Super 8 by Wyndham Tyler TX Listing Details & Market Data

Tyler is located about about 100 miles east of Dallas and also about 100 miles west of Shreveport. Tyler is the 2nd largest city in East Texas. It is the largest city in Smith County, Texas, of which it is the county seat. The current population of Tyler is is 107, 405. For East Texas, Tyler has long been the region's major economic, educational, financial, medical, and cultural hub. Tyler is known as the "Rose Capital of America" because of a long history of rose production, rose cultivation, and the large quantity of roses processed through the area. The Tyler Rose Garden is also home to the annual Texas Rose Festival, attracting tourists by the thousands each year in mid-October. As a regional educational and technology center, Tyler is the host for more than 20,000 higher education students, a College of Engineering, and a University Health Science Center, two regional, billion-dollar hospital systems, and a variety of technology startups. The location of the hotel is ideal because it is located at the intersection of 2 main highways in Tyler. It is conveniently located to access all parts of the area. Additionally, there are 126 restaurants within 5 miles of the hotel as well as 25 attractions. Some of the nearby attractions for the hotel are the Caldwell Zoo, Broadway Square, UT Tyler Cowan Center, Tyler Rose Garden, East Texas State Fair, University of Texas at Tyler, Kiepersol Winery, Tyler Junior College, and Village at Cumberland Park. Downtown Tyler and all the attractions it has to offer is only 3 miles away from the hotel.The Super 8 in Tyler, Texas is listed exclusively with Tabani Realty. The hotel has 126 guestrooms with 2 buildings with exterior corridors. The hotel was built in 1973 and most recently renovated in 2020. The Super 8 offers free parking, free WIFI, and free breakfast. There is also an outdoor pool, a fitness center, and a business center. Each guest room comes with a coffee/tea maker, a microwave, and mini-refrigerator. Overall, the hotel has good guest reviews and is ranked highly as a place to stay in Tyler. For the years of 2021-2022, the hotel is currently being leased out. The monthly rental income that the seller receives is $25k per month. The new owner has the option to continue to carry out this leasing arrangement or to end the lease terms with a 30 day notice and start running the property. Additionally, there is a bar included in the sale that is currently leased out for $60,000 per year.