Texas Hotel for Sale - Hampton Inn Center

The Hampton Inn & Suites for sale is a brand new, 66 unit, limited-service hotel located in Center, Texas. The hotel opened on May 5, 2011 and boasts an actual Year-to-Date Occupancy of 112% at an ADR of $128.91 through September 30, 2011. The 2011 year end revenue is projected to be $2,227,000, approximately $30,700 per key.

The Hampton Inn & Suites Center, Texas is projected to increase revenues in its first full year to $2,790,000 delivering an impressive 54% NOI and generating a cash-on-cash return of approximately 65% based on 20% down, due to the property size.

The brand new, three-story, interior corridor Hampton Inn & Suites was built to the latest Hampton Inn standards including the Perfect Lobby, State-of-the-Art In Room Entertainment center divider in all suites, granite counter tops, the latest Fitness Center, gift shop, 37 inch LCD flat panel televisions, swimming pool and spa. This property requires ZERO upgrades for years to come and ZERO transfer PIP.

The 66 guest room hotel is offered at $7,950,000 which equates to 19% CAP Rate and a gross multiplier of 2.84 times.

>Further Information<

Comments

[Visit2odessa Seo]

There are so many places on earth, so choosing the top destinations is really up to personal preference. Depending on whether you like tropical places, or rainy locations, or camping, or hiking, there are so many options to choose from.

http://www.visit2odessa.com/