Comfort Inn & Suites


Price:
$8,450,000

Address :
404 S Interstate 35 East Service Rd
Red Oak, TX 75154


  •  Click Here To Fill Out CONFIDENTIALITY AGREEMENT
  •  Hotel is within the DFW area.
  •  Consistent operating performance both in terms of revenues and profitability.
  •  Net Operating Income consistently over 39% for last 3 years.
  •  Physical asset in great Condition.
  •  11.02 Cap Rate based on December 2016 year end Net Operating Income.
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  •  The population in Red Oak has more than tripled since 1990. This trend is expected to continue in coming decades, with the 2030 population projected to be 63,329.
  •  Situated in Red Oak’s Commercial Corridor
  •  Close to Regional Demand Generators, Including...
    •  10 Miles to Waxahachie Civic Center
    •  14 Miles to Scarborough Renaissance Festival
    •  20 Miles to Joe Pool Lake
    •  21 Miles to Texas Motorplex
    •  28 Miles to Six Flags Over Texas
    •  36 Miles to DFW International Airport
  •  97 Rooms
  •  Breakfast Area (Seats 32)
  •  Meeting Space (Seats 50)
  •  Business Center
  •  Guest Laundry
  •  Fitness Center
  •  Seasonal Outdoor Pool
  •  Wireless Internet
  •  2 Stories & 4 Stories
  •  Interior Corridors
  •  Wood Frame Structure
  •  Stucco & Brick Facade
  •  Pitched, Shingle Roof
  •  Concrete Parking Lot
Financials
2014
2015
2016
Occupancy
92.48%
86.95%
85.44%
Average Daily Rate
$62.58
$63.63
$67.53
Room Revenue
$1,390,999
$1,712,107
$2,059,897
Net Operating Income
$556,362
$736,803
$931,288
Monthly operating statistics are calculated on a cash basis and will not match completely with sales figures presented in the income statement.
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!