Hotel for sale in Texas

Austin Hotel Market is Rising
One of the Best Hotel Markets in U.S.

The Austin Comfort Suites for sale is a 65 room, limited service, all suite hotel.

The Comfort Suites property is a well maintained, good mid-scale franchise hotel located in Austin Texas.

The hotel building is a 3 story interior corridor structure built in 2000 of wood frame, stucco exterior, pitched composition shingle roof, and concrete drives. There is an elevator, laundry, and outdoor pool.

Property has been well maintained, with approximately. $350,000 of improvements completed in 2006, 2007 & 2008.

Austin is located in the beautiful hill country, and has a high quality of life.

Austin has many demand generators including:

• State Capitol & government
• University Of Texas
• High tech industry
• Large tourism and convention business
• Numerous events & festivals throughout the year
• New Formula 1 racetrack under construction opening 2012

As a result, Austin (& Texas) has not seen the dramatic economic downturn that many other cities experienced. Economists expect the area to rebound more quickly than other areas in the country.

Hotel Features:

• Business Center Elevator
• Fitness Center
• Wireless High Speed Internet Access
• FEMA Approved
• Guest Laundry
• Interior Corridors
• Meeting Room
• Outdoor Whirlpool/Hot Tub
• Seasonal Outdoor Pool
• 100% Smoke Free Hotel

Austin is #1 in the nation for cities recovering from the recession according to the Brookings Institute study released in late 2010.

Excellent opportunity to purchase a good limited service hotel in a great growth city at a discount from 2008 price. The value of this property in 2008 was estimated at over $5.5 m.

Great upside potential as the Austin economy continues to improve.

Price is $4,000,000

• 3.75 X trailing 12 revenue
• $61,538 /room
• 3.5 X 2011 projected revenue, and 3.2 X 2012 projected revenue