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
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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.