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Rodeway Inn & Suites Hemphill 6500 State Highway 21

44 Room Hotel Milam, TX 75959 £1,109,262 (£25,211/Room)

Executive Summary

Here is an amazing opportunity to get an established business on Toledo Bend Lake. Toledo Bend is one of the best bass fishing lakes in the country. This 44 unit hotel is operational and in a prime waterfront location. The owner does not have financials. Selling as an asset only.

Property Facts

Price £1,109,262
Price Per Room £25,211
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 3.72 AC
Building Size 21,344 SF
No. Rooms 44
Number of Floors 2
Year Built/Renovated 1996/2005
Parking Ratio 3/1,000 SF
Corridor Interior

Amenities

  • High Speed Internet Access
  • Public Access Wi-Fi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 4 £67.35 -
Guest Room 40 £48.33 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R000025101
Land Assessment
£267,641
Improvements Assessment
£253,437
Total Assessment
£521,078

zoning

Zoning Code None
None
  • Listing ID: 33377069

  • Date on Market: 02/10/2024

  • Last Updated:

  • Address: 6500 State Highway 21, Milam, TX 75959

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