Investment Opportunity: A turnkey hospitality asset
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Perfect Hotel For First Time Buyers - QUALIFIES -100% DEPRECIATION
Excellent opportunity to acquire a well-established, nationally branded hotel located in Longview, Texas. Offered at $6,500,000, this 67-room property provides an attractive opportunity for an experienced hotel operator, investor, or owner/operator seeking an established hospitality asset in the growing East Texas market.
The hotel features comfortable guest accommodations, an indoor swimming pool, fitness center, meeting and business facilities, breakfast area, ample parking, and the operational infrastructure.
Strategically positioned within Longview’s primary hotel and commercial corridor, the property benefits from a diversified mix of corporate, healthcare, industrial, transportation, education, and leisure demand. Established corporate relationships provide an additional base of recurring business.
The property offers further upside potential through ADR optimization, additional corporate and group accounts, enhanced revenue management, increased meeting-space utilization, digital marketing, and operating efficiencies.
Ownership is selling as part of a strategic portfolio realignment and will consider seller financing for a portion of the purchase price for a financially qualified buyer, subject to acceptable terms and seller approval.
Asking Price: $6,500,000
The hotel features comfortable guest accommodations, an indoor swimming pool, fitness center, meeting and business facilities, breakfast area, ample parking, and the operational infrastructure.
Strategically positioned within Longview’s primary hotel and commercial corridor, the property benefits from a diversified mix of corporate, healthcare, industrial, transportation, education, and leisure demand. Established corporate relationships provide an additional base of recurring business.
The property offers further upside potential through ADR optimization, additional corporate and group accounts, enhanced revenue management, increased meeting-space utilization, digital marketing, and operating efficiencies.
Ownership is selling as part of a strategic portfolio realignment and will consider seller financing for a portion of the purchase price for a financially qualified buyer, subject to acceptable terms and seller approval.
Asking Price: $6,500,000
About the Business
- Years in Operation
- 11
- Franchise
- This business is an established franchise
- Facilities & Assets
- 67 guest rooms in a modern, limited-service hotel configuration
Approximately 41,808 SF of building area
Approximately 2.23-acre site
Constructed in 2015
Indoor heated swimming pool
Fully equipped fitness center
Meeting/event space suitable for corporate and small-group functions
Dedicated business center
Guest breakfast/dining area
Commercial kitchen/food-preparation and service areas
Hotel lobby, reception and guest lounge areas
On-site administrative and management offices
Laundry and housekeeping facilities
Elevator-served guest floors
Furniture, fixtures and equipment (FF&E) associated with hotel operations, subject to the final asset sale terms
Surface parking for hotel guests and employees - Market Outlook / Competition
- Established Market with Proven Demand — Longview North is strategically positioned within Longview's primary lodging corridor and benefits from diversified healthcare, industrial, energy, educational, retail, and corporate demand. Despite competition from multiple nationally branded hotels, the property has demonstrated exceptionally strong historical occupancy and benefits from established corporate business. Its combination of location, operating history, national branding, and potential seller financing creates a compelling acquisition opportunity for an owner/operator or hospitality investor.
- Opportunities for Growth
- Several opportunities for a new owner to enhance revenue through rate optimization, corporate account development, group business, and improved ancillary revenue.
Increase ADR: Strong occupancy provides an opportunity to evaluate rates and increase ADR while maintaining competitive positioning.
Expand Corporate Accounts: Build additional relationships with Longview-area healthcare, energy, manufacturing, construction, transportation, and industrial employers.
Meeting Space: Increase utilization of existing meeting/event facilities for local businesses and private functions
Digital & Direct Booking: Strengthen local SEO, social media, direct-booking initiatives, and loyalty-program.
Ancillary Revenue: Explore additional revenue from meeting-room rentals, upgraded room packages, vending/marketplace sales, and other guest services.
Operational Efficiencies: Identify opportunities to improve margins through payroll management, purchasing, utilities, insurance, and vendor negotiations.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
About the Sale
- Seller Motivation
- Ownership is divesting the property as part of a strategic portfolio realignment
- Transition Support
- Seller Transition Support: Seller will provide reasonable transition assistance to facilitate an orderly change of ownership.
Operational Handoff: Introduction to existing hotel management procedures, vendors, service providers, and key operational contacts.
Training Period: Seller is willing to negotiate a reasonable post-closing training and transition period for the right buyer. - Financing Options
- Seller financing may be available to a qualified buyer.
Listing Info
- ID
- 2549147
- Listing Views
Listing ID: 2549147 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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