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Wingate by Wyndham Longview North 615 City Center Way 67 Room Hotel Longview, TX 75605 $8,873,487 CAD ($132,440 CAD/Room) 9.69% Cap Rate
Investment Highlights
- Priced to sell | Motivated Seller
- Excellent Condition | Minimal PIP
- 9.39% CAP | Occupancy maintained over 87% PLUS for the past 4 years
Executive Summary
The hotel is operating at High stabilized performance levels with strong operational discipline and efficient cost controls.
The Hotel has maintained strong corporate account business over many years; an agreement which renews every three years.
MANAGEMENT: This is a High Cash-Flow Asset. The Hotel is easy to manage, however should the Buyer choose not to manage, the seller is willing to manage the Hotel for the Buyer to maintain stable, long-term profitability.
The Hotel has maintained strong corporate account business over many years; an agreement which renews every three years.
MANAGEMENT: This is a High Cash-Flow Asset. The Hotel is easy to manage, however should the Buyer choose not to manage, the seller is willing to manage the Hotel for the Buyer to maintain stable, long-term profitability.
Property Facts
| Price | $8,873,487 CAD | Lot Size | 2.23 AC |
| Price Per Room | $132,440 CAD | Building Size | 41,808 SF |
| Sale Type | Investment | No. Rooms | 67 |
| Cap Rate | 9.69% | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 2015 |
| Property Subtype | Hotel | Parking Ratio | 1.89/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | C-1 - Real Commercial | ||
| Price | $8,873,487 CAD |
| Price Per Room | $132,440 CAD |
| Sale Type | Investment |
| Cap Rate | 9.69% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.23 AC |
| Building Size | 41,808 SF |
| No. Rooms | 67 |
| No. Stories | 3 |
| Year Built | 2015 |
| Parking Ratio | 1.89/1,000 SF |
| Corridor | Interior |
| Zoning | C-1 - Real Commercial |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 20 | $130.99 CAD | - |
| Guest Room | 47 | $123.95 CAD | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 1185180 | Improvements Assessment | $9,015,152 CAD |
| Land Assessment | $159,843 CAD | Total Assessment | $9,174,996 CAD |
Property Taxes
Parcel Number
1185180
Land Assessment
$159,843 CAD
Improvements Assessment
$9,015,152 CAD
Total Assessment
$9,174,996 CAD
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Wingate by Wyndham Longview North | 615 City Center Way
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