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Hotel-Motel

Baymont by Wyndham Paris

3560 NE Loop 286, Paris, TX 75460

Listing Price: $3,500,000

Cap Rate
10.79%
Number of Rooms
114
RevPAR
$25
Price/Room
$30,702
RRM
3.37
Year Built
1982

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Baymont Paris (‘Hotel’ or ‘Property’). The Wyndham-branded Hotel is offered at $3,500,000 or $30,702 per key. The Baymont Paris is a two-story, 114-room Hotel stationed at 3560 Northeast Loop 286, near the intersection of Loop 286 and Highway 82. This Hotel features an outdoor pool, exercise room, business center, RV and bus parking, and banquet facilities. Spacious guest rooms offer a flat-screen television, a work desk, microwave, and mini-refrigerator. Additional amenities at the Property include fully leased onsite bar and restaurant space. Paris, Texas is situated in Northeast Texas and is the county seat of Lamar County. The city is located about 115 miles northeast of the Dallas-Fort Worth Metropolitan Area and serves as a shipping point for cotton, grain, and livestock and the regional medical center for northwest Texas and southeast Oklahoma. The Hotel sits on 10.69 acres with easy access to many key leisure and business demand generators in the area such as Campbell’s Soup & Silgan Can Company (3.1 miles), Turner Industries Piping (5.7 miles), Paris Texas Eiffel Tower (2.8 miles), Sam Bell Maxey House (3.5 miles), and Paris Medical Center (2.1 miles). Operationally, the Hotel has experienced a surge in room revenues through May 2022 trailing twelve months. In this period, room revenues were recorded at over $1 million, which represents a 31 percent and 85 percent increase from year-end 2020 and year-end 2019, respectively. This offering presents a potential buyer the opportunity to acquire an asset, with upward trending RevPAR, at a price well below replacement cost.

Investment Highlights

  • Two-Story, 114-Room, Wyndham-Branded Hotel with Fully Leased Restaurant and Bar Space
  • Priced Below Replacement Cost at $30,702 Per Key
  • Ideal Highway Location and Visibility from Loop 286 and Highway 82
  • May 2022 Trailing Twelve Month Revenues Have Increased 85 Percent Since Year-End 2019
  • Operational Upside for Hands-On Owner-Operator to Decrease Expenses & Increase Net Operating Income

Exclusively Listed By

Financing By

Hotel-Motel

Baymont by Wyndham Paris

Listing Price: $3,500,000

Cap Rate
10.79%
Number of Rooms
114
RevPAR
$25
Price/Room
$30,702
RRM
3.37
Year Built
1982

Investment Highlights

  • Two-Story, 114-Room, Wyndham-Branded Hotel with Fully Leased Restaurant and Bar Space
  • Priced Below Replacement Cost at $30,702 Per Key
  • Ideal Highway Location and Visibility from Loop 286 and Highway 82
  • May 2022 Trailing Twelve Month Revenues Have Increased 85 Percent Since Year-End 2019
  • Operational Upside for Hands-On Owner-Operator to Decrease Expenses & Increase 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 qualified investors the Baymont Paris (‘Hotel’ or ‘Property’). The Wyndham-branded Hotel is offered at $3,500,000 or $30,702 per key. The Baymont Paris is a two-story, 114-room Hotel stationed at 3560 Northeast Loop 286, near the intersection of Loop 286 and Highway 82. This Hotel features an outdoor pool, exercise room, business center, RV and bus parking, and banquet facilities. Spacious guest rooms offer a flat-screen television, a work desk, microwave, and mini-refrigerator. Additional amenities at the Property include fully leased onsite bar and restaurant space. Paris, Texas is situated in Northeast Texas and is the county seat of Lamar County. The city is located about 115 miles northeast of the Dallas-Fort Worth Metropolitan Area and serves as a shipping point for cotton, grain, and livestock and the regional medical center for northwest Texas and southeast Oklahoma. The Hotel sits on 10.69 acres with easy access to many key leisure and business demand generators in the area such as Campbell’s Soup & Silgan Can Company (3.1 miles), Turner Industries Piping (5.7 miles), Paris Texas Eiffel Tower (2.8 miles), Sam Bell Maxey House (3.5 miles), and Paris Medical Center (2.1 miles). Operationally, the Hotel has experienced a surge in room revenues through May 2022 trailing twelve months. In this period, room revenues were recorded at over $1 million, which represents a 31 percent and 85 percent increase from year-end 2020 and year-end 2019, respectively. This offering presents a potential buyer the opportunity to acquire an asset, with upward trending RevPAR, at a price well below replacement cost.

Exclusively Listed By

Financing By

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