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Motel - I-10 East


This is a Palace Inn located east of Houston on Interstate I-10.  They have 44 rental rooms and a 2 bedroom w/kitchen owner/resident Manager apartment in a 2 story 10,473 sq. ft. building located on 1.147 acres.  Their average room rate is $65 which includes free Wi-Fi, free hot breakfast, flat screen TV, microwave and small refrigerator.  Occupancy has averaged 65% pre -Covid - 19 and now recovering.  Recently remodeled, this motel is clean and ready for more business.



Listed By: Jeffrey Jones

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Background information

Reference:

82456

Year established:

2004

Reason selling:

Acquiring a larger hotel.

Finance

Sales:

$700,000

Profits:

$250,000

Profit type:

Discretionary Earnings

Operations

Employees:

2 FT plus Owner

Equipment:

Fully equipped motel

Premises

Facility:

2 story 10,473 sq. ft. building on 1.147 acres of land

Location:

I-10 East of Houston

Price and terms

Price:

$3,200,000

Training:

As needed

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