200 Centennial Blvd - Hospitality FOR SALE


Lindale, TX 75771
$5,800,000 USD
661-978-3109
200 Centennial Blvd, Lindale, TX for Sale
$5,800,000 USD
Hospitality - FOR SALE
1/28
null | 9.09% Cap Rate

200 Centennial Blvd
Lindale, TX 75771


HIGHLIGHTS

  • Significant Occupancy Growth in 2024
  • Strong Market Share
  • Stable ADR Performance
  • RevPAR Outperformance
  • Reliable Revenue Positioning

OVERVIEW

The Comfort Suites Lindale, Tyler, TX opened in 2008 as a Choice franchise, the property has demonstrated solid growth in 2024, with occupancy up 9.0% year-to-date, surpassing the competitive set's 1.3% growth. With an MPI of 102.8, a recent ADR increase to $87.98, and an 8.1% rise in RevPAR, it shows strong market resilience. A minimal new owner PIP estimated at $50K–$75K makes this an attractive, manageable investment with the potential for further growth under new ownership. * * Highlights & Location: *Comfort Suites Lindale Tyler North offers a strategic opportunity with strong occupancy and RevPAR growth in 2024, signaling high market demand. Despite previous management challenges that lowered ADR in 2023 ($91.82 vs. comp set $97.37), the hotel is positioned for recovery. *A small PIP investment ($50K-$75K) allows a new owner to boost market share and profitability. * * Texas Broker of Record: Jatin "JT" Jariwala C: 469.233.2191 E: JT@HBofAmerica.com TX DRE #593897

FOR SALE DETAILS

PRICE

$5,800,000 USD

PRICE/SF

$121 USD /SF

# OF ROOMS

65

PRICE/ROOM

$89,231 {currency}

CAP RATE

9.09%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Suites Lindale Tyler North, TX

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2008

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

NA

APN/PARCEL ID

14754-0000-00-0001000

ASK ABOUT THIS PROPERTY

Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

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Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

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