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Hotel-Motel

Baymont by Wyndham Henderson

410 US HIGHWAY 79 South, Henderson, TX 75654

Listing Price: $4,400,000

Cap Rate
10.25%
Number of Rooms
48
RevPAR
$70
Price/Room
$91,667
RRM
3.61
Year Built
2008

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to quali?ed investors the Baymont Inn & Suites Henderson and Sundowners Bar & Grill (‘Hotel’ or ‘Property’). The Wyndham-branded Hotel is offered at $4,400,000 or $91,667 per key. The Baymont Inn & Suites Henderson is located at 410 US-79 in Henderson, Texas near the conjunction of State Highway 79 and State Highway 259. The 48-room, three-story, building was constructed in 2008 and spans 1.64 acres. The Property maintains a wide variety of common area amenities including a business center, outdoor pool, ?tness center, restaurant, on-site bar, and meeting space. The heart of Rusk County, Henderson is less than an hour west of the Louisiana border, just 77 miles from Shreveport. Centrally located in East Texas, Henderson is 34 miles northeast of Tyler. The city’s major employers and popular revenue generators center around the two interchanges. With key city industries such as accommodation and food service, retail trade, and manufacturing, Henderson’s economy bene?ts greatly from the city’s largest employers: UT Health Henderson and West Fraser. Other key employers that consist of most of the workforce include Rusk County Courthouse, Panel Truss Texas Incorporated, B.M. Moore Correctional Facility, Meridian Brick, and Luminant. Chock-full of recreational activities that generate transient travel to the area, Henderson maintains the Henderson Civic Center and Rusk County Youth Expo Center. Furthermore, demand drivers for the city such as the Henderson Civic Theater, Lake Forest Park, and the Henderson Sports Complex also provide signi?cant economic contributions. In the trailing twelve-month period ending in July 2022, the Hotel recorded a RevPAR of $69.52, a 30 percent increase from 2021’s RevPAR and a 123.5 percent RevPAR penetration index. During the same period, room revenues eclipsed $1.2 million while maintaining a net operating income of more than $286 thousand, or 23.4 percent of gross revenues, after a 4 percent capital replacement reserve. Combined with the performance of the on-site restaurant and bar, total revenues reached $2.1 million with a net operating income of over $450 thousand, or 21.3 percent of gross revenues, after a 4 percent capital replacement reserve.

Investment Highlights

  • Three-Story, 48-Room, Interior-Corridor Hotel
  • Highly Visible and Easily Accessible from State Highway 79 with Quick Access to State Highway 64 and State Highway 259
  • On-Site Restaurant and Bar Revenues nearly Reached $900 Thousand with NOI of almost $200 Thousand
  • RevPAR Increased from 2021 by 30 Percent with a 123.5 Percent RPI for TTM July 2022
  • TTM July 2022 Over $2.1 Million in Combined Revenue and $450 Thousand in Total Net Operating Income

Exclusively Listed By

Hotel-Motel

Baymont by Wyndham Henderson

Listing Price: $4,400,000

Cap Rate
10.25%
Number of Rooms
48
RevPAR
$70
Price/Room
$91,667
RRM
3.61
Year Built
2008

Investment Highlights

  • Three-Story, 48-Room, Interior-Corridor Hotel
  • Highly Visible and Easily Accessible from State Highway 79 with Quick Access to State Highway 64 and State Highway 259
  • On-Site Restaurant and Bar Revenues nearly Reached $900 Thousand with NOI of almost $200 Thousand
  • RevPAR Increased from 2021 by 30 Percent with a 123.5 Percent RPI for TTM July 2022
  • TTM July 2022 Over $2.1 Million in Combined Revenue and $450 Thousand in Total Net Operating Income

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to quali?ed investors the Baymont Inn & Suites Henderson and Sundowners Bar & Grill (‘Hotel’ or ‘Property’). The Wyndham-branded Hotel is offered at $4,400,000 or $91,667 per key. The Baymont Inn & Suites Henderson is located at 410 US-79 in Henderson, Texas near the conjunction of State Highway 79 and State Highway 259. The 48-room, three-story, building was constructed in 2008 and spans 1.64 acres. The Property maintains a wide variety of common area amenities including a business center, outdoor pool, ?tness center, restaurant, on-site bar, and meeting space. The heart of Rusk County, Henderson is less than an hour west of the Louisiana border, just 77 miles from Shreveport. Centrally located in East Texas, Henderson is 34 miles northeast of Tyler. The city’s major employers and popular revenue generators center around the two interchanges. With key city industries such as accommodation and food service, retail trade, and manufacturing, Henderson’s economy bene?ts greatly from the city’s largest employers: UT Health Henderson and West Fraser. Other key employers that consist of most of the workforce include Rusk County Courthouse, Panel Truss Texas Incorporated, B.M. Moore Correctional Facility, Meridian Brick, and Luminant. Chock-full of recreational activities that generate transient travel to the area, Henderson maintains the Henderson Civic Center and Rusk County Youth Expo Center. Furthermore, demand drivers for the city such as the Henderson Civic Theater, Lake Forest Park, and the Henderson Sports Complex also provide signi?cant economic contributions. In the trailing twelve-month period ending in July 2022, the Hotel recorded a RevPAR of $69.52, a 30 percent increase from 2021’s RevPAR and a 123.5 percent RevPAR penetration index. During the same period, room revenues eclipsed $1.2 million while maintaining a net operating income of more than $286 thousand, or 23.4 percent of gross revenues, after a 4 percent capital replacement reserve. Combined with the performance of the on-site restaurant and bar, total revenues reached $2.1 million with a net operating income of over $450 thousand, or 21.3 percent of gross revenues, after a 4 percent capital replacement reserve.

Exclusively Listed By

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