Subhash Naik of Swoboda Hospitality Specialists has exclusively listed a Texas hotel for sale. The Comfort Suites in Nacogdoches is located in the highest RevPAR market in Texas and has a high cash on cash return of 33% on 20% down. It has a 12.8% CAP Rate and 3.5 gross multiplier. Furthermore, the property is located on the Haynesville Shale, the largest natural gas find in the United States and 4th largest in the world. Hundreds of companies in the energy sector, including Schlumberger and Chesapeake Energy, are poised to set up massive drilling and production campaigns, if they have not done so already.
This Texas hotel for sale is three-stories with interior corridors. It was built in December of 2007. The beautifully furnished property is up to the latest Comfort Suites standards. Hotel amenities include and indoor swimming pool, fitness facilities, meeting space, breakfast area with breakfast bar and business center.
The property is located along Highway 59 less than 3 miles from historic downtown Nacogdoches, the oldest town in Texas. It is also less than 3 miles from Stephen F. Austin State University.
Subhash Naik is a deal maker in the hospitality world. His wide and varied experience throughout the hospitality industry has not only served him well, but his clients as well. Raised in a hospitality family, educated in England and professionally experienced in Australia and the United State, Mr. Naik’s drive and expertise has led him to many successes including directing $80 million in hotel development and acquisitions, the turn around of the Oxford Koala Hotel, the purchase of the Beverly Garland Hotel and the turnaround of the Anaheim Ramada Hotel.