La Quinta Inn by Wyndham Wichita Falls

1128 Central Fwy, Wichita Falls, TX 76306

  • For Sale $2,900,000
  • Property Type Other
  • Property Size 49,996 SF
  • Units 139
  • Lot Size 2.89 Acre
  • Additional Rent Contact for pricing
  • Year Built 1972
  • Year Renovated 2014
  • Date Updated Oct 7, 2024
Wichita Falls is strategically located near the border of Texas and Oklahoma, making it a crossroads for travelers. It serves as a gateway to various destinations in both states, attracting visitors passing through or looking to explore the region. Wichita Falls is well-connected in terms of transportation. It is served by the Wichita Falls Regional Airport, which offers commercial flights and is also accessible via major highways, including Interstate 44 and U.S. Route 287. This accessibility makes it convenient for travelers, increasing the demand for hotel accommodations. Wichita Falls is home to Sheppard Air Force Base, a major training facility for the United States Air Force. The presence of the base brings a significant number of military personnel, their families, and visitors to the area, creating a consistent demand for hotel rooms. Wichita Falls has a diverse economy with industries such as healthcare, education, manufacturing, and agriculture. The city is also a regional center for retail and services, attracting business travelers and corporate events. Wichita Falls offers a range of attractions and events that draw visitors to the area. The city is known for its natural beauty, including the scenic Wichita Mountains and the nearby Lake Wichita. Additionally, Wichita Falls hosts various festivals, sporting events, and cultural activities throughout the year, which can generate tourism and increase the demand for hotel rooms.Tabani Realty is pleased to present the La Quinta Inn by Wyndham in Wichita Falls, Texas. The limited-service hotel has 139 guestrooms and is listed at $20,864 per key. The La Quinta in Wichita Falls is a mismanaged property with the potential to cut costs and increase NOI. The property offers 139 guestrooms with interior corridors which were renovated in 2014. The building has an overall living space of 49,996 SF across two floors. The La Quinta Inn sits on 2.98 acres of land which is also included in the sale. The La Quinta Inn by Wyndham in Wichita Falls Event Center North sits directly on I-44, close to the heart of Wichita Falls. This location experiences high volumes of pass-through traffic due to both the major throughway and the large Wichita Falls Sports Complex.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Attachments

Highlights

  • ADR & RevPAR lower than comps, scope for improvement for new ownership.
  • Offered at $20,864 per key.
  • Offered at 11.42% Cap Rate.
  • Mismanaged property, absentee operator, potential to cut costs and increase NOI and Revenue.
  • Sits directly on I-44 with high visibility.
  • Close to Wichita Falls Sports Complex.
  • Can be converted to other Wyndham Family brands.

Contacts

broker

Tabani Realty

Location

Getting Around

  • Walk Score ®

    35/100 Car-Dependent
  • Bike Score ®

    41/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Wichita Falls, TX
  • Zip Code 76306

Points of Interest

  • Alon

    0.13 miles

  • Phillips 66

    0.51 miles

  • Valero

    0.55 miles

  • QuikTrip

    0.67 miles

  • Shell

    1.10 miles

  • Murphy USA

    1.28 miles

  • Accel Fuels

    1.78 miles

  • Rest Area I-44 (South Bound)

    0.87 miles

  • Hamilton Building Parking Garage

    2.19 miles

  • The Church of Jesus Christ of Latter-day Saints

    4.07 miles

  • Denny's Parking

    4.91 miles

  • Target Parking Lot

    4.93 miles

  • La Quinta Inn

    0.01 miles

  • Comfort Inn

    0.07 miles

  • Super 8

    0.13 miles

  • Red Roof Inn

    0.13 miles

  • America's Best Value Inn

    0.17 miles

  • Motel 6

    0.19 miles

  • Executive In & Suites

    0.23 miles

  • Quality Inn & Suites

    0.26 miles

  • Candlewood Suites

    0.26 miles

  • Fairfield Inn & Suites

    0.31 miles

  • Whataburger

    0.09 miles

  • Denny's

    0.11 miles

  • El Tapatio

    0.19 miles

  • China Star

    0.24 miles

  • Pioneer No. 3

    0.76 miles

  • Sonic

    0.87 miles

  • Cracker Barrel

    0.99 miles

  • Carl's Jr.

    1.03 miles

  • Los Abuelos Mexican Restaurant

    1.11 miles

  • Jack in the Box

    1.11 miles

  • Kate Burgess Elementary School

    0.53 miles

  • Hirschi High School

    0.60 miles

  • Kirby Middle School

    0.70 miles

  • Scotland Park Elementary School

    1.30 miles

  • Farris Early Childhood Center

    1.39 miles

  • Haynes Elementary School

    1.81 miles

  • City View Elementary School

    1.82 miles

  • Denver Alternative Center

    1.92 miles

  • Travis School

    1.94 miles

  • Sheppard Air Force Base Elementary School

    2.02 miles

  • Children's Corner Daycare

    0.96 miles

  • Huey Learning Center

    1.18 miles

  • The Learning Tree Preschool

    4.69 miles

  • Building Blocks Learning Center

    5.33 miles

Frequently Asked Questions

How much does La Quinta Inn by Wyndham Wichita Falls cost?

The space currently listed for sale at La Quinta Inn by Wyndham Wichita Falls asks for $2,900,000.

What is the total square footage of La Quinta Inn by Wyndham Wichita Falls?

La Quinta Inn by Wyndham Wichita Falls totals 49,996 square feet.

When was this property built?

La Quinta Inn by Wyndham Wichita Falls was built in 1972.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker

Tabani Realty