2929 Jimmy Johnson Blvd
Port Arthur, TX 77642

Opened in 1984 this masonry block constructed Hotel was designed with 167 guestroom bays and had been operating as a 164 guestroom property until hurricane Harvey hit the region. Since that time the Hotel has operated with a usable inventory of approximately 100 guestrooms as ownership opted not to renovate the full inventory of units because they had made the financial decision to divest themselves of the Property and therefore to give purchasers additional options with regard to property design, branding and positioning. Currently the 164 guestroom bays are located in two guestroom buildings; a four-story interior corridor building and a two-story exterior corridor building. The two guestroom buildings are both adjacent to a one-story commercial building. With the exception of those units not in current inventory the Property is in good condition. Property features include an outdoor swimming pool with a large sundeck, a restaurant and lounge, five guestroom suites along with meeting facilities and two boardrooms. When in full operation the Hotel has almost 5,000 square feet of meeting space available for use. As part of the continued upgrades, maintenance and improvements performed at the Hotel, all kitchen cooking equipment was replaced several years ago and the mechanical motors in both elevators in the four-story tower been replaced since Harvey. Generally speaking, over the years the Hotel’s systems, structure and equipment have always been well maintained and as such should require minimal renovation capital upon purchase. The successful purchaser should plan to renovate and brand the Hotel. While several scenarios for moving forward are available to a new owner, we believe that there are two viable options that would make the most sense. Scenario one is to reduce the guestroom count in the exterior corridor building by converting two guestroom units into one guestroom suite. Extended stay suites are popular in the Port Arthur market and this would reduce the guestroom count at the Hotel to approximately 134 units. The purchaser could also dual brand the property at this point as well. Scenario two would be to demolish the two-story structure altogether resulting in a reduced room count of 103 units including six suites in the four-story tower, leaving reclaimed acreage for future development as market conditions evolve. There are numerous branding opportunities and property management options that would make either of these scenarios a very profitable investment. The all in cost of purchase, renovation and branding should be about $60,000 per key under scenario one or if the demolition project (scenario two) were selected about 80,000 per key, in a market where the cost to construct a new property would likely be in excess of $150,000 per key. The hotel is located in Port Arthur, TX about 15 miles southeast of I-10, 20 miles southeast of Beaumont, TX and approximately 80 miles east of Houston.