Howard Johnson Hotel - Austin

Property Description
Main image Sold
Located: Austin, Texas
Offering Price: $3,750,000.00
Net Operating Income: $0.00
Financing: ALL OFFERS CONSIDERED
Room Revenue: $0.00
Renovated: About half of the property’s guestrooms have been completely reconstructed and with their 42” LCD TV’s, high-end case goods, stylish bath-rooms and vibrant colors, they provide guests with a very upscale lodging expe-rience. The other half of the guestrooms have been undergoing a refresh with new paint, linens and other amenity upgrades
Number of Units: 188
Land Area: 5.49 Acres +/-
Built: 1974


Summary

Swoboda Hospitality Specialists, has been retained as sole and exclusive agent for HAJ Servicing, L.L.C. (the “Seller). Located at the intersection of the Austin’s two main freeways, the I-35 and the 183 and less than 15 minutes from both Austin-Bergstrom International Airport and the Dynamic 6th Street Entertainment District. The Howard Johnson’s Austin North has interior corridors and 188 rooms located in six, two story buildings that form a perimeter around the hotel’s lush, private courtyard. About half of the property’s guestrooms have been completely reconstructed and with their 42” LCD TV’s, high-end case goods, stylish bath- rooms and vibrant colors, they provide guests with a very upscale lodging expe- rience. The other half of the guestrooms have been undergoing a refresh with new paint, linens and other amenity upgrades. While the property is currently being run as a select service hotel, it does have a full service restaurant and bar which, along with the hotel’s 7500 feet of meeting space, could be used to expo- nentially increase revenue versus the current operation model. This exclusive offering represents an excellent opportunity to acquire an asset with tre- mendous upside potential in one of the nation’s hottest hotel markets.

Highlights

  • $20,000 Per Room
  • Tremendous Upside Potential
  • $750,000 PRICE REDUCTIONli>
  • 1/2 of Rooms Completely Reconstructed
  • ALL OFFERS CONSIDERED!!!!!!

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