2101 Veterans Blvd - Hospitality FOR SALE


Del Rio, TX 78840
$10,900,000 USD
214-432-4719
2101 Veterans Blvd, Del Rio, TX for Sale
$10,900,000 USD
Hospitality - FOR SALE
1/14
null | 12.02% Cap Rate

2101 Veterans Blvd
Del Rio, TX 78840


HIGHLIGHTS

  • No PIP and Turn-Key: Recently completed PIP in 2022.
  • Prime Location Near Demand Drivers: The Ramada Del Rio is strategically located near the Amistad Lake, Laughlin Airforce Base, and various centers.
  • New Project Developments: The Amistad Dam remediation project is expected to bring a workforce of 300+ workers
  • North American Trade Agreement Impact: The shift toward increased production in North America, driven by the North American Trade Agreement
  • Increased Group Bookings: Government group bookings along the border including national guard, state troopers, border patrol

OVERVIEW

Matthews Real Estate Investment Services is pleased to present an exceptional opportunity to acquire the fee-simple interest in the 119- room Ramada, located on 2101 Veterans blvd, Del Rio, Tx 78840. This property, with its established operating history and recent renovations, provides significant upside potential for hands-on operators and presents an excellent acquisition opportunity. Situated in a vibrant market with strong demand drivers, the Ramada benefits from its strategic location near the Amistad Lake, Laughlin AirForce Base, and the Del Rio Civic Center. Investors have the opportunity to leverage a hotel with strong cash flow and enhance operational efficiencies to maximize profits. For pricing guidance and additional information, please contact Matthews Real Estate Investment Services. Please refrain from contacting the hotel's staff, management, or ownership directly. Mitchell Glasson and Ryan Kawai Sanchez in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code). Investment Highlights Strong Brand Recognition Ramada is a well-known and respected brand within the Wyndham Hotels & Resorts portfolio, attracting a loyal customer base. It has become a favored choice for both locals and travelers visiting Del Rio over the years. No PIP and Turn-Key Recently completed Property Improvement Plan (PIP) in 2022, ensuring the hotel is ready for immediate operation with no further capital improvements needed. Prime Location Near Demand Drivers The Ramada Del Rio is strategically located near key attractions such as Amistad Lake, Laughlin Air Force Base, Del Rio Civic Center, and various retail centers, ensuring a steady flow of visitors and guests. New Project Developments The Amistad Dam remediation project is expected to bring a workforce of 300+ workers, including drill rig operators, concrete plant operators, grout plant operators, local trades, and labor, further driving demand for accommodations in the area. North American Trade Agreement Impact The shift toward increased production in North America, driven by the North American Trade Agreement between Canada, the USA, and Mexico, is expected to boost cross-border travel and trade, leading to a rise in visitors and economic activity in Del Rio. Potential for Operational Improvement New ownership has the opportunity to improve hotel operations, implement strategic cost management, and maximize revenue strategies, driving increased profitability and long-term success. Broker of Record Patrick Graham License No. 9005919 (TX) (866) 889-0550 Matthews Real Estate Investment Services, Inc 8300 Douglas Ave., Ste. 750, Dallas, TX 75225

FOR SALE DETAILS

PRICE

$10,900,000 USD

PRICE/SF

$45 USD /SF

# OF ROOMS

147

PRICE/ROOM

$74,150 {currency}

CAP RATE

12.02%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ramada Del Rio

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.56 AC

LAND SF

329,314 SF

ZONING

COMM

APN/PARCEL ID

14580

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 Policy.