200 Centennial BlvdLindale, TX 75771

For Sale
$5,800,000
65-Key Hotel, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
126
This 65-key Comfort Suites hotel in Lindale, TX, presents a compelling investment opportunity. Built in 2008, this three-story, 48,016 square foot property sits on a 2-acre lot (APN: 14754-0000-00-0001000) and boasts a strong 9.09% cap rate with a current NOI of $575,778. The hotel's occupancy stands at 61.29%, showcasing significant year-to-date growth in 2024, exceeding competitive set growth. While a previous management challenge impacted 2023 ADR, a recent increase to $87.98 and an 8.1% rise in RevPAR demonstrate market resilience and recovery. A minimal property improvement plan (PIP) estimated at $50,000-$75,000 offers potential for further growth under new ownership. The hotel's strategic location in Lindale, near Tyler, TX, provides easy access to major cities including Dallas (90 miles), Shreveport, LA (100 miles), and Longview, TX (35 miles), enhancing both business and leisure travel opportunities. This property offers a strong foundation for a profitable hospitality investment with significant upside potential. The asking price is $5,800,000.

Highlights

  • $5,800,000 asking price.
  • 65-key Comfort Suites hotel in Lindale, TX.
  • 48,016 square feet on a 2-acre lot.
  • 9.09% cap rate with a $575,778 NOI.
  • 61.29% occupancy; significant growth projected for 2024.

Property Details for 200 Centennial Blvd

Property type
Hospitality properties, Hotels
Square Feet
48,016 SF
Year Built
2008
Buildings
1
Stories
3
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Lindale
County
Smith
State
Texas
Latitude
32.473859
Longitude
-95.3935739
200 Centennial Blvd, Lindale, Texas

FAQs

What type of property is this?
Hospitality property - 65-Key Hotel, High ROI Potential
Where is the hospitality property located?
The property is located at 200 Centennial Blvd Lindale, TX.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: $5,800,000 asking price.; 65-key Comfort Suites hotel in Lindale, TX.; 48,016 square feet on a 2-acre lot.
How can I contact the broker?
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200 Centennial Blvd
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