Excellent opportunity to acquire a well-established, nationally branded hotel located in Longview, Texas. Offered at $6,500,000, this 67-room property provides an attractive opportunity for an experienced hotel operator, investor, or owner/operator seeking an established hospitality asset in the growing East Texas market. The hotel features comfortable guest accommodations, an indoor swimming pool, fitness center, meeting and business facilities, breakfast area, ample parking, and the operational infrastructure.
Strategically positioned within Longview’s primary hotel and commercial corridor, the property benefits from a diversified mix of corporate, healthcare, industrial, transportation, education, and leisure demand. Established corporate relationships provide an additional base of recurring business. The property offers further upside potential through ADR optimization, additional corporate and group accounts, enhanced revenue management, increased meeting-space utilization, digital marketing, and operating efficiencies.
Ownership is selling as part of a strategic portfolio realignment and will consider seller financing for a portion of the purchase price for a financially qualified buyer, subject to acceptable terms and seller approval....