holiday inn express & suites · investment overview holiday inn express & suites perryton...

Each Office Independently Owned and Operated singhcommercialgroup.com/

SAN ANTONIO, TX210.696.999610999 IH-10 West,Ste. 175San Antonio, TX 78230

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

RAV SINGH, CCIMAssociate Broker0: 210.696.9996C: [email protected] #0560351

OFFERING SUMMARY

SALE PRICE: $6,475,000

PRICE/ROOM: $87,500

CAP RATE: 9.5%

NOI: $642,805

# OF ROOMS: 74

RRM (2018): 3.5X

LOT SIZE: 1.968 Acres

YEAR BUILT: 2016

BUILDING SIZE: 42,408 SF

ZONING: Commercial

MARKET: Perryton

PRICE / SF: $152.68

PROPERTY OVERVIEWThe Holiday Inn Express is a newly built 74 room, interior corridor, 3 story hotellocated in Perryton, TX. Built in 2016, this mid-scale hotel was constructed withIHG's Formla Blue design standard. Attractively priced at $87,500/Key. Propertyamenities include a fitness center, business center, laundry facilities, outdoorswimming pool. Located along Highway 83, 8 miles from the northern border ofTexas/Oklahoma in the Panhandle, the Holiday Inn Express and Suites Perryton islocated minutes away from shopping, the Museum of the Plains, agriculture and oilbusinesses and serves transient highway travel, destination, and local guests.

2723 South Main Street, Perryton, TX 79070

HOLIDAY INN EXPRESS & SUITES

HOSPITALITY FOR SALE

http://www.singhcommercialgroup.com/





LOCATION INFORMATION

Building Name Holiday Inn Express & Suites

Street Address 2723 South Main Street

City, State, Zip Perryton, TX 79070

County Ochiltree

Market Perryton

Signal Intersection No

Road Type Paved

Market Type Small

Nearest Highway Highway 83

Nearest Airport Rick Husband InternationalAirport

BUILDING INFORMATION

NOI $642,805.78

Cap Rate 9.5

Occupancy % 52.0%

Tenancy Single

Number of Floors 3

Year Built Oct 2016

Condition Excellent

Free Standing No

Number of Buildings 1

PROPERTY HIGHLIGHTS• Latest prototype, built October 2016; Market leader in

performance and amenities

• 52% OCC and $132 ADR on November 2019 actuals

• 9.5% Cap Rate on 2018 actuals with 3% managementexpense in place

• As of Nov 2019, the Hotel Achieved Roughly 10% moreRevenue than 2018. Stabilized revenue expected over $2M byend of year four

• Revenue Increase of over 27% from 2017 to 2018 and on paceto do 10% higher this year

• Priced at $87,500k/door on turnkey upper-midscale hotel

• The Hotel is ready to be managed by Owner -Operator, withthe ability to control costs and increase revenue

• The hotel is rated 4.5 stars on TripAdvisor









Holiday Inn Express & Suites









INVESTMENT OVERVIEW HOLIDAY INN EXPRESS & SUITES PERRYTON

Price $6,475,000

Price per Room $87,500

RevPAR $71

ADR $132

OCC 52%

CAP Rate 9.5%

Cash-on-Cash Return (yr 1) 23.87 %

Total Return (yr 1) $385,541

Debt Coverage Ratio 1.93

OPERATING DATA HOLIDAY INN EXPRESS & SUITES PERRYTON

Gross Income $1,775,611

Operating Expenses $1,132,805

Net Operating Income $642,805

Pre-Tax Cash Flow $309,117

FINANCING DATA HOLIDAY INN EXPRESS & SUITES PERRYTON

Down Payment $1,295,000

Loan Amount $5,180,000

Debt Service $333,688

Debt Service Monthly $27,807

Principal Reduction (yr 1) $76,423









LOCATION DESCRIPTION

Located along Highway 83, 8 miles from the northern border ofTexas/Oklahoma in the Panhandle, Perryton, the County Seat ofOchiltree County situated in the north central portion of the county,116 miles northeast of Amarillo, 398 miles northwest of Dallas, and374 miles northwest of Fort Worth.

KEY FACTS

• Population: 9,358

• Median Income: $50,482

• Median Age: 30.9 years

• Land area: 4.43 square miles

• SOURCE: http://www.city-data.com/city/Perryton-Texas.html

LOCATION DETAILS

Market Perryton

County Ochiltree

Road Type Paved

Market Type Small

Nearest Highway Highway 83

Nearest Airport Rick Husband InternationalAirport

MOST COMMON INDUSTRIES• Mining, quarrying, oil & gas extraction (21.5%)

• Agriculture, forestry, fishing & hunting (12.7%)

• Educational services (8.0%)

• Health care (7.5%)

• Construction (5.6%)

• Public administration (4.0%)

Perryton, TX









TX #0560351

RAV SINGH, CCIM

Associate Broker

[email protected]: 210.696.9996 | Cell: 210.849.2175

PROFESSIONAL BACKGROUND

Rav Singh CCIM is a licensed commercial real estate agent registered with Texas Real Estate Commission. Before joining KWCommercial, he owned and operated a graphic design and advertising business for 13 years. As a former marketer and business owner,he knows how and where to market the business and properties for maximum exposure while maintaining confidentiality. His client listincluded Audi, VW, Coca Cola and other top companies in the US.

After entering the commercial real estate and business brokerage field, he has represented and closed many deals and is now ready toserve you! He specialize in petroleum marketing (gas stations and c-stores), investment sales, foreclosure/REO, tenant rep, landbrokerage, multi-family, hospitality, and other cash producing properties in greater San Antonio Metroplex.

"Understanding and listening to the client's needs is where it all starts", says Rav, who works with investors and owner operators locallyand internationally. Originally from Panjab, India, having lived in the United States for over 30 years, Rav understands the blend of bothwestern and eastern cultures and can provide a higher level of service and analyze numbers to look at any investment project. Herecently achieved the prestigious designation of CCIM (Certified Commercial Investment Member), the PhD of commercial real estate, bytaking core courses and networking to learn, network, and better prepare to take advantages for the future opportunities!

He serves as a KW Commercial Director in the City-View Keller Williams office in San Antonio, Texas.

EDUCATION

BFA in Graphic Design with Minor in AdvertisingCCIM - Certified Commercial Investment Member

MEMBERSHIPS

CCIM - Certified Commercial Investment MemberCIPS - Certified International Property SpecialistNAR - National Association of RealtorsTAR - Texas Association of Realtors

SINGH COMMERCIAL GROUP10999 IH-10 West Ste. 175

San Antonio, TX 78230210.696.9996





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11-2-2015

Information About Brokerage Services Texas law requires all real estate license holders to give the following informaƟon about

brokerage services to prospecƟve buyers, tenants, sellers and landlords.

TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.

A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material informaƟon about the property or transacƟon received by the broker; • Answer the client’s quesƟons and present any oīer to or counter-oīer from the client; and • Treat all parƟes to a real estate transacƟon honestly and fairly.

A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:

AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent or subagent by the buyer or buyer’s agent.

AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.

AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:

• Must treat all parƟes to the transacƟon imparƟally and fairly; • May, with the parƟes' wriƩen consent, appoint a diīerent license holder associated with the broker to each party (owner and

buyer) to communicate with, provide opinions and advice to, and carry out the instrucƟons of each party to the transacƟon. • Must not, unless specifically authorized in wriƟng to do so by the party, disclose:

େ that the owner will accept a price less than the wriƩen asking price; େ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen oīer; and େ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng not to

disclose, unless required to do so by law.

AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacƟon without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.

TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.

LICENSE HOLDER CONTACT INFORMATION: This noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.

Licensed Broker /Broker Firm Name or Primary Assumed Business Name

License No. Email Phone

Designated Broker of Firm License No. Email Phone

Licensed Supervisor of Sales Agent/Associate

License No. Email Phone

Sales Agent/Associate’s Name License No. Email Phone

Regulated by the Texas Real Estate Commission

Buyer/Tenant/Seller/Landlord Initials

InformaƟon available at www.trec.texas.gov IABS 1-0

Date

Keller Williams Realty City View 547594 [email protected] 210.696.9996

Howard John Flournoy 127300 [email protected] 210.853.0753

Jim McClung 332864 [email protected] 210.696.9996

Rav Singh [email protected] 210.696.9996560351

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