Current Use by Public Records
- Hospitality properties
Property Details for 4321 I-10
- Year built
- 1999
- Lot size
- 2.41 lot acres
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This 65-key Holiday Inn Express & Suites in Columbus, Texas, presents a compelling investment opportunity. Located on I-10, it benefits from high visibility and convenient access to major Texas cities, ensuring consistent demand from both business and leisure travelers. The hotel, boasting 33,960 square feet on a 2.41-acre lot, underwent a complete renovation in 2019, implementing the brand's "Formula Blue" improvements. This ensures modern, brand-compliant facilities with minimal immediate capital expenditure needs. The property features a business center, fitness room, outdoor pool, and event space, catering to a wide range of guests while maintaining efficient operating costs. With 65 well-appointed rooms and strong historical performance, including over $1.53 million in room revenue in the past year, this hotel offers a stable, high-yield investment. The property's strong market position, driven by the local economy's reliance on energy, agriculture, and manufacturing, contributes to consistent occupancy rates. Built in 1999 and situated on a three-story building, this fee-simple ownership offers a turnkey investment with significant growth potential in a thriving region. The asking price is $6,200,000, representing a price per key of $95,384.62 and an 8.00% cap rate with a net operating income of $496,086. This is a rare chance to acquire a proven, income-generating asset in a robust market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Colorado
- State
- Texas
- Longitude
- -96.5435
- Latitude
- 29.693
