2095 11Th StBeaumont, TX 77703

Property Details for 2095 11Th St

Year built

1980

Lot size

4.36 AC

Property size (Sq ft)

43,095 SF

Property type

Hospitality properties

Property subtype

Motels

APN

034700-000-000500-00000

APU

3470000000050000000

Description

This exceptional 161-unit Holiday Inn, situated on a 4.36-acre lot in Beaumont, Texas (77703), presents a compelling value-add investment opportunity. Boasting 115,571 square feet across six stories, this full-service hotel underwent a significant $15 million renovation between 2016 and 2018, with additional updates in 2006, 2009, and 2012. The property features 131 single rooms and 30 suites (a mix of two and three-bedroom units), along with a range of amenities including the Red River Bar & Grille, three meeting rooms, a sundry store, fitness center, guest laundry, business center, and an outdoor pool. Conveniently located near Beaumont's Medical Center and downtown, the hotel benefits from strong demand driven by the region's petrochemical and oil & gas industries. The property includes approximately 285 parking spaces and enjoys excellent visibility from North 11th Street. The existing Holiday Inn franchise agreement extends to 2027. The hotel generated $2.5 million in gross income in 2023. This property is not located in a flood zone and has no deferred property improvement plan (PIP). A 2019 appraisal valued the property at $20 million. Asking price is $14,000,000.

Location Insight

City

Beaumont

County

Jefferson

State

Texas

Latitude

30.0977

Longitude

-94.1311

CBSA code

13140

CBSA name

BEAUMONT-PORT ARTHUR, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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