43-Room Texas Hotel

Reddy Inn & Suites

Removed to Private Sale

Bidding period not set.
Bid Increment: $500,000.00
Starting Bid: $500,000.00
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.

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