1128 Central FwyWichita Falls, TX 76306

This exceptional investment opportunity presents a 139-key La Quinta Inn & Suites located in Wichita Falls, Texas. The property boasts 49,996 square feet across two buildings and two stories, situated on a 2.98-acre lot. Built in 1972 and renovated in 2014, the hotel features interior corridors and benefits from a prime location directly on I-44, a major thoroughfare with high traffic volume. Its proximity to the Wichita Falls Sports Complex further enhances its appeal and potential for increased occupancy. The asking price is $2,900,000, representing $20,863 per key and a compelling 11.42% cap rate with a current NOI of $331,280. The property is zoned for commercial use and presents a significant opportunity for a new owner to implement cost-cutting measures and revenue-generating strategies, given its current operational status. The hotel's current performance indicators, such as ADR and RevPAR, are below market comparables, indicating substantial upside potential. The property's affiliation with the Wyndham brand offers flexibility for future rebranding within the Wyndham family of hotels. This is a rare chance to acquire a well-located, established hotel with significant potential for improved profitability. The property is offered free and clear of any ground lease.