1008 Sheppard Rd

• Offered at 13.59% current cap rate.
• Offered at $49,375 per key, well below replacement cost.
• 26% Cash-On-Cash return
• Ideal size for owner-operator
• Owner Absentee property. Potential for a new operator to cut down on expenses and increase NOI.
• Currently operating at a 66% Occupancy and RevPAR Index compared to Compset. Perfect opportunity for an owner-operator to boost revenue and occupancy over time.
• New ownership may have to complete a new PIP. We are projecting an annual increase of 10% - 15% in topline revenue.
• Last Renovated in 2016
• 8 minutes from River Creek Golf Course
• 8 minutes from the Kiowa and Camanche Casinos
• Under 2 hour drive to Dallas-Fort Worth, Texas

Property Description

We are pleased to present the sale of the former Quality Inn & Suites located in Burkburnett, Texas, listed exclusively with Tabani Realty. The 36,281-square-foot hotel has 80 rooms and is listed at $49,375 per key, well below replacement value, and offered at a 13.59% Cap Rate. Quality Inn & Suites is currently operating at a 66% Occupancy and RevPAR index compared to Compset, providing an excellent opportunity for an owner-operator to boost revenue and occupancy over time. The newly renovated hospitality property offers guests spacious, renovated rooms, and access to the property’s indoor pool, fitness room, and business center. Located off Highway 44, the hotel is an 8-minute drive from the River Creek Golf Course, the Kiowa Casino, and the Camanche Casino. The subject property is also within a 2-hour drive from the Dallas-Fort Worth metroplex and only 13 miles from Wichita Falls, Texas.