This brand new Texas hotel for sale is located in the city of Center. This is a brand new Hampton Inn & Suites hotel that opened in May 5, 2011, and it is situated in the largest natural gas find in the United States. The actual Year-to-Date occupancy for this hotel was 112% with and ADR of $128.91. The first full year revenue revenue is projected to be $2,790,000 with 54% NOI. This fee-simple hotel has 3 floors, state of the art in room entertainment center divider in all suites, granite counter tops, the latest fitness facilities, gift show, 37 inc LCD flat panel televisions, swimming pool and spa. The hotel is being offered at $7,950,000.
Highly active in the commercial brokerage community, Subhash Naik (also goes by “Naik”) is known to “Make Deals Happen” not giving up when issues and problems come up on a deal, which happens in every deal as everyone knows. Naik describes himself as a management-driven, profit oriented, business analyst with superior problem solving ability. He brings these skills to serve the needs of his clients to help them profit from his Strong background in hospitality management and brokerage. Naik’s business expertise encompasses over 20 years of work in hospitality acquisitions, development, franchising, financing and marketing, he is ideally poised to assist Swoboda Hospitality Specialists’ clients in making the best possible hospitality transaction.