1344 Eaton Dr Sulphur Springs, TX 75482 1
EXECUTIVE SUMMARY VITAL DATA Loan Type All Cash Ownership Type Fee Simple Number of Rooms 65 Rentable Square Feet 42,082 Number of Buildings 1 Number of Stories 3 Year Built 2009 Lot Size 3.24 acre(s) MAJOR EMPLOYERS EMPLOYER # OF EMPLOYEES Christus Mother Frances Hospit 550 Pinnacle Fabrication Company 300 Walmart 300 Flowserve 206 Sulphur Sprng Hlth Rhblitation 204 Aluf Plastics Texas Division 203 Ocean Spray Cranberries Inc 175 CMH 165 Grocery Supply Company 153 Lowes 150 Winburn Milk Company Inc 135 Alliance Bank 134 DEMOGRAPHICS 1-Miles 3-Miles 5-Miles 2017 Estimate Pop 3,900 15,571 18,066 2017 Census Pop 3,982 15,297 17,665 2017 Estimate HH 1,543 6,044 6,953 2017 Census HH 1,572 5,945 6,805 Median HH Income $41,019 $38,238 $39,613 Per Capita Income $24,560 $22,155 $22,797 Average HH Income $61,716 $56,327 $58,543 # 2
INVESTMENT OVERVIEW The La Quinta Inn & Suites - Sulphur Springs is offered for sale on a Request for Offers basis. The subject hotel generated gross room revenue in excess of $900k during 2017. Between 2014 and 2016 the subject hotel has been consistently producing gross room revenue between $930k and $1M. The La Quinta Inn & Suites Sulphur Springs may trade at a significant discount to replacement cost. The new owner may also have to incur additional capital expenses to cover the PIP from franchisor. A qualified and experienced prospective buyer may obtain new financing from the existing lender. INVESTMENT HIGHLIGHTS 65-Room, Interior Corridor, Limited Service Great Highway Location Off Busy Interstate 30 Close to Numerous Business and Leisure Demand Generators Offered at a Discount to Replacement Cost Less than 1.5 Hours from Dallas, Texas Market Revenue Trending Up 3
PROPERTY OVERVIEW The La Quinta Inn & Suites is a 65-room, interior corridor, limited service hotel located in Sulphur Springs, Texas. Built in 2009, this three-story hotel is a xx structure with a stucco exterior. The hotel's common area features include an indoor swimming pool/hot tub, business center, fitness center and meeting facilities are available. The guest rooms offer amenities such as at 32-inc flat screen television, microwave, mini refrigerator, recliner and a work desk with lamp. LOCATION OVERVIEW Sulphur Springs is seated in Hopkins County, Texas and centrally located between (1.5 hours) the Dallas-Fort Worth metroplex and Texarkana. La Quinta Inn & Suites is directly off Interstate 30 and positioned in close proximity to diverse room demand generators. There are multiple corporate offices all located within 5 miles of the hotel, which include the Bob Evans Farms Foods Incorporated, Ocean Spray Cranberries, Grocery Supply Co. and Jeld-Wen Windows & Doors. Also, there are various leisure and entertainment venues within the region's radius. Some of these demand generators include Sulphur Springs Country Club, Hopkins County Museum, Heritage Park, Coleman Park, Lake Fork Reservoir, Hopkins Country Civic Center and Southwest Dairy Museum. With the great highway location and accessibility of the La Quinta Inn & Suites Sulphur Springs makes it an excellent location for leisure and business travelers alike. Common Area Amenities Indoor Swimming Pool/ Hot Tub Business Center Fitness Center Meeting Facilities Available Guest Room Amenities 32-inch Flat Screen Television Microwave Mini Refrigerator Recliner Work Desk with Lamp # 4
PROPERTY SUMMARY Property Price Property Address THE OFFERING SITE DESCRIPTION La Quinta Inn & Suites-Sulphur Springs Request for Offers 1344 Eaton Dr, Sulphur Springs, TX PROPOSED FINANCING FIRST TRUST DEED Loan Type SECOND TRUST DEED Loan Type All Cash All Cash Parking Location Ample Highway CONSTRUCTION Foundation Framing Exterior Parking Surface Roof [foundation] [framing] Stucco Concrete Pitched Shingles MECHANICAL HVAC Elevators Fire Protection [PTAC in Rooms] [Elevators] [Smoke Detectors/Sprinkler] CHANGE TO FRANCHISE Application Fee Parent Company Term Royalty / Marketing Fee $55,000 Minimum La Quinta Holdings Inc. [Term] 4.5% GRR / 2.5% GRR 5
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BEST WESTERN LINDSAY INN & SUITES PROPERTY PHOTO Marcus & Millichap closes more transactions than any other brokerage firm. FOR MORE INFROMATION CALL: Chris Gomes Senior Managing Director Investments, National Hospitality Group Office: (512) 338-7826 Mobile: (972) 824-5483 7 12