1128 Central Fwy

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Address: 1128 Central Fwy, Wichita Falls, Texas, US
Created date: February 15, 2024
Date last updated: May 16, 2024
  • ADR & RevPAR lower than comps, scope for improvement for new ownership.
  • Offered at $31,654 per key.
  • Offered at 7.5% Cap Rate.
  • Mismanaged property, absentee operator, potential to cut costs and increase NOI and Revenue.
  • Sits directly on I-44 with high visibility.
  • Close to Wichita Falls Sports Complex.
  • Can be converted to other Wyndham Family brands.

Property Description

Tabani Realty is pleased to present the La Quinta Inn by Wyndham in Wichita Falls, Texas. The limited-service hotel has 139 guestrooms and is listed at $31,654 per key. The La Quinta in Wichita Falls is a mismanaged property with the potential to cut costs and increase NOI. The property offers 139 guestrooms with interior corridors which were renovated in 2014. The building has an overall living space of 49,996 SF across two floors. The La Quinta Inn sits on 2.98 acres of land which is also included in the sale. The La Quinta Inn by Wyndham in Wichita Falls Event Center North sits directly on I-44, close to the heart of Wichita Falls. This location experiences high volumes of pass-through traffic due to both the major throughway and the large Wichita Falls Sports Complex.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Hospitality
Price: $4,400,000
No. of Units: 139
Year Built: 1972
Lot Size: 2.89 Sq ft
Opportunity Zone: No
Price per unit: $31,655
Property Website Click Here
Address: 1128 Central Fwy, Wichita Falls, TX 76306, USA
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