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