Best Western Plus Flatonia Inn
51 Room Hotel | Flatonia, TX 78941 | $5,100,000 ($100,000/Room)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,100,000
- Property Type
-
Hospitality
- Square Feet
- 35,367 SF
Listing Contacts
Rav Singh
Verified Profile
- Property Info
Property Overview
The Best Western Plus is a 51-room, interior corridor, midscale hotel located in Flatonia, Texas. This investment provides an opportunity to acquire a newly constructed property with excellent brand recognition in the heart of a high revenue growth market. Opened in March 2015, this hotel provides all new, modern amenities. Common area amenities include a large meeting room, board room, business center, fitness room, spacious great room with fireplace, storage/baggage area and guest laundry area.
The Best Western Plus in Flatonia is offered as a turnkey investment opportunity. This hotel was constructed with both Hotel Owners and Guests in mind; construction quality and FFE is above what is required from Best Western. The hotel benefits greatly from its central IH 10 location, annual Union Pacific Railroad inspections, county and city festivals and transient business. Aggressive owner operators will be able to ramp up revenues and implement an expense management program.
The Best Western Plus in Flatonia is offered as a turnkey investment opportunity. This hotel was constructed with both Hotel Owners and Guests in mind; construction quality and FFE is above what is required from Best Western. The hotel benefits greatly from its central IH 10 location, annual Union Pacific Railroad inspections, county and city festivals and transient business. Aggressive owner operators will be able to ramp up revenues and implement an expense management program.
Property Details
- Class
- B
- Year Built
- 2015
- Stories
- 3
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 115,434 SF
- Units
- 51
Highlights
- Fee-Simple Interest in the 51-Room, 3-Story, BW-Branded Hotel Built in 2015
- Easily Accessible and Highly Visible from Interstate 1-10
- Perfect for Owner - Operator or First Time Buyer Provides Upside Potential in Revenue Growth, Expense Management, and Operational Efficiencies
- Based on 2023 Revenue Figures and Annualized Expenses, the Hotel is Currently Operating Slightly Above 35+% Profit Margin
- YTD 2023 Revenue of $1,181,000 Represents a 20+% YoY Increased from 2022 Revenue
- Cost Segregate and Accelerate Depreciation to Lower Your Tax Liability and Increase Cash Flow
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