Hotel-Motel
WoodSpring Suites San Angelo
4013 W Houston Harte Expy, San Angelo, TX 76901
Listing Price: $7,500,000
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale the WoodSpring Suites San Angelo, a four-story interior corridor hotel located in San Angelo, Texas. The WoodSpring is an extended-stay hotel branded under the parent company Choice Hotels. Room amenities include spacious apartment-style suites, in-room kitchen, and free Wi-Fi.
The WoodSpring San Angelo is located in central Texas; which is near Interstate 14 & 27. The hotel is 100% turnkey as there was no PIP assessed from Choice Hotels; along with a full operating staff in place; from GM down to front desk & housekeeping. The property currently has an assumable CMBS loan which is at 4.88% interest rate, along with a 30 year amortization.
WoodSpring Suites San Angelo
Investment Highlights
- 2014 built Choice branded extended stay hotel – WoodSpring Suites well known for high profit margin and low cost of maintenance
- Extended-stay amenities include a full kitchenette, kitchen cooking utensils, and guest laundry
- Fully assumable CMBS loan at 4.88% at 36% down
- Turnkey – No transfer of ownership PIP accessed from Choice
- Full staff in place; GM, AGM, front desk, and housekeepers - Ideal Hotel for an absentee owner
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $7,500,000
Investment Highlights
- 2014 built Choice branded extended stay hotel – WoodSpring Suites well known for high profit margin and low cost of maintenance
- Extended-stay amenities include a full kitchenette, kitchen cooking utensils, and guest laundry
- Fully assumable CMBS loan at 4.88% at 36% down
- Turnkey – No transfer of ownership PIP accessed from Choice
- Full staff in place; GM, AGM, front desk, and housekeepers - Ideal Hotel for an absentee owner
Investment Overview
Marcus & Millichap has been chosen to exclusively market for sale the WoodSpring Suites San Angelo, a four-story interior corridor hotel located in San Angelo, Texas. The WoodSpring is an extended-stay hotel branded under the parent company Choice Hotels. Room amenities include spacious apartment-style suites, in-room kitchen, and free Wi-Fi. The WoodSpring San Angelo is located in central Texas; which is near Interstate 14 & 27. The hotel is 100% turnkey as there was no PIP assessed from Choice Hotels; along with a full operating staff in place; from GM down to front desk & housekeeping. The property currently has an assumable CMBS loan which is at 4.88% interest rate, along with a 30 year amortization.
Exclusively Listed By
Broker of Record
Financing By
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