Subhash Naik of Swoboda Hospitality Specialists has yet another Texas hotel for sale with an amazing cash on cash return. The 39 guest room Days Inn & Suites located in the heart of Nacogdoches, the oldest town in the state and is is also in the highest RevPAR market in the state. This property just completed a $150,000 renovation and is in excellent condition. Amenities include an outdoor swimming pool, appealing lobby with chandelier and breakfast area.
This hotel for sale is located on the Haynesville Shale, the largest natural gas and oil find in the United States, 4th largest in the world. It is 2 blocks from the Stephen F. Austin State University and is in the heart of Nacogdoches, Texas.
The Texas hotel for sale is priced at 2.72 times revenue and has very strong profits. The CAP Rate is at 15.42% and has a high cash on cash return of over 40%. The property is easy to manage, operating costs are low and profits are strong. The seller is motivated.
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.