Hospitality Business for Sale in Hankamer, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Hankamer, TX 77560
  • Year built: 2004

Description

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Scottish Inn & Suites (‘Hotel’ or ‘Property’) located in Hankamer, Texas. The HI Hotels-branded Hotel is offered at $2,175,000 or $44,432 per key. The Scottish Inn & Suites is a 44-room, two-story Hotel located at 25941 Interstate-10 in Hankamer, Texas. The Property is highly visible and easily accessible off TX-61, which is parallel to I-10. Various common area amenities at the Property include an on-site guest laundry, barbecue grills, vending machines, and ample parking for cars, trucks and recreational vehicles. The hotel is also equipped with a two-bedroom, two-bathroom on-site owners’ quarters. The property also features two new pressure regulators and circulation pumps, all new water heaters and all new PTAC units. The hotel is attractively priced at a capitalization rate of 13.10 percent, offering investors a compelling opportunity to acquire the asset at a conservative valuation with significant upside potential. Located within proximity of nearby attractions, the area surrounding the Scottish Inn & Suites caters to diverse interests. White’s Park Arena and Barn (0.5 miles) beckon with their vibrant events, while the Chambers County Community Center (0.5 miles) stands as a focal point for local gatherings. Experience the tranquil ambiance of Magnolia Grove Wedding Venue (1.0 mile) where couples can bask in a picturesque setting for their special day. Scottish Inn & Suites is within proximity as an accommodation option for wedding venue guests, ensuring a seamless and memorable event. Golf enthusiasts can tee off at the Chambers County Golf Course (1.7 miles) amidst scenic greens. Travelers can find respite at the Chambers County Safety Rest Area Westbound (2.3 miles) ensuring a comfortable journey. Nature lovers can immerse themselves in the tranquility of Turtle Bayou Nature Preserve. For a taste of rural charm,

Market Context

This hospitality in Hankamer, TX is listed for sale. It is offered at an approximate 11.4% capitalization rate, a key benchmark for income-producing hospitality assets. The building dates to 2004. It has been on the market for 68 days. Compare it against other hospitality listings for sale in Hankamer, TX — <a href="/search/sale/hospitality/texas/hankamer">view the full market</a>.

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