Is Situated On 4.01 Acres Of Land

Contact:

Arkansas Office

Clarence Cropper

Phone: 501-228-9600 | Email: cj.cropper@marcusmillichap.com