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Savannah Suites - Pleasanton

$3,000,000

910 Palmer Lane, Pleasanton, TX 78064

Active
Last Updated: 04/04/2022

12

Cap Rate

360,000

NOI

Details:
Cap Rate:    12%
NOI:    $360,000
Lot Area:    1.82 acres
Keys:    64
ADR:    $51
Year Built:    2015
Management:    Unencumbered
Floors:    3
Parking Spots:    66
Highlights:
  • 64 Guest Rooms
  • 15 Queen Rooms
  • Interior Corridor
  • 36 Double/Double Rooms
  • Three Story Building
  • 13 King Rooms
  • Guest Rooms
  • 288 to 318 sq. ft., approximately
Description:

Kitchenettes in every room including full sized refrigerator, microwave oven, two-burner stove top with hood vent, small sink, cabinets and counter space, coffee maker and kitchenware.

AMENITIES: Fitness Room, Guest Laundry, Guest Lounge, Business Center, Vending

**SOLAR SYSTEM: SBA 504 Green approved Property: solar electric system generating over 10% of the required power to operate the hotel.

Primary System Components: 154 Renesola America JC300S-24/Ab PV Module; 154 Enphase Energy M250-60-2LL-S2x (240V) Inverter.

EQUIPMENT: Commercial Laundry, Voice Mail System, Satellite Television System, Solar
Power System

COMMENTS: Excellent location on Highway 97 in the City Limits of Pleasanton. Directly across Highway 97 is a Super WalMart, a Tractor Supply and several restaurants and stores. The hotel is just 2 miles from Interstate 37 which leads directly to San Antonio, approximately thirty miles north. The hotel is also just one half mile from the hospital and the local branch of the University of Texas. Pleasanton is in the heart of the Eagle Ford Shale Play and is home to many oil companies and oil service companies

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