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31851937
31851938

3801 Highway 73, Port Arthur, TX 77642

SS
CA CA 01859094
T S Hotel Advisors, Inc.
ST
CA CA: 01773230
T S Hotel Advisors, Inc.
Listed by T S Hotel Advisors, Inc.
$4,300,000
43 days on market
Updated 43 days ago

Baymont Inn & Suites Port Arthur

Details
APN 049400-000-037010-00000-1
Property Type Hospitality
Sub Type Hotel
Square Footage 78,591
Keys 115
Cap Rate 11.56%
NOI $497,056
Occupancy 49.2%
Price per SqFt $55
Year Built 1976
Year Renovated 2008
Buildings 1
Stories 2
Acreage 5.880
Parking Spaces 249 spaces
Parking Per SqFt 3.17
Investment Type Stabilized
Ownership Fee Simple

Hospitality | 115 Keys

Marketing description

T&S Hotel Advisors is pleased to present the Baymont Inn and Suites. Located in the city of Port Arthur, of the greater Beaumont Port Arthur MSA, is a 120-unit, 2-story, recently renovated exterior corridor hotel that is situated right off of Texas Highway 73. Highway 73 is one of the most heavily trafficked roads in Port Arthur, and is the primary road utilized by the many manufacturers and travelers who go from the refinery area of the city along the coast to Beaumont, the larger city of the local MSA. The hotel was recently renovated, and operations have begun to ramp up historically underperforming revenues since a change of management that came at the end of 2022. Currently the property is grossing $1.4 million dollars of room revenue, in the T-12 as of July 2024.

Ideally positioned on Highway 73 in the heart of Port Arthur, this property offers exceptional access to the area's primary demand drivers. Just one block from the Robert A. "Bob" Bowers Civic Center, the hotel benefits from event, conference, and civic traffic year-round. Guests are minutes from regional attractions including the Museum of the Gulf Coast, outdoor recreation at Sabine Lake, boating and waterfront activities at Pleasure Island Marina, and retail amenities at Central Mall. The location provides convenient access to dining, shopping, and major local employers, making it attractive to both business and leisure travelers.

Investment highlights

  • T&S Hotel Advisors is pleased to present the Baymont Inn and Suites. Located in the city of Port Arthur, of the greater Beaumont Port Arthur MSA, is a 120-unit, 2-story, recently renovated exterior corridor hotel that is situated right off of Texas Highway 73.
  • Highway 73 is one of the most heavily trafficked roads in Port Arthur, and is the primary road utilized by the many manufacturers and travelers who go from the refinery area of the city along the coast to Beaumont, the larger city of the local MSA.
  • The hotel was recently renovated, and operations have begun to ramp up historically underperforming revenues since a change of management that came at the end of 2022.
  • Currently the property is grossing $1.4 million dollars of room revenue, in the T-12 as of July 2024.
  • Ideally positioned on Highway 73 in the heart of Port Arthur, this property offers exceptional access to the area's primary demand drivers.
  • Just one block from the Robert A. "Bob" Bowers Civic Center, the hotel benefits from event, conference, and civic traffic year-round.
  • Guests are minutes from regional attractions including the Museum of the Gulf Coast, outdoor recreation at Sabine Lake, boating and waterfront activities at Pleasure Island Marina, and retail amenities at Central Mall.
  • Port Arthur serves as a major Gulf Coast petrochemical hub and one of the most significant refining corridors in the United States.
  • The hotel is strategically located near major refining and petrochemical operations including TotalEnergies Petrochemicals USA, Valero Energy, Sunoco, and ExxonMobil.
  • The concentration of refineries, LNG facilities, and industrial employers drives consistent corporate, contractor, and extended-stay demand, positioning the asset to capture stable year-round occupancy from the region's strong energy sector presence.

Listing Contacts

SS
CA CA 01859094
T S Hotel Advisors, Inc.
ST
CA CA: 01773230
T S Hotel Advisors, Inc.
Listed by T S Hotel Advisors, Inc.

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$497,056.00
$41,421.33/mo

Valuation Metrics

0
DSCR
11.56%
Cap Rate
11.56%
ROI

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Additional Information

Name
Scott Reid
License
739436
Brokerage
ParaSell Inc.,
Title
Broker of Record
Brokerage Address
940 South Coast Drive, Suite 100, Costa Mesa, CA 92626
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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