Hotel For Sale • 30,000 SF
The hotel’s rooms revenue increased by 11.0% (rounded) in 2024, reaching $611,965, up from $550,439 in 2023. |
The property contains a three-bedroom, two-bathroom apartment with a fully equipped kitchen, a living room, and office space. |
Per the TTM period through November 2024, the hotel’s RevPAR equated to $29.77, below the competitive set’s average RevPAR of $34.35. |
Improving the hotel’s RevPAR to meet that of competitive set’s average could generate rooms revenue of approximately $714,652. |
Gonzales has a strong economy supported by the O&G, agriculture, manufacturing, and retail trade industries. |
The presence of the Eagle Ford Shale attracts workers and business travelers, boosting demand for lodging accommodations. |