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Howard Johnson Plaza Hotel

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Property Overview

The Howard Johnson’s is one of the few top producing hotels in the Wichita Falls market and fairs comparably to the Best Western Northtown, Radisson Hotel (former Holiday Inn), Candlewood Suites and La Quinta Inn. When the Holiday Inn flag was awarded to another property in Wichita Falls in 2005 the property operated as an independent until it was affiliated with the Howard Johnson franchise at the end of 2006.

Listing Broker(s)

Hal Mayfield Contact Broker Phone: 972-491-3200 E-mail: hmayfield@rocketmail.com

Property Highlights

Asking Price:
$7,500,000
Location:
Located off I-44, one block from the Multi-Purpose Event Center and Kay Yeager Coliseum,Wichita Falls
Property Description:
Full Service
Number of Rooms:
241
Major Source of Business:
Interstate, Casino, Hospital, University and transient
Site Size:
7.146 acres
Year Built:
1982
Last Year Renovated:
2004
Common Area Amenities:
10,000 sf of banquet and meeting space, indoor heated pool and Jacuzzi, restaurant, exercise facility and business center

Financial History

  • Average Daily Occupancy:
  • Average Daily Rate:
  • Net Operating Income:
  • Room Revenue:
  • Total Revenue:
  • Price Per Room:
  • Room Revenue Multiplier:
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2009 Year Ending
  • 28.70%
  • $56
  • $1,413,109
  • $1,916,626
  • $31,120
  • 5.31
  • 0.00
  • $5,864
  • 0.00%
2008 Year Ending
  • 35.09%
  • $55
  • $1,711,649
  • $2,374,615
  • $31,120
  • 4.38
  • 0.00
  • $7,102
  • 0.00%
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Location

401 Broad Street


Wichita Falls, Texas 76301

Listing Broker

Hal Mayfield, HotelBrokerOne - Dallas Office Contact Broker Phone: 972-491-3200 E-mail: hmayfield@rocketmail.com
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Listing Broker(s)

Hal Mayfield Contact Broker Phone: 972-491-3200 E-mail: hmayfield@rocketmail.com

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