1100 11Th StQuanah, TX 79252

Property Details for 1100 11Th St

Year built

1940

Lot size

1.93 AC

Property size (Sq ft)

980 SF

Property type

Commercial real estate

APN

6698

APU

6698

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $153,386

  Hospitality

  $140,501

  Educational

  $116,895

  Medical

  $120,915

  Retail

  $181,837

Location Insight

City

Quanah

County

Hardeman

State

Texas

Latitude

34.2868

Longitude

-99.7294

Property Tax & Assessments

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