2616 Northwest Loop 323, Tyler, TX 75702
126 Room Hotel | Tyler, TX 75702 | $4,490,000 ($35,635/Room)
For Sale
Active
Asking Price $4,490,000
- Property Type
-
Hospitality
- Square Feet
- 45,143 SF
Listing Contacts
- Property Info
Property Overview
The Super 8 in Tyler, Texas is listed exclusively with Tabani Realty. The hotel has 126 guestrooms with 2 buildings with exterior corridors. The hotel was built in 1973 and most recently renovated in 2020. The Super 8 offers free parking, free WIFI, and free breakfast. There is also an outdoor pool, a fitness center, and a business center. Each guest room comes with a coffee/tea maker, a microwave, and mini-refrigerator. Overall, the hotel has good guest reviews and is ranked highly as a place to stay in Tyler.
For the years of 2021-2022, the hotel is currently being leased out. The monthly rental income that the seller receives is $25k per month. The new owner has the option to continue to carry out this leasing arrangement or to end the lease terms with a 30 day notice and start running the property. Additionally, there is a bar included in the sale that is currently leased out for $60,000 per year.
For the years of 2021-2022, the hotel is currently being leased out. The monthly rental income that the seller receives is $25k per month. The new owner has the option to continue to carry out this leasing arrangement or to end the lease terms with a 30 day notice and start running the property. Additionally, there is a bar included in the sale that is currently leased out for $60,000 per year.
Property Details
- Class
- C
- Year Built
- 1973
- Stories
- 2
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 142,441 SF
- Units
- 126
Highlights
- Renovated in 2020
- Located at intersection of 2 main highways
- Close to local popular attractions
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