Best Western in Post, Texas

Listing was updated at: 06/03/2019
Property Overview
Price/Rent PSF $ 3,400,000.00
Asset Type Hospitality
Trade Type Sale
SQ. FT. Available 24,558
Date Available 12/20/2018
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Floors 2
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Description

Location
The hotel is located 40 miles southeast of Lubbock, Texas.

Sale
Best Western is an interior corridor, 42 room, two story hotel built on 5.33 acres in Post, Texas. Constructed in 2002, the hotel is located 40 miles southeast of Lubbock, Texas, the economy mainly consists of Agriculture, Industrial, and Oil related businesses.
Since the purchase of the hotel a few years ago, the owners have spent approximately $250,000 renovating the property to include exterior and interior painting; guest room lighting; lamps and drapery; hallway carpet; new breakfast tables and chairs; front desk and breakfast counters; ceramic tile in the lobby/public areas and guest room bathrooms; new toilets and granite counters in guest bathrooms; public area seating; new corridor LED lights; new hot water heater; canopy lights; and concrete repairs. Property was constructed with ADA standards.
Current ownership is absentee, they live out of town, and the property is being overseen by local managers in the city. This investment provides an owner operator the opportunity to purchase the hotel and increase NOI.
More information on the hotel can be found on the following website: www.bestwesternpost.com

Location