This Property is no longer advertised on Showcase.com.
Off Market
1/13

1919 TX-16
Graham, TX 76450


HIGHLIGHTS

  • STARTING BID $450,000 | 46 Rooms | $269K NOI | AUCTION DECEMBER 4-6, 2023
  • Located 87 Miles West of Fort Worth and 34 Miles South of Wichita Falls
  • Easily Accessible and Highly Visible from State Highway 16
  • Situated Near Graham’s Highest Value Businesses
  • LTM $530,537 of Room Revenue with a 46.7 percent NOI

OVERVIEW

Marcus & Millichap's Hospitality Division, in conjunction with RI Marketplace, is pleased to present for sale to qualified investors the Salt Creek Lodge (‘Hotel’ or ‘Property’) located in Graham, Texas. Salt Creek Lodge is a 46-room, two-story exterior corridor Hotel situated on 1.64 acres in Graham, Texas, and is situated. Th many common area amenities at the Property include an on-site restaurant, RV parking facilities, and mail service. The Hotel has reached $530,537 LTM room revenue and a net operating income of just over $269,381, or 46.7 percent of total revenues, after a 4 percent capital replacement reserve for the trailing twelve-month period ending in December 2023. As of May, the twelve-month average RevPAR in the Central Texas Area hotel submarket was climbing at an annual rate of 3.2 percent. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR through better revenue management, not only benefiting from increased market share but also higher NOI flow-through.

FOR SALE DETAILS

PRICE

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# OF ROOMS

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CAP RATE

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BUILDING DETAILS

PROPERTY NAME

Auction - Salt Creek Lodge | $269K NOI

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

25512

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1984

PARKING SPACES

67

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

12008