Business Overview
About the Company
Property Description
CASH ONLY \-2 WEEK CLOSING NEEDED 50% LAST APPRAISED VALUE
The Holiday Inn Beaumont East Medical Center, located at 2095 North 11th Street, Beaumont, TX, is a prime investment opportunity featuring 161 units, including 131 single rooms and 30 suites across six stories\. This full\-service hotel has undergone extensive renovations in 2006, 2009, 2012 and a major $15 million upgrade completed between 2016 and 2018\. Last appraisal at 20M from 2019 available\.
Amenities include the Red River Bar & Grille, three meeting rooms, a sundry store, a fitness room, guest laundry, a business center, and an outdoor pool\. Ideally situated within Beaumont's Medical Center and near downtown, the hotel is strategically positioned to capture long\-term petrochemical and downstream oil & gas business prevalent in the region\.
The property boasts a gross building area of 115,571 square feet on a 4\.36\-acre lot, offering modern facilities and excellent visibility from North 11th Street\. This ensures a steady flow of guests from both commercial and medical sectors\. Additionally, there is potential for redevelopment by adding an event center on unused land to improve hotel occupancy\.
Don't miss out on this exceptional investment opportunity\.
FF&E : $2,000,000 Not included in asking price
