120 S Point Ln - Hospitality FOR SALE


Livingston, TX 77351
$7,500,000 USD
469-644-0779
120 S Point Ln, Livingston, TX for Sale
$7,500,000 USD
Hospitality - FOR SALE
1/19
null | 13% Cap Rate

120 S Point Ln
Livingston, TX 77351


HIGHLIGHTS

  • Ownership completed Formula Blue 2.0 PIP
  • Located less than 1 hour from Houston on US Highway 59
  • 13% Cap Rate (rounded) based on 2024 NOI
  • Easy property to manage remotely

OVERVIEW

This fully renovated IHG brand hotel is available for sale in Livingston, TX. It is in close proximity to Lake Livingston, one of the largest lakes in Texas. It is about halfway between Lufkin and Houston on US 59 (Future I-69). The property is seeing significant revenue growth year over year and impressive performance on the bottom line. IHG will grant a 10 to 15 year license.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$156 USD /SF

# OF ROOMS

60

PRICE/ROOM

$125,000 {currency}

CAP RATE

13%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites Livingston

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1999

PARKING SPACES

71

LAND DETAILS

LAND ACRES

2.52 AC

LAND SF

109,893 SF

ZONING

359

APN/PARCEL ID

10056-0018-10

ASK ABOUT THIS PROPERTY

Ryan PattersonMumford CompanyMore Info
469-644-0779

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Ryan PattersonMumford CompanyMore Info
469-644-0779

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.