Texas Hotel for Sale | Cherotel Hotel & Conference Center near Coast & Houston

Texas Hotel for Sale on The Hotel Inventory
Texas Hotel for Sale | Cherotel Hotel & Conference Center near Coast and Houston

The Hotel Inventory is proud to announce a new Texas hotel for sale listed by Dick Payne of Southwest Hotels LLC. The Cherotel Hotel & Conference Center is a 115 unit hotel located near Coast and Houston.

The hotel has 115 rooms, 25 kitchenettes and suites. Meeting space available for banquets and weddings. It can seat 250 people. Classroom seating for meetings will seat up to 150. This hotel has the only meeting and conference space within 45 miles. The hotel has a lounge, wi-fi, continental breakfast and new flat screen televisions. There is an excellent GM and sales manager on site for an absentee owner.

There is a high volume of extended stay clients along with a high percentage of direct bill corporate accounts. There is a steady volume of established clientele with Dow Chemical nearby and Port of Freeport for shipping crews in layover. Monthly extended stay rates range from $1,400 to $2,800 per month.

The Cherotel Hotel and Conference Center is the number 1 hotel in the market on TripAdvisor and the hotel recently renewed their AAA 3 diamond rating. There is existing financing available for assumption at 5.5%.

The Hotel Inventory is a third party marketing site. Though we do not doubt the accuracy of the information above, we have not verified the data obtained from the listing party. We can make no guarantee, warranty or representation about the property’s information. Futhermore, this post was added shortly after the addition of the property to our main site, www.TheHotelInventory.com. We will keep this post as updated as possible, but highly suggest that you visit the site to view the latest updates regarding this property including, but not limited to, the property’s availability, price, and any financial information that might be available.

The Hotel Inventory is a real estate marketing firm specializing exclusively in the hospitality industry. Founded in 2009, The Hotel Inventory has quickly become an irreplaceable, full-service, marketing tool for hotel professionals across the nation. With over 800 properties posted for sale and strategic lead generation services, The Hotel Inventory has assisted in tens of millions of dollars in hospitality transactions to date.

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