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Kings Inn 1907 Lamar Ave 50 Room Hotel Paris, TX 75460 $3,226,762 CAD ($64,535 CAD/Room) 13.88% Cap Rate
Investment Highlights
- Fee Simple Interest in the 50-Unit, Two-Story, Limited-Service Independent Hotel, very easy to operate & ideal size for an Owner-Operator
- Strategic location along one of Paris’s primary commercial corridors, providing strong traffic exposure and access to retail and dining
- Comfortable guest accommodations, featuring air-conditioned rooms with private bathrooms, wardrobes, work desks, microwaves, and dining tables
- Priced at 13.8% CAP Rate based on Dec 2024 Revenues with NOI of $326,190
- Prime Location: Located 93 mi from Texarkana Regional Airport and 112 miles from Dallas Fort Worth International Airport (DFW)
- Essential on-site amenities, including complimentary WiFi, a 24-hour front desk, free private parking, and convenient ground-floor room access
Executive Summary
OWNER FINANCE AVAILABLE ON 1ST LIEN POSITION ONLY
Property Facts
| Price | $3,226,762 CAD | Building Size | 17,444 SF |
| Price Per Room | $64,535 CAD | No. Rooms | 50 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 13.88% | Year Built | 1950 |
| Property Type | Hospitality | Parking Ratio | 2.06/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 2.73 AC | ||
| Zoning | F1 | ||
| Price | $3,226,762 CAD |
| Price Per Room | $64,535 CAD |
| Sale Type | Investment |
| Cap Rate | 13.88% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.73 AC |
| Building Size | 17,444 SF |
| No. Rooms | 50 |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 2.06/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | F1 |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 50 | $46.69 CAD | - |
1 1
Property Taxes
| Parcel Number | 17430 | Improvements Assessment | $1,481,615 CAD |
| Land Assessment | $239,865 CAD | Total Assessment | $1,721,480 CAD |
Property Taxes
Parcel Number
17430
Land Assessment
$239,865 CAD
Improvements Assessment
$1,481,615 CAD
Total Assessment
$1,721,480 CAD
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Kings Inn | 1907 Lamar Ave
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