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Hotel-Motel

Holiday Inn Longview - North

300 Tuttle Cir, Longview, TX 75605

Listing Price: Request For Offer

Number of Rooms
121
RevPAR
$78
Year Built
2004

Investment Overview

High-Quality Asset in Exceptional Condition: The Holiday Inn Longview-North is the largest Hotel in Longview with 121 spacious guest rooms spread across three stories. Each room offers a flat-screen television, microwave, mini-refrigerator, work desk, and iron and ironing board. The Hotel manages a heated indoor pool and whirlpool, on-site business center, fitness center, and guest laundry facilities. Additional amenities at the Property include 10,000 square feet of banquet and event spaces and the Lambortini Bar and Grill. Prime Location with Easy Access to Market Demand Generators: The Property is visible from Highway 281 and near some of the area’s most notable demand generators such as the LeTourneau University (7.1 miles), Lear Park Athletic Complex (5.1 miles), Longview Mall (0.5 miles), Longview Regional Medical Center (2.3 miles), and the East Texas Regional Airport (12.5 miles), to name a few. Exceptional Operations: During the twelve-month period ending June 2021, the Hotel recorded revenues just under $3.5 million, and a significant cash flow of over $1.56 million or 45 percent of total revenues, after a 4 percent capital replacement reserve and 3 percent management fee reserve. Revenues Trending Upwards: Due to expanding demand in the area, the full-service Hotel has continued to increase revenues year-over-year. The gross revenues recorded in the trailing twelve-month period ending June 2021 represent an increase of 16.26 percent and 11.17 percent compared to year-end 2020 and 2019, respectively. InterContinental Hotels Group-Branded Asset: The Property maintains brand affiliation with InterContinental Hotels Group (IHG) and currently benefits from the IHG Rewards loyalty program, known for its strong brand recognition amongst travelers, owners, and franchisees.

Investment Highlights

  • Three-Story, 121-Room, Full-Service, Upper-Midscale Hotel Built in 2004 and Recently Renovated
  • Ideal Location Offering Easy Access to Major Demand Generators Including LeTourneau University, Lear Park Athletic Complex, Longview Regional Medical Center, and the East Texas Regional Airport
  • Exceptional Hotel Operations Recording Nearly $3.5 Million in Revenues and a Net Operating Income of over 45 Percent of Gross Revenues
  • Revenues Trending Upwards Due to Steady Increase in Overnight Room Demand
  • Offered Fee Simple, Unencumbered by Management Contract or Debt

Exclusively Listed By

Financing By

Hotel-Motel

Holiday Inn Longview - North

Listing Price: Request For Offer

Number of Rooms
121
RevPAR
$78
Year Built
2004

Investment Highlights

  • Three-Story, 121-Room, Full-Service, Upper-Midscale Hotel Built in 2004 and Recently Renovated
  • Ideal Location Offering Easy Access to Major Demand Generators Including LeTourneau University, Lear Park Athletic Complex, Longview Regional Medical Center, and the East Texas Regional Airport
  • Exceptional Hotel Operations Recording Nearly $3.5 Million in Revenues and a Net Operating Income of over 45 Percent of Gross Revenues
  • Revenues Trending Upwards Due to Steady Increase in Overnight Room Demand
  • Offered Fee Simple, Unencumbered by Management Contract or Debt

Investment Overview

High-Quality Asset in Exceptional Condition: The Holiday Inn Longview-North is the largest Hotel in Longview with 121 spacious guest rooms spread across three stories. Each room offers a flat-screen television, microwave, mini-refrigerator, work desk, and iron and ironing board. The Hotel manages a heated indoor pool and whirlpool, on-site business center, fitness center, and guest laundry facilities. Additional amenities at the Property include 10,000 square feet of banquet and event spaces and the Lambortini Bar and Grill. Prime Location with Easy Access to Market Demand Generators: The Property is visible from Highway 281 and near some of the area’s most notable demand generators such as the LeTourneau University (7.1 miles), Lear Park Athletic Complex (5.1 miles), Longview Mall (0.5 miles), Longview Regional Medical Center (2.3 miles), and the East Texas Regional Airport (12.5 miles), to name a few. Exceptional Operations: During the twelve-month period ending June 2021, the Hotel recorded revenues just under $3.5 million, and a significant cash flow of over $1.56 million or 45 percent of total revenues, after a 4 percent capital replacement reserve and 3 percent management fee reserve. Revenues Trending Upwards: Due to expanding demand in the area, the full-service Hotel has continued to increase revenues year-over-year. The gross revenues recorded in the trailing twelve-month period ending June 2021 represent an increase of 16.26 percent and 11.17 percent compared to year-end 2020 and 2019, respectively. InterContinental Hotels Group-Branded Asset: The Property maintains brand affiliation with InterContinental Hotels Group (IHG) and currently benefits from the IHG Rewards loyalty program, known for its strong brand recognition amongst travelers, owners, and franchisees.

Exclusively Listed By

Financing By

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