2019 Water St - Hospitality FOR SALE


Gonzales, TX 78629
$4,200,000 USD
210-849-2175
2019 Water St, Gonzales, TX for Sale
$4,200,000 USD
Hospitality - FOR SALE
1/30
null | Request Cap Rate

2019 Water St
Gonzales, TX 78629


HIGHLIGHTS

  • Fee Simple Interest in the 53-Unit, Three-Story, Limited-Service Sonesta Essentials Hotel
  • Recently Converted to Sonesta Essential in March 2024 - Minimal PIP Expected for New Buyer
  • Absentee, Out-of-City Owner | Ideal Opportunity for Local Operator with Dedicated Sales & Management Efforts
  • Ideal 1031 Exchange Up-leg Property for Owner-Operator
  • Strategic Location Near Notable Demand Generators Including Oil & Gas, Agriculture, Manufacturing, and Tourism Clients
  • Assumable Loan Lending Options Available for Qualified Investors with 20% Down Payment

OVERVIEW

Singh Commercial Group at KW Commercial is excited to present a prime hospitality investment opportunity in Gonzales, Texas. This well-maintained hotel, built in 2013, is undergoing a conversion to IHG's Garner Hotels brand, with completion anticipated in February 2025. - KEY FEATURES- Property Details: 53 spacious guest rooms Three-story construction on a 1.32-acre lot Modern amenities paired with classic comforts Brand Conversion: The hotel's transition to IHG's Garner Hotels brand offers investors the advantage of a newly rebranded and recognized flag. PROJECTED PERFORMANCE: Revenue projections: $1.1M–$1.2M in 2025 Enhanced market activity driven by a resurgence in the oil and gas sector, creating a steady demand generator Market Outlook: President-elect Donald Trump has emphasized a commitment to revitalizing the oil and gas industry, advocating for increased domestic production. This policy direction is expected to stimulate economic growth in regions like Gonzales, Texas, bolstering demand for hospitality services. Financing Flexibility: The seller is offering financing for 12–18 months, providing the buyer sufficient time to establish operating history and refinance under favorable terms. Contact Singh Commercial Group today for more details and to schedule a property tour!

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$170 USD /SF

# OF ROOMS

53

PRICE/ROOM

$79,245 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

IHG Garner Conversion Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2013

PARKING SPACES

74

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,499 SF

ZONING

F1

APN/PARCEL ID

29669

ASK ABOUT THIS PROPERTY

Rav Singh, CCIMSingh Commercial Group | KW CommercialMore Info
210-849-2175

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Rav Singh, CCIMSingh Commercial Group | KW CommercialMore Info
210-849-2175

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