Quality Inn Tyler, TX Listed For Sale

CBRE Hotels is soliciting offers to acquire the fee-simple interest in the Quality Inn in Tyler, Texas. The Hotel is an interior corridor 144-room full-service hotel including a large conference room and banquet, bar, full kitchen and restaurant space. 

The Hotel is currently operating 106 rooms, with 38 rooms that can be put into service. Additionally, the Property is conveniently located off Highway 69 and the 323 Loop, providing easy access to the area’s demand generators. Tyler is a diverse community with an economy based on retail, healthcare, education, and manufacturing.

• Unencumbered by Brand – The Hotel is being offered unencumbered by brand. Opportunity to convert to Best Western or Sonesta Branded Hotel. Please ask broker for details.
   
• Underperforming Nearby Hotels – The Hotel is significantly underperforming nearby properties. As of the TTM July 2024, the Best Western Plus is at $53.40 RevPAR and the Comfort Suites is at $65.18.
   
• Offered at a Fraction of Replacement Cost – Even with renovations, property will be well below replacement cost.
   
• Diverse Demand Generators – The Hotel is in proximity to multiple demand generators in Tyler, including UT Tyler, Tyler Rose Garden Center, Caldwell Zoo, UT Health East Texas, and Liberty Hall. Thanks to its strategic location, the Quality Inn is positioned to capture business from a diverse population of both corporate and leisure clientele.
• Strong Market – Home to 106,440 people, Tyler is a cultural and economic hub for the region. From the renowned Rose Festival celebrating floral beauty to the esteemed Goodman-LeGrand House showcasing historical significance, Tyler offers diverse experiences for art, history, and nature enthusiasts. Beyond cultural offerings, Tyler thrives as a center for healthcare, retail, education, and manufacturing.

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