This 3 story Texas hotel for sale is a La Quinta Inn & Suites located in a city of Sulphur Springs. This hotel property has excellent is only one building with excellent curb appeal, and it was just established in 2009. It contains 65 guest rooms with suites, and select units include whirlpool bathtubs. The amenities include an indoor swimming pool, indoor spa, meeting space, breakfast area, fitness center, breakfast area and flat panel televisions. With an assume bank loan of 3,100,000 at 5.65%, the approximate monthly payment is $17,000.
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.