2005 Veterans Blvd - Hospitality FOR SALE


Del Rio, TX 78840
$4,200,000 USD
214-432-4719
2005 Veterans Blvd, Del Rio, TX for Sale
$4,200,000 USD
Hospitality - FOR SALE
1/9
null | 7.5% Cap Rate

2005 Veterans Blvd
Del Rio, TX 78840


HIGHLIGHTS

  • Renovated & Turnkey Opportunity: All 101 guest rooms were fully renovated in 2024, with ownership investing over $1MM in capital improvements
  • Attractive Revenue Multiple: The offering equates to approximately a 3.5x multiple of the trailing three-year average room revenue of $1.2M
  • Strong Historical Revenue Performance: The hotel has averaged approximately $1.2M in room revenue over the past three years
  • Prime Location Near Major Demand Drivers: Strategically located along Veterans Boulevard, proximity to Laughlin Airforce Base, and Lake Amistad
  • Amistad Dam Remediation Project: Ongoing and planned remediation efforts at Amistad Dam are expected to bring an estimated 300+ skilled workers
  • Border Trade & North American Manufacturing Shift: Continued growth in North American manufacturing and cross-border trade between the U.S. and Mexico

OVERVIEW

Matthews™ is pleased to present the exclusive listing of the 101-key Days Inn Del Rio, located at 2005 Veterans Blvd in Del Rio, Texas. The property has averaged approximately $1.2 million in room revenue over the past three years and recently completed a comprehensive renovation of all 101 guestrooms, with ownership investing over $1 million in 2024 to modernize and reposition the hotel. Offered at approximately $42,000 per key, the hotel represents an attractive basis well below replacement cost and provides investors with a true turnkey opportunity backed by strong in-place cash flow and an established operating history. Strategically positioned near key demand drivers such as Amistad Lake, Laughlin Air Force Base, and the Del Rio Civic Center, the property benefits from consistent leisure, military, and group demand. This offering presents significant upside potential for a hands-on operator seeking to further enhance operational efficiencies and maximize profitability in a stable South Texas market. Please do not contact hotel staff, management, or ownership. For additional information, please contact Alfonso Garcia (214) 432-4719. Broker of Record Patrick Graham License # 9005919, 528005 (TX) Matthews Real Estate Investment Services, Inc 2699 Howell St., Suite 400, Dallas, TX 75204 (866) 889-0550

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$139 USD /SF

# OF ROOMS

101

PRICE/ROOM

$41,584 {currency}

CAP RATE

7.5%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Days Inn by Wyndham Del Rio

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.71 AC

LAND SF

205,168 SF

ZONING

C-2-A

APN/PARCEL ID

14573

ASK ABOUT THIS PROPERTY

Alfonso GarciaMatthews Real Estate Investment ServicesMore Info
214-432-4719

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Alfonso GarciaMatthews Real Estate Investment ServicesMore Info
214-432-4719

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.