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
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