for sale
Best Western (Palestine Inn)
1601 W Palestine Ave | Palestine, TX 75801
Investment Highlights
- Absentee managed allowing for owner/operator to increase revenues and decrease costs
- Financing available for qualified buyers (SBA7a, SBA 504, and Conventional)
- Manager’s apartment on-site
- Rated over 4/5 and 8/10 on all booking sites
- Tremendous upside as property is performing at 65% RevPAR Index
Property Description
Jigar “Jay” Desai of NewGen Advisory is proud to present for sale the Best Western (Palestine Inn), located in Palestine, TX. This two-story, 66-room, exterior-corridor hotel has been a reliable lodging option since its opening in 1982 and continues to operate successfully as a midscale franchise under the Best Western brand. Positioned on 2.7 acres in a small metro market, the property combines strong brand recognition with consistent performance. This property’s performance is further supported by multiple Best Western Director’s Awards for quality and service.
The Best Western Palestine Inn offers a well-rounded guest experience through its on-site restaurant serving complimentary hot breakfast, outdoor swimming pool, hot tub, business center, and meeting space. The leased restaurant provides additional income with no landlord responsibilities, making it an attractive feature for investors. With updated guestroom amenities, ample surface parking, and a strong reputation in the region, this property presents an appealing opportunity to acquire a stabilized, income-producing hospitality asset in the East Texas market.
Location Description
Palestine, Texas is a historic East Texas city known for its natural beauty, the Texas State Railroad, and a rich cultural heritage with numerous historic markers. Located in the Piney Woods region, it offers outdoor activities like hiking at Davy Dogwood Park and fishing at Wolf Creek Lake, along with a charming downtown area featuring antique shops and local eateries. The city is easily accessible via U.S. Highways 79 and 287, approximately 1.5 to 2 hours southeast of Dallas and north of Houston.
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Click the “Complete Confidentiality Agreement” button below to access the due diligence files. After you submit the CA form, you will receive an automated email with links to the due diligence files and offering memorandum.
Jigar “Jay” Desai
Senior Vice President
AZ #SA675144000
(520) 664-4091
jigar.desai@newgenadv.com
BROKER OF RECORD
Charanjit Sandhu
Gulf Coast Hotel Brokers
TX #371753