Sleep Inn & Suites Tyler South
Hospitality | 79 Keys | $70,886/key
Marketing description
Mumford Company, Inc., as exclusive representative of the Seller, is pleased to offer the 79 Key Sleep Inn & Suites located in Tyler, TX. This acquisition opportunity provides investors the ability to acquire an Midscale hotel asset with significant upside to push ADR after small completion of the PIP.
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Investment highlights
• Strategic Location in South Tyler’s Primary Lodging Corridor
Highly visible location near major commercial corridors with convenient access to Tyler’s leading demand genera-tors including healthcare institutions, universities, and retail centers.
• Diversified Demand Base Anchored by Healthcare and Education
Tyler serves as the medical hub of Northeast Texas with three major hospitals and major employers including UT Health East Texas and CHRISTUS Mother Frances Hospital, supporting consistent year-round lodging demand.
• Modern Interior Corridor Construction
Built in 2008, the four-story interior corridor hotel offers durable construction and an efficient operating layout at-tractive to both investors and owner-operators.
• Strong Historical Operating Performance
The property has generated consistent annual revenues averaging approximately $1.6 million with stable occupancy trends near 70% over the past several years.
• Efficient Owner/Operator Business Model
The 79-room configuration allows for streamlined operations and strong operating margins, making the asset well suited for an owner/operator seeking operational efficiencies.
• Opportunity to Increase Revenue Following PIP Completion
Completion of the brand-required PIP provides the opportunity for new ownership to reposition the asset, enhance guest experience, and drive improved ADR and occupancy.
• Regional Economic Growth and Population Expansion
Tyler continues to experience strong long-term population growth and economic investment, supported by healthcare, education, manufacturing, and regional distribution industries.
• Attractive Basis Below Replacement Cost
Offered at a price point significantly below replacement cost, allowing investors to acquire a stabilized hotel asset at a favorable basis relative to new construction.
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