1100 11Th St Quanah, TX 79252

This fee-simple, 50-key SureStay Plus Hotel in Quanah, Texas presents a compelling investment opportunity. Built in 2005, this two-story, 34,359 square foot hotel boasts spacious, oversized rooms and is the only branded, interior-corridor hotel in the area, ensuring minimal competition. The property sits on a 0.64-acre lot at 1100 W 11th St, 79252, offering convenient access to local attractions, dining, and shopping. Currently operating with a 47% occupancy rate (as of December 31, 2023), the hotel generates a Net Operating Income (NOI) of $186,990, with a pro-forma NOI projected at $250,000. The asking price is $2,500,000, representing a current cap rate of 7.48% and a pro-forma cap rate of 10.00%. This stabilized investment offers significant upside potential in a growing Texas market. The property is offered as a fee simple ownership with no ground lease. Further details regarding the property's financial performance and operational data are available upon request. This is a rare opportunity to acquire a well-positioned hotel in a market with limited competition. The property's strong fundamentals and growth potential make it an attractive addition to any hospitality portfolio.