Specialty Real Estate
2723 South Main Street Perryton, TX 79070
Details & Description
Price: $6,475,000
    The Holiday Inn Express is a newly built 74 room, interior corridor, 3 story hotel located in Perryton, TX. Built in 2016, this mid-scale hotel was constructed with IHG's Formla Blue design standard. Attractively priced at $87,500/Key. Property amenities include a fitness center, business center, laundry facilities, indoor swimming pool. Located along Highway 83, 8 miles from the northern border of Texas/Oklahoma in the Panhandle, the Holiday Inn Express and Suites Perryton is located minutes away from shopping, the Museum of the Plains, agriculture and oil businesses and serves transient highway travel, destination, and local guests.Seller will look at responsible offers..As of Nov 2019, the Hotel Achieved Roughly 10% more Revenue than 2018. Stabilized revenue expected over $2M by end of year four
    Property ID:    272059
    Property URL: melqr.com/272059
    Generated:    03-19-25
    Property Highlights
    • The Hotel is ready to be managed by Owner -Operator, with the ability to control costs and increase revenue
    • Revenue Increase of over 27 from 2017 to 2018 and on pace to do 10 higher this year
    Additional Photos
    Listing Agents
    Rav Singh

    O: 210-696-9996
    M: 210-849-2175
    rav@kwcommercial.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Texas / Perryton / 79070 / 2723 South Main Street

    2723 South Main Street

    Perryton, TX 79070

    Listing ID: 272059
    Print Single-Page Version
    • 2723 South Main Street Perryton, TX 79070 | for Sale | Photo 1
    • 2723 South Main Street Perryton, TX 79070 | for Sale | Photo 2
    • 2723 South Main Street Perryton, TX 79070 | for Sale | Photo 3
    • 2723 South Main Street Perryton, TX 79070 | for Sale | Photo 4
    2723 South Main Street | for Sale | Thumbnail 1
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    2723 South Main Street | for Sale | Thumbnail 3
    2723 South Main Street | for Sale | Thumbnail 4
    Building Size: 42,408 SF
    Lot Size: 1.968 AC
    Land Size: 85,726 SF
    Building $/SF: $152.68
    Land $/SF: $75.53
    Price
    $6,475,000
    Property Highlights
    Latest prototype, built October 2016 Market leader in performance and amenities
    52 OCC and $132 ADR on December 2019 actuals
    10 Cap Rate on 2018 actuals with 3 management expense in place
    Revenue Increase of over 27 from 2017 to 2018 and on pace to do 10 higher this year
    Priced at $87,500kdoor on turnkey upper-midscale hotel
    The Hotel is ready to be managed by Owner -Operator, with the ability to control costs and increase revenue
    The hotel is rated 4.5 stars on TripAdvisor
    Description

    The Holiday Inn Express is a newly built 74 room, interior corridor, 3 story hotel located in Perryton, TX. Built in 2016, this mid-scale hotel was constructed with IHG's Formla Blue design standard. Attractively priced at $87,500/Key. Property amenities include a fitness center, business center, laundry facilities, indoor swimming pool. Located along Highway 83, 8 miles from the northern border of Texas/Oklahoma in the Panhandle, the Holiday Inn Express and Suites Perryton is located minutes away from shopping, the Museum of the Plains, agriculture and oil businesses and serves transient highway travel, destination, and local guests.

    Seller will look at responsible offers..

    As of Nov 2019, the Hotel Achieved Roughly 10% more Revenue than 2018. Stabilized revenue expected over $2M by end of year four

    CONTACT AGENT

    Attachments & Files
    salebrochure-8-IgC-hcL.pdf

    Points of Interest & Demographic Radii

    Points of Interest
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    Perryton Area Market Trends

    Listing Demographics for 2723 South Main Street Perryton, TX 79070

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

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    Common Questions and Answers

    What is the asking price for 2723 South Main Street in Perryton?
    The asking price for 2723 South Main Street is $6,475,000
    What is the building size of this Specialty property in Perryton, TX?
    The size of the building/unit at 2723 South Main Street in Perryton is 42,408 square feet
    How much land does the Perryton, TX property at 2723 South Main Street include?
    2723 South Main Street in Perryton includes 1.968 acres of land
    What kind of Specialty is the property at 2723 South Main Street?
    The property at 2723 South Main Street Perryton, TX 79070 is listed as a Hotel/Motel/Resort Specialty property
    What is the population within 1 mile of 2723 South Main Street in Perryton?
    The population within 1 mile of 2723 South Main Street Perryton, TX 79070 is 2,947 people.
    Who do I contact for questions about 2723 South Main Street?
    You should contact the listing agent, Rav Singh , for any details regarding this commercial listing.

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    Price
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    Listing Agent
    Rav Singh - CRE Agent at

    Rav Singh

    Independent Agent

    VIEW AGENT PROFILE

    CONTACT AGENT

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