4397 Sayles Blvd - Hospitality FOR SALE


Abilene, TX 79605
$3,800,000 USD
512-338-7826
4397 Sayles Blvd, Abilene, TX for Sale
$3,800,000 USD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

4397 Sayles Blvd
Abilene, TX 79605


HIGHLIGHTS

  • Prime Offering
  • Strategic Location
  • Growing Market
  • Demand Drivers
  • Robust Local Economy
  • Attractions & Events

OVERVIEW

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Super 8 by Wyndham Abilene South (the "Hotel" or "Property") located in Abilene, Texas. The Wyndham Hotels and Resorts-branded hotel is offered at $3,800,000 or $69,091 per key. This pricing reflects a capitalization rate of 10.3 percent, offering potential investors immediate profitability and substantial annual returns on their investment. Abilene, located about two hours west of the Dallas-Fort Worth Metroplex, has a population exceeding 125,000. It serves as a regional hub with a growing economy driven by commerce, education, manufacturing, energy, healthcare, and a military base. The city has excellent transportation connectivity, with major highways like Interstate 20 and U.S. Highways 83 and 277 linking it to Dallas-Fort Worth and San Angelo. Abilene Regional Airport (ABI), 7.9 miles away, serves around 90,000 passengers annually with flights to Dallas-Fort Worth International Airport, facilitating convenient travel for business and leisure visitors. Dyess Air Force Base, just 7.4 miles from the property, is a key institution housing the 7th Bomb Wing and B-1 Lancer bombers. With over 13,000 personnel, the base is a major employer and generates strong demand for hospitality services from military personnel, defense contractors, and government travelers seeking accommodations. Abilene is home to several higher education institutions within proximity to the Super 8 by Wyndham Abilene South that drive visitor traffic and boost the local economy. The flagship university, Abilene Christian University (ACU – 7.0 miles), has an enrollment of over 5,000 students; other educational institutions such as Hardin-Simmons University (HSU – 6.6 miles), which serves approximately 2,300 students; and McMurry University (2.4 miles), a liberal arts school with around 1,100 students. These universities generate a consistent flow of visitors for academic conferences, graduations, sporting events, tournaments, and family visits, contributing to the city’s hospitality sector. The healthcare industry is another significant economic driver in Abilene, led by Hendrick Health System, the largest medical provider in the area with over 3,000 employees and more than 500 beds across multiple campuses. The presence of Hendrick Medical Center (6.0 miles) and Hendrick Medical Center South (2.2 miles) ensures a steady demand for healthcare-related travel, including patients, staff, and visiting professionals. Abilene features a robust manufacturing and corporate landscape, with several major employers driving the local economy. Coca-Cola Southwest Beverages (9.7 miles) operates 24/7 and employs over 300 associates. The city is also home to a 71,000-square-foot Amazon warehouse (7.4 miles) and AbiMar Foods (5.8 miles), a major food manufacturer with more than 500 employees. Blue Cross Blue Shield of Texas (2.4 miles) has a regional office in Abilene, providing healthcare services to over 1,200 workers. Additionally, Great Lakes Cheese (6.1 miles) employs over 500 people, further strengthening the manufacturing sector that fuels the city's economic growth. Abilene features a variety of demand generators near the property, including historic and cultural attractions. The Downtown Cultural District (4.5 miles) is known as the Storybook Capital of America, showcasing the largest collection of storybook characters. The Grace Museum (4.5 miles) highlights regional history and art, while Frontier Texas! (4.6 miles) offers insights into frontier heritage. The Abilene Zoo (5.9 miles), home to over 1,000 animals, is enhancing its facilities with a new two-story café, an interactive lion habitat, and areas for meerkats and cheetahs, which will boost visitor appeal. The Paramount Theatre (4.9 miles) hosts concerts and events in its 1,131-seat auditorium. The annual West Texas Fair & Rodeo (5.5 miles) highlights unique foods, carnival rides, PRCA rodeo action, and family entertainment, drawing over 125,000 people a year and providing a significant economic impact for the community. Super 8 is a leading economy hotel brand with over 2,000 locations across North America, offering budget-conscious traveler’s comfortable accommodations and essential amenities. As part of Wyndham Hotels & Resorts, Super 8 benefits from strong brand recognition, a robust reservation system, and extensive marketing support. With its adaptability to market trends, investing in Super 8 presents a lucrative opportunity in a resilient segment of the hospitality industry, promising significant potential for profitability and growth. In 2023, the property achieved an EBITDA of $443,000, reflecting an income margin of 46%. This hotel may qualify for brand repositioning opportunities for qualified investors, which could result in notable improvements in long-term ADR and RevPAR. Please contact the broker for details.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$126 USD /SF

# OF ROOMS

55

PRICE/ROOM

$69,091 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Super 8 Abilene South

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2008

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.95 AC

LAND SF

84,942 SF

ZONING

Commercial-Hotel

APN/PARCEL ID

34199

ASK ABOUT THIS PROPERTY

Steve SwenholtMarcus & MillichapMore Info
512-338-7826

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Steve SwenholtMarcus & MillichapMore Info
512-338-7826

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