Red Roof Inn


Price:
$3,800,000

Address :
400 SW H. K. Dodgen Loop
Temple, TX 76504


  •  Excellent location, adjacent to Baylor Scott & White Medical Center, in Temple’s Medical and Educational District
  •  Subject property running significantly lower than the COMP set with great room to improve in ADR, OCC, and RevPAR
  •  Opportunity for new management to increase by at least 40%-50%
  •  September 2021 Revenue has increased over January 2021, and continues to climb
  •  SBA financing candidate
  •  2,800 sq. ft. 3-bedroom apartment
  •  Offered at discount to replacement cost
  •  Full PIP completed in 2020; limited renovations costs expected
    View Map    View Aerial
  •  Located just off US 190 in the heart of Temple
  •  Adjacent to Baylor Scott & White Medical Center in Temple’s Medical & Education District
  •  Only 5 miles from Bell County Exposition Center, home to the Central Texas State Fair and other special events
  •  Close to Regional Demand Generators:
    •  Baylor Scott & White Medical Complex
    •  Temple College
    •  Olin E. Teague Veterans’ Medical Center
    •  Everest Rehabilitation Hospital
    •  Bell County Exposition Center
    •  Mayborn Convention Center
    •  Temple Railroad and Heritage Museum
    •  Czech Heritage Museum and Genealogy Center
    •  Sports Tournaments
    •  Fort Hood
  •  100 Rentable Units (111 Keyed Units)
  •  2 Stories, Exterior Corridor
  •  Wood Frame Construction
  •  Stucco Façade
  •  Asphalt Shingled Roof
  •  Asphalt Parking Lot
  •  Wireless Internet
  •  Guest Laundry
  •  Breakfast Area
  •  Meeting Room
  •  Seasonal Outdoor Pool
  •  Truck Parking
  •  2,800 sq. ft. 3-Bedroom Apartment
  •  Built in 1971
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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Financials
2019
2020
T-12Mos 10/21
Occupancy
17.80%
26.98%
53.5%
Average Daily Rate
$55.85
$51.30
$64.95
Room Revenue
$362,967
$506,500
$700,004
Net Operating Income
$73,825
$29,754
$110,960
Property performance was affected in December 2018 - September 2019 due to full renovations, and again in March 2020 due to COVID-19 restrictions
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!