Best Western Canton Inn
77 Keys | 9.5% Cap | 12.65 Cash on Cash
Marketing description
Property Description
Seize a rare opportunity to acquire a proven, income-generating hospitality asset in the heart of East Texas. Ranked #1 of 6 hotels in Canton on TripAdvisor, the Best Western Canton Inn offers 77 well-appointed rooms backed by one of the most reliable demand drivers in the region: First Monday Trade Days, the world's largest flea market, drawing vendors and shoppers from across the United States every single month. That's 12 built-in demand cycles per year — a competitive advantage few hospitality assets can match. The property features renovated guest rooms, an outdoor pool, fitness center, business center, and complimentary hot breakfast, all operating under the nationally recognized Best Western flag with its global loyalty program and booking infrastructure. Additional leisure demand from Splash Kingdom Water Park and world-class golf courses further diversifies the revenue base. This is a turnkey asset with a strong brand, a proven guest record, and a market position that is exceptionally difficult to replicate.
Location Description
Canton serves as the county seat of Van Zandt County and the retail hub for a regional population of over 55,000. Situated in the I-20 corridor just one hour east of Dallas, the city enjoys exceptional connectivity via Interstate 20, U.S. Highway 80, State Highway 19, and State Highway 64 — placing it within easy reach of major Texas markets. Fort Worth is 1.5 hours west, Shreveport 2 hours east, and Houston roughly 3 hours south. Canton is home to Trinity Mother Frances Health System's Canton clinic and a growing mix of light industrial, retail, and service-sector employers. While no four-year university sits within city limits, the broader East Texas region is served by several colleges within an hour's drive. Known as the "Gateway to East Texas," Canton draws visitors year-round to First Monday Trade Days, Splash Kingdom Water Park, Purtis Creek State Park, and the scenic lakes and waterways that define the East Texas landscape.
The Best Western Canton Inn is conveniently located in the heart of Canton, Texas, offering easy access to both business and leisure travelers. Situated just off Highway 19, the hotel is minutes away from the famous First Monday Trade Days, making it an ideal choice for those visiting the area for this popular event. The inn is also close to local businesses and downtown Canton. Hotel guests will appreciate the nearby dining and shopping options, including four restaurants within walking distance of the hotel.
Area attractions like Splash Kingdom Water Park, and world-class golf courses are within miles of the Hotel. Natural beauty surrounds Canton, with Lake Canton, local parks, and hiking trails just a short drive away. Dallas/Fort Worth International Airport (DFW) is about an hour and a half drive away, while Tyler Pounds Regional Airport (TYR) is approximately 45 minutes, offering additional travel options. With its prime location, modern amenities, and proximity to both business centers and recreational spots, Best Western Canton Inn is a great base for any trip to the area.
Investment highlights
Renovated in 2024
Offered at a current Cap Rate of 9.5%
Offered at a current cash on cash return 12.65%
77 rooms arranged over 2 floors
Price includes 100 Storage Units and RV Parking Park
Newly added splash pad area at seasonal outdoor pool
Canton First Monday Trade – 1 mile
Splash Kingdom Water Park – 1 mile
Van Zandt Country Club – 1 mile
Twin Lakes Golf Course – 8 miles
Garden Valley Golf Course – 15 miles
Lake Fork – 28 miles
Lake Tawakoni State Park – 30 miles
Canton Airport - .6 miles
Dallas Love Field - 60 miles
DFW Int’l Airport – 75 miles
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