Hotel-Motel

Best Western Red River Inn

1008 Sheppard Rd, Burkburnett, TX 76354

Listing Price: $3,700,000

Cap Rate
9.40%
Number of Rooms
80
Gross SF
48,100
Price/Room
$46,250
Price/Gross SF
$76.92
Year Built
2006

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Best Western Red River Inn, a 4-story limited service hotel located in Burkburnett, Texas. The hotel consists of 80 interior corridor rooms with excellent visibility from Interstate 44. Amenities include a heated indoor pool, fitness center, complimentary breakfast buffet with large dining area and guest laundry facilities. Business amenities include a business center and 1,080 square feet of meeting space. The Best Western Red River Inn is a short drive to Wichita Falls. The City of Wichita Falls is comfortably nestled in the North East corner of the Panhandle/Plains area of North Texas. Wichita Falls is an economically progressive city home to commerce and industry with worldwide interests. The City also has several institutions of higher learning, a strong international presence through Sheppard Air Force Base, a well educated, eager workforce and a community spirit geared toward family, friends and a desire to see that this thriving city continues to grow and prosper. By most accounts, Wichita Falls can be summed up with two words: pleasant and comfortable. This is a family oriented city conveniently located within two hours of two metropolitan areas with populations exceeding one million citizens; Dallas-Fort Worth and Oklahoma City.

Investment Highlights

  • Priced Well Below Replacement Cost
  • Potential Opportunity to Convert to Hampton Inn
  • Excellent Visibility from Interstate 44
  • 8 Miles to Sheppard Air Force Base & Wichita Falls Regional Airport
  • 15 Miles to Midwestern State University
  • Close Proximity to 2 Medical Centers

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 0432723

    Texas

Hotel-Motel

Best Western Red River Inn

Listing Price: $3,700,000

Cap Rate
9.40%
Number of Rooms
80
Gross SF
48,100
Price/Room
$46,250
Price/Gross SF
$76.92
Year Built
2006

Investment Highlights

  • Priced Well Below Replacement Cost
  • Potential Opportunity to Convert to Hampton Inn
  • Excellent Visibility from Interstate 44
  • 8 Miles to Sheppard Air Force Base & Wichita Falls Regional Airport
  • 15 Miles to Midwestern State University
  • Close Proximity to 2 Medical Centers

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Best Western Red River Inn, a 4-story limited service hotel located in Burkburnett, Texas. The hotel consists of 80 interior corridor rooms with excellent visibility from Interstate 44. Amenities include a heated indoor pool, fitness center, complimentary breakfast buffet with large dining area and guest laundry facilities. Business amenities include a business center and 1,080 square feet of meeting space. The Best Western Red River Inn is a short drive to Wichita Falls. The City of Wichita Falls is comfortably nestled in the North East corner of the Panhandle/Plains area of North Texas. Wichita Falls is an economically progressive city home to commerce and industry with worldwide interests. The City also has several institutions of higher learning, a strong international presence through Sheppard Air Force Base, a well educated, eager workforce and a community spirit geared toward family, friends and a desire to see that this thriving city continues to grow and prosper. By most accounts, Wichita Falls can be summed up with two words: pleasant and comfortable. This is a family oriented city conveniently located within two hours of two metropolitan areas with populations exceeding one million citizens; Dallas-Fort Worth and Oklahoma City.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 0432723

    Texas

MM Texture Background
MM Textured Background Lower