QUALITY INN MOUNT PLEASANT (AUCTION)

2515 W FERGUSON RD

MOUNT PLEASANT, TX 75455


Availability: Closed

Price: Starting Bid: $400,000

Address:
2515 W Ferguson Rd

Mount Pleasant, TX 75455

Number of Rooms: 59

Year Built: 1994

INVESTMENT OVERVIEW

Marcus & Millichap has been exclusively retained to offer for sale the fee simple interest in the 59-room Quality Inn located in Mount Pleasant, Texas. The hotel is a two-story property built in 1994 and located directly off Interstate 30. Quality Inn Mount Pleasant provides the opportunity for a new owner to acquire a limited-service hotel with potential to realize significant Rate and RevPAR growth through a local presence and hands-on revenue and rate management by closing the ADR gap with the STR Competitive Set.

INVESTMENT HIGHLIGHTS

  • Property is Located Just off I-30
  • Potential ADR Upside by Closing the ADR Gap with the STR Competitive Set
  • No Immediate Threat of New Supply
  • Proximate to Titus Regional Medical Center, Lake Bob Sandlin State Park, Sweet Shop USA, Priefert Manufacturing, Pilgrim's Mount Pleasant Plant, and More

EXCLUSIVELY LISTED BY

R. MCLEAN HICKLIN III

Mclean.Hicklin@MarcusMillichap.com

(864) 923-6223

ROBERT S. HUNTER

Robert.Hunter@MarcusMillichap.com

(954) 245-3473

BROKER OF RECORD

TIM SPECK
TX Broker of Record
972.755.5200 Direct
License: 9002994