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2101 Veterans Blvd
Del Rio, TX 78840

$13,900,000 USD

Hotel For Sale • 85,000 SF

Property Details

Property Type Hotel
Total Building Size 85,000 SF
Lot Size 7.56 AC
Building Class B
Year Built 1974
Cap Rate 12.30 %
Zoning COMM

0 Transit Score

57 Walk Score

                
                    Highlights
                
                                Healthy Margins: 2023 Net Operating Income was 38% (62% Expense Load)
                            
                                USMCA: new law requiring products be made in US, Mexico, or Canada to be traded in US (China & Japan are establishing factories in Mexico)
                            
                                No PIP and Turn-Key: Recently completed PIP in 2022
                            
                                Demand Drivers: International Trade, Trump Reinforced Border Patrol, Amistad Lake, Laughlin Airforce Base, Del Rio Civic Center
                            
                                Amistad Dam Remediation Project: $300 Million renovation project that will boost the economy and bring a workforce of 300
                            
                                Interior & Exterior Corridor: 92 exterior keys & 55 interior keys

Property Flyers

Ramada Del Rio OM

Cap Rate:

12.30 %

Amenities

Business Center
Fitness Center
Pool
Restaurant
Shuttle Service
On-Site Bar
Meeting Event Space

Public Transportation

Commuter Rail	Drive	Walk	Distance
Del Rio Amtrak Station (Sunset Limited - Amtrak, Texas Eagle - Amtrak)	4 min	-	2.1 mi

Mitchell Glasson 949-432-4502 Matthews Real Estate Investment Services

2101 Veterans Blvd Del Rio, TX 78840