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43-Room Texas Hotel

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    Minimum Bid

    $500,000

    Auction Date

    4/20/2017
    Auction

    Hotel/Hospitality
    Albany, TX

    1.25 Acres

    Highlights

    ONLINE AUCTION - APRIL 20

    43-Room Reddy Inn & Suites

    Published Minimum Bid $500,000
    Built in 2007 & Renovated in 2014!

    Tremendous Upside Potential – Located Within the Barnett Shale Oil & Gas Field

     CLICK HERE TO BE TAKEN TO THE ONLINE AUCTION PAGE

    Description

    The Reddy Inn & Suites is a 43-room, interior-corridor, single-story motel in Albany, Texas. The existing building was built in 2007 and was converted from a retirement home to a hotel in May 2014. The property received a complete renovation including upgrades to plumbing, electric and fresh paint. New furniture was purchased, along with an upgraded phone system and electronic access key system for the rooms.

    Room amenities include flat screen LED televisions with satellite channels, microwave, mini-refrigerator and desk area. The motel offers complimentary breakfast in a spacious dining area. Currently, there is a fully-equipped kitchen area that has potential to operate as a restaurant, which a new owner can utilize as an additional revenue generator.

     

      

     

     

     

    8% Buyers Premium. In cooperation with Broker/Auctioneer Paul A. Lynn & Assoc., LLC TREC #9000489. Auc. Lic. #9627.

    Contact Broker

    Jeff Azuse
    (P) - (847) 418-2703
    (E) - jazuse@hilcoglobal.com

    Paul Lynn
    (P) - (832) 598-8243
    (E) - plynn@hilcoglobal.com