2095 11th St Beaumont, TX 77703-4909

This exceptional 161-unit Holiday Inn, situated on a 4.36-acre lot in Beaumont, Texas (77703), presents a compelling value-add investment opportunity. Boasting 115,571 square feet across six stories, this full-service hotel underwent a significant $15 million renovation between 2016 and 2018, with additional updates in 2006, 2009, and 2012. The property features 131 single rooms and 30 suites (a mix of two and three-bedroom units), along with a range of amenities including the Red River Bar & Grille, three meeting rooms, a sundry store, fitness center, guest laundry, business center, and an outdoor pool. Conveniently located near Beaumont's Medical Center and downtown, the hotel benefits from strong demand driven by the region's petrochemical and oil & gas industries. The property includes approximately 285 parking spaces and enjoys excellent visibility from North 11th Street. The existing Holiday Inn franchise agreement extends to 2027. The hotel generated $2.5 million in gross income in 2023. This property is not located in a flood zone and has no deferred property improvement plan (PIP). A 2019 appraisal valued the property at $20 million. Asking price is $14,000,000.