Hotels for Sale

COMFORT SUITES NORTHWEST AUSTIN, TX

Address:
Austin, Texas
Description:

UNDER CONTRACT

  • Fee simple interest in the 65-Room Comfort Suites offered at a discount to replace cost
  • Offered with attractive, fixed-rate assumable CMBS financing at competitive terms
  • Property will be sold unencumbered of management with the ability to retain the Comfort Suites flag via a long-term license
  • Approximately $950,000 ($15K per key) of completed Cap Ex and minimal change of ownership PIP anticipated
  • Located less than three miles south of the U.S. Route 183 and Highway 45 interchange with upwards of 180,000 cars passing the
location daily
  • Situated in the fast-growing area of North Austin/Cedar Park which is home to the Lakeline Mall with over 150 national retailers and restaurants including: Chico's, H&M, Victoria’s Secret, Bath & Body Works and Starbucks
  • Proximate to all regional demand including Texas State Capitol, The Domain, Austin-Bergstrom International Airport, Circuit of the Americas F1 Racetrack, University of Texas at Austin and Austin Convention Center

Listing Agents

Kami Burnette
T | 512.831.5605
Email

Omari Head
T: 773.315.5704
Email

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