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Extended Stay Hotel - Baytown, TX



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This is a three year old independently operated, budget-friendly 32 rooms hotel plus a 3 bedroom apartment and a 2 bedroom apartment in Baytown, Texas. They have affordable accommodations, practical in-room amenities, and convenient access to local businesses, major highways, and Houston-area attractions.

This hotel offers value, convenience, and a comfortable, straightforward stay rather than luxury or resort-style services.  Key features include:
* Rooms: king size beds, air conditionng, cable television, private bathrooms, and non-smoking accommodations. Each room has a kitchenette that includes a full-size refrigerator, microwave, and cooking equipment, making them useful for longer stays and business travelers. 
* Other Features: Free parking, accessibility features that include luggage storage, and guest laundry.
* Amenities: Free Wi-Fi, air conditioning, flat-screen televisions, and spacious bathrooms. 
* Guest services: Contact information for assistance, accessibility inquiries, group reservations, and corporate rates.
*  Local travel information: Suggestions for family activities, nature outings, entertainment, and Houston-area attractions.
* The facilities include a large 3 bedroom apartment which is ideal for a manager or family operating the business, plus a 2 bedroom apartment.
Location and nearby attractions:

  • Baytown Nature Center — outdoor recreation, fishing, hiking, and wildlife viewing.

  • Pirates Bay Water Park — a family-friendly water park.

  • Baytown Historical Museum — local history and exhibits.

  • Houston attractions — downtown Houston, museums, parks, sporting venues. and Nasa Space Cente.

  • Local industrial and business facilities — convenient for workers and business travelers in the Baytown area.

Third-party booking sites generally report positive guest feedback about room cleanliness, room size, value for money, and staff helpfulness. 

 

Expansion Opportunities:

*  Curently operating at 60% occupancy with an ADR of $58 to $61

*  They have a breakfast bar & dining area.

*  Could be convertied to apartments or assisted living center with a centeral dining room.



Listed By: Jeffrey Jones

Background information

Reference:

82574

Year established:

6/23

Reason selling:

Family health issues and owns other commercial properties

Finance

Sales:

$228,000

Profits:

Undisclosed

Operations

Operating hours:

24/7

Employees:

The Manager is paid $3,000 p/m., plus a 3 bedroom apartment.

Equipment:

All rooms are fully furnished and there is a laundry room for use of staff and a separate laundry room for tenants use.

Inventory:

None

Premises

Facility:

The building is 17,410 sq. ft. on 1.04 acres

Location:

On major highway in the Baytown area.

Price and terms

Price:

$2,200,000

Down payment:

$250,000

Financing:

$250,000 Cash Down, assume exising 5 year bank note of $900,000 payable $11,000 p/m and a Seller Note for $1,050,000 payable baed on 30 year amortization which will baloon in 5 years at 6% interest starting 1 year after closing date.

Training:

As needed