Majestic "Lake Resort Residential Living Retrofit"w/126 Rooms/240 Beds

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Business Description

This beautiful Luxury Lake Resort "turn key" property is a perfect "RETROFIT" for Behavioral Healthcare Residential Treatment. It is built on a 10 acre campus with over 200,000 SF of space. Located in an unincorporated part of the county, the building restrictions are generally less stringent than a city municipality. It has all the bells and whistles. It is currently operating as a profitable hospitality concern.
Located in North Texas (Dallas/Fort Worth area) about an hour drive from a major international airport, it is only 15 minutes away from a Hospital/ER.
With 120 completely renovated guest rooms (including new furniture) with beautiful lake views! It can accommodate up to 240 beds. It has 3 swimming pools, hiking trails, basketball courts, horseback, health spa, workout facility, game room, 13,000 SF of conference space, meeting rooms, and much more. Activities galore!
The cost per bed is far below the national average for this type of facility! The estimated replacement cost is estimated close to $36 MM.
Perfect for "Behavioral Healthcare" , over 55 "Active Senior Living", plus other residential Healthcare uses.
* This is a Principal to Principal "Private" Sale! No Seller Fees! No Real Estate Brokers/Agents!!!

About the Business

Location:
Texas
Year Established:
1979
Real Estate:
Owned
Building Sq. Ft.:
150,000
Facilities:
Facilities are well maintained. Beautifully manicured landscape. This resort is surrounded by rolling hills and lush landscape on a lake setting with beautiful vistas!
Market Outlook/
Competition:
Very limited competition in the area! Great market with "niche" presence!
Growth & Expansion:
Unlimited growth potential! This is a "unique" property in a spectacular setting.
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About the Sale

Reason For Selling:
Owner "retiring" after 24 years of ownership!

Listing Info

ID:
1497785
Ad Detail Views:
1208
Asking Price:
$19,000,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$30,000,000
included in asking price

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Business Listed by

Steven Denn

The Steven H. Denn Company

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