2095 N 11th St - Hospitality FOR SALE


Beaumont, TX 77703
$14,000,000 USD
713-855-0588
2095 N 11th St, Beaumont, TX for Sale
$14,000,000 USD
Hospitality - FOR SALE
1/92
null | Request Cap Rate

2095 N 11th St
Beaumont, TX 77703


HIGHLIGHTS

  • Property Improvement Plan Up to Date
  • Agreement with Holiday Inn till 2027
  • Add value potential property in non flooding zone | Add Event Center on unused land
  • 131 single rooms , 30 2&3 Bedroom suites , 285 pakings
  • Full Appraisal available at 20M - Call Listing Agent
  • Interior Corridors, Business Center, Fitness center, Meeting Space, Banquet Room, Restaurant, Pool

OVERVIEW

The Holiday Inn Beaumont East Medical Center, located at 2095 North 11th Street, Beaumont, TX, is a 161-unit, full-service hotel that has undergone extensive renovations, including major updates in 2006, 2009, 2012, and a significant $15 million renovation completed between 2016 and 2018. This property features 131 single rooms and 30 suites, spread across six stories, and includes amenities such as the Red River Bar & Grille, three meeting rooms, a sundry store, a fitness room, guest laundry, a business center, and an outdoor pool. Ideally situated within Beaumont's Medical Center and near downtown, the hotel is poised to capture long-term petrochemical and downstream oil & gas business prevalent in the region. With a gross building area of 115,571 square feet on a 4.36-acre lot, this property offers modern facilities and excellent visibility from North 11th Street, ensuring a steady flow of guests from both commercial and medical sectors. Redevelop by: ADDING EVENT CENTER ON UNUSED LAND TO IMPROVE HOTEL OCCUPANCY WATCH: https://youtu.be/NdbGTI2Th5E?si=sgQThhmTv-R_MvcO

FOR SALE DETAILS

PRICE

$14,000,000 USD

PRICE/SF

$121 USD /SF

# OF ROOMS

160

PRICE/ROOM

$87,500 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Beaumont East Medical Center Area

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

6

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.36 AC

LAND SF

189,922 SF

ZONING

GC-MD-2

APN/PARCEL ID

034700-000-000500-00000

ASK ABOUT THIS PROPERTY

Kate MyhanJPAR The Sears GroupMore Info
713-855-0588

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Kate MyhanJPAR The Sears GroupMore Info
713-855-0588

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