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.