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SureStay Plus by Best Western Beaumont Hotel – Image Credit HVS
The 135-key SureStay by Best Western Beaumont, a limited-service hotel located in the Beaumont-Port Arthur metropolitan area in Southeast Texas, is up for acquisition. The hotel offers a value-added opportunity for a new owner to restructure operations to boost net operating income.
HVS Brokerage & Advisory offers an exclusive opportunity to acquire the 135-key SureStay by Best Western Beaumont, a limited-service hotel in Beaumont, Texas. The Beaumont-Port Arthur metropolitan statistical area is a three-county region in Southeast Texas, primarily driven by the oil and gas (O&G)/petrochemical and manufacturing industries.
Value-Add Opportunity
The hotel is institutionally owned and operated with a full staff. A more hands-on owner/operator could restructure the hotel’s operations to boost net operating income (NOI). In 2024, the hotel underwent extensive renovations and was converted to a SureStay Plus by Best Western, leading to expected significant room revenue growth.
Financial Performance and Market Position
The hotel’s trailing-twelve-month (TTM) rooms revenue amounted to $864,000. The hotel achieved a 19.4% RevPAR increase compared to last year’s period. However, the hotel ranked last among its competitors in terms of occupancy and RevPAR. With a focused revenue-management strategy, a new owner/operator could increase the hotel’s RevPAR penetration closer to its historical average.
Incredible Pricing
The property is priced below replacement cost at less than $30,000 per key. The estimated all-in investment would be a minimum of $100,000 per key to construct a similar limited-service asset with comparable amenities.
Robust Petrochemical and Energy Market
Beaumont is attracting considerable investment through large-scale industrial and infrastructure projects. These include expansions in petrochemical processing, clean energy, advanced recycling, and storm protection systems, all of which contribute to the economy’s robustness.
Key Developments Fueling Market Expansion
Several key developments, such as Linde’s $1.8 billion blue hydrogen production complex and Cormorant Clean Energy’s $1.2 billion ultra-low-carbon ammonia plant, are expected to bolster the local economy. ExxonMobil’s advanced recycling operations expansion and Entergy Texas’s construction of a $1.19 billion 1,215-megawatt OCAPS are also contributing to the market expansion.
Location and Demand Generators
The property benefits from its strategic location along Interstate 10 (I-10), close to corporate demand drivers and popular tourist attractions. These include the Texas Energy Museum, Spindletop-Gladys City Boomtown Museum, Ford Park Arena, Beaumont Children’s Museum, and Gator Country Adventure Park, adding to the hotel’s appeal.
Inquire at HVS.
