Avid by IHG
 
5400 Rexora Dr Beaumont LA 77707
$11,500,000
List Price
1.46 %
Cap Rate
95
Total Rooms
$168,405
NOI
INVESTMENT SUMMARY
  • The Avid by IHG consists of 95 rooms. The hotel was built in 2020 . The first avid hotel in SE Texas near Parkdale Mall and McFaddin-Ward House Museum, and minutes from Gator Country & Spindletop-Gladys City Boomtown Museum. We're close to great local restaurants such as Floyd's Cajun Seafood & Texas Steakhouse, Republic Chicken, and Frankie's Italian Grill; and just a short hop to events and concerts at Ford Park, Beaumont Civic Center, Jefferson Theatre, and the Julie Rogers Theatre. The hotel offers 24-hour business center and 950-square-foot meeting facility for corporate needs. free high-speed internet access, a desk and phone, pantry with a mini-fridge, coffee maker and microwave. all rooms come equipped with microwave, refrigerator, 55 inch tvs, and free wired & wireless high-speed internet access.
INVESTMENT CONSIDERATION
  • The hotel is offered unencumbered by Management and debt
  • The franchise license agreement will be extended to the new ownership.
  • Franchise Attributes Avid is a fast-growing brand has been a breath of fresh air in the midscale segment since its launch in 2017 and has proven so popular that it’s already IHG’s second largest contributor to system size. The secret behind its rapid success? The brand’s inherent innovation and flexibility, which drives its straightforward approach to focusing on the things that truly matter to both guests and owners, providing consistently outstanding quality at an extremely competitive price.. IHG features a strong loyalty program with over 100 million members. its considered the first and largest guest loyalty program in the hotel industry.
  • Global presence 59 OPEN HOTELS 5,353 OPEN ROOMS 145 PIPELINE HOTELS 12,385 PIPELINE ROOMS
  • Avid is offered as part of the portfolio with the Holiday Inn Express Inn & Suites in Lakes Charles, LA.
Excellent Location
  • The first avid hotel in SE Texas near Parkdale Mall and McFaddin-Ward House Museum, and minutes from Gator Country & Spindletop-Gladys City Boomtown Museum. It's close to great local restaurants such as Floyd's Cajun Seafood & Texas Steakhouse, Republic Chicken, and Frankie's Italian Grill; and just a short hop to events and concerts at Ford Park, Beaumont Civic Center, Jefferson Theatre, and the Julie Rogers Theatre. conveniently located off I-10 and Walden Road. close to CHRISTUS Southeast Texas St. Elizabeth, Baptist Hospitals of Southeast Texas and Lamar University.
FOR MORE DETAILS CONTACT
Julian Mazili
President
(813) 299-7045
jmazili@mazilihotelgroup.com
Michael Cherry
Managing Director
(562) 842-6553
mcherry@mazilihotelgroup.com
Btissam Jaafar
Senior Investment Associate
(407) 592-7789
btissam@mazilihotelgroup.com
Jeanne Blomster
Managing Director
(210) 559-2909
jblomster@mazilihotelgroup.com