Reddy Inn & Suites
Removed to Private Sale
|Bidding period not set.|
|Property Location:||724 US Highway 283 South, Albany, TX 76430|
Published Minimum Bid: $500,000
Tremendous Upside Potential - Located Within the Barnett Shale Oil & Gas Field
The Reddy Inn & Suites is a 43-room, interior-corridor, single-story motel in Albany, Texas. The existing building was built in 2007 and was converted from a retirement home to a hotel n May 2014. The property received a complete renovation ncluding upgrades to plumbing, electric and fresh paint. New furniture was purchased, along with an upgraded phone system and electronic access key system for the rooms.
Room amenities include flat screen LED televisions with satellite channels, microwave, mini-refrigerator and desk area. The motel offers complimentary breakfast in a spacious dining area. Currently, there is a fully-equipped kitchen area that has potential to operate as a restaurant, which a new owner can utilize as an additional revenue generator.