Property Detail

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Property Overview

$750 renovations just allowed for conversion to BW. Leased rest./bar. Lrg. mtg space & pool. MOTIVATED OWNER

Listing Broker(s)

Hal Mayfield Contact Broker Phone: 972-491-3200 E-mail: hmayfield@rocketmail.com
Ted Holmes Contact Broker Phone: 405-810-1414 Fax: 405-810-1515 E-mail: tedh@hotelbrokerone.com

Property Highlights

Asking Price:
$4,290,000
Property Description:
Other
Number of Rooms:
97
Major Source of Business:
airport, oil, business, transient
Year Built:
Unknown
Last Year Renovated:
Unknown
Common Area Amenities:
4 meeting rooms, bar, restaurant, lobby, outdoor pool

Financial History

  • Average Daily Occupancy:
  • Average Daily Rate:
  • Net Operating Income:
  • Room Revenue:
  • Total Revenue:
  • Price Per Room:
  • Room Revenue Multiplier:
  • NOI multiplier:
  • Room Revenue Per Room:
  • Cap Rate:
2008 Year Ending
  • $505,123
  • $1,163,701
  • $1,174,639
  • $49,000
  • 4.00
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Location

3312 South Country Road 1276


Midland, Texas 79711

Listing Broker

Hal Mayfield, HotelBrokerOne - Dallas Office Contact Broker Phone: 972-491-3200 E-mail: hmayfield@rocketmail.com
Ted Holmes, HotelBrokerOne Contact Broker Phone: 405-810-1414 Fax: 405-810-1515 E-mail: tedh@hotelbrokerone.com
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Listing Broker(s)

Hal Mayfield Contact Broker Phone: 972-491-3200 E-mail: hmayfield@rocketmail.com
Ted Holmes Contact Broker Phone: 405-810-1414 Fax: 405-810-1515 E-mail: tedh@hotelbrokerone.com