LEBANON, OR Country Maid Financial s subsidiary, Territorial Inns Management, has inked leases with an option to purchase two Texas lodging properties.
The 82-room Best Western Conestoga Inn in Plainview, TX, was leased with an option to purchase from True Visions Co. LLC and its affiliates. The property is valued at $3 million and will be operated and managed by Territorial Inns Management.
The 82-room Fort Stockton Super 8 Motel in Fort Stockton, TX, is valued at $1.1 million and will be operated and managed by Territorial Inns Management. The Fort Stockton Super 8 has estimated gross revenues of approximately $700,000 annually. (1/29/01)