Texas Hotel for Sale | On Track to Generate $1M in Room Revenue

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The Texas hotel for sale in Denison Texas opened in May 2011, and is on track to generate $1M in room revenue over the course of 12 months. The fee-simple hotel was built in 1998, but was recently renovated in 2010. The three floor select-service hotel property has 75 guest rooms and ample parking. The amenities include and outdoor swimming pool, fitness center, meeting space sun deck and business center.

Jere Allen has been in the hospitality business for over 30 years. He began his career after graduating from Mississippi State University. He also has educational credit from Holiday Inn University, Best Western and Bass Hotels and Resorts. Since then Mr. Allen has been a part of every aspect of commercial real estate including development, management and ownership. He became a hotel broker in the early 1990s and quickly became the top salesman for Hotel and Motel Brokers of America in the South Central Region. He was the second highest producer in the Nation as an affiliate broker. Mr. Allen founded Sunbelt Hotel Brokers in 1995. Today, Sunbelt is licensed as a real estate broker in the states of Alabama, Mississippi, and Tennessee. In 1999 Hotel Business Green Book listed Sunbelt hotels Brokers in the top 20 Hotel Brokerage Firms in the Nation.

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