Office Space For Sale @ 3205 Loop 286 Ne

The La Quinta Inn and Suites in Paris, Texas is exclusively listed with Tabani Realty. The La Quinta opened in 2007 and was most recently remodeled in 2018. There are 71 guestrooms with an overall living space of 50,472 square feet. The rooms are spread across 4 floors with interior corridors. The hotel sits on 2.435 acres of land that is also included in the sale of the hotel.

The property is offered at an attractive current cap rate (2020) of 10% and a cash on cash return of 23.34%. The revenue in 2021 has already exceeded its revenue in 1Q2020 by almost 75%. The revenue in 1Q2020 was $296,000 and 1Q2021 is $529,000. The cap rates and return in 2021 will be much higher than what they were in 2020.

The La Quinta has many amenities for their guests. There is an outdoor pool, fitness center, business center, meeting room, a sundry, and self-service guest laundry. There is also free parking, bus/truck parking, free Wi-Fi, and free breakfast. The hotel is also pet-friendly and non-smoking.

Overall, the hotel has great guest reviews across all booking platforms. In 2020, the property was awarded the Travelers' Choice Award from TripAdvisor. That means the hotel consistently earned great guest reviews from travelers and ranked within the top 10% of properties on TripAdvisor. This award is formerly known as the Certificate of Excellence Award. This space offers accomodations for: select service.