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Premier Hotels Group II

Hotels (except Casino Hotels) and Motels · Conroe, TX

Premier Hotels Group II is a business in Conroe, Texas, listed under hotels (except casino hotels) and motels, with 20 to 49 staff, as recorded in 2020 to 2021. From 2023 to 2026, similar businesses sold for about $370K to $1.2M.

Public record

Industry
Hotels (except Casino Hotels) and Motels (NAICS 721110, as reported by the business)
Location
Conroe, Texas
Staff
20 to 49 people (as reported in 2020 to 2021)
Local rank
#1 of 14 businesses in Conroe listed under hotels (except casino hotels) and motels, by staff size (2020 to 2021)
As of
2020 to 2021. Details may have changed since then.

What businesses like this sell for

Businesses in Accommodation and Food Services with 20 to 49 staff, bought 2023 to 2026. Based on 634 purchases.

Loans used to buy them

$310K to $990K

Middle loan about $580K

Estimated purchase prices

$370K to $1.2M

Middle price about $690K

How we estimate the price: the records show the loan behind each purchase, not the price. Buyers usually borrow about 85% of the price, so we divide the loan by 0.85. The ranges show the middle half of purchases. This is not a valuation of Premier Hotels Group II.

Financials of businesses like this

Average revenue

$3.9M

a year

Average payroll

$955K

24% of revenue

Average staff

33.3

people

US averages for hotels (except casino hotels) and motels with 20 to 99 staff, 2022 (9,411 businesses). These are not Premier Hotels Group II's own figures; its own revenue and profit are what a valuation needs.

Value Premier Hotels Group II on Value Alpha

Buying, selling or advising on Premier Hotels Group II? Add its revenue, profit and owner pay, or upload the statements, and get a valuation range with bear, base and bull cases, built from comparable companies and completed sales in its industry.

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Traveler Accommodation in Texas: the sale report

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Questions

How much is a business listed under accommodation and food services worth in Texas?
From 2023 to 2026, businesses listed under accommodation and food services with 20 to 49 staff sold for about $370K to $1.2M, with a middle price of about $690K, based on 634 purchases. A business's own value depends on its revenue, profit and owner pay.
How current is the information about Premier Hotels Group II?
The industry and staff numbers were reported by the business in 2020 to 2021 and may have changed since then.
How can the owner of Premier Hotels Group II get a valuation?
Claim the business, upload one document that shows its name, and add revenue, profit and owner pay. The valuation can start while the document is reviewed.

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