244 Dos Rios Dr - Hospitality FOR SALE


Junction, TX 76849
$4,200,000 USD
512-842-9211
244 Dos Rios Dr, Junction, TX for Sale
$4,200,000 USD
Hospitality - FOR SALE
1/17
null | Request Cap Rate

244 Dos Rios Dr
Junction, TX 76849


HIGHLIGHTS

  • The hotel’s total gross revenue is reflective of consistent business, averaging $1,223,000 (rounded) over the last three years.
  • Strong lodging demand in Junction is supported by its crossroads location along I-10 and US Highways 377 and 83, generating steady transient travel.
  • Demand is further complemented by year-round visitation from Kimble County’s strong hunting and outdoor recreational economy.
  • Based on the $4.2M pricing guidance, the deal underwrites to a 3.4x RRM in consideration of the hotel’s 3 yr avg. rooms revenue of $1,223,000.
  • The currently absentee-owned asset presents a strong opportunity for a hands-on buyer to unlock additional upside..
  • Qualifying for Best Western’s automatic transfer and considering the property’s very good condition, buyers can expect minor improvement requirements.

OVERVIEW

For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=160841 HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 52-key Best Western Dos Rios, a limited-service hotel asset in Junction, Texas. The property is situated immediately off Interstate 10, approximately two hours from Downtown San Antonio.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$120 USD /SF

# OF ROOMS

52

PRICE/ROOM

$80,769 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western Dos Rios

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

2007

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.46 AC

LAND SF

107,158 SF

ZONING

Commercial

APN/PARCEL ID

00930035012010

ASK ABOUT THIS PROPERTY

512-842-9211

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512-842-9211

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