3616 Veterans Blvd - Hospitality FOR SALE


Del Rio, TX 78840
$2,950,000 USD
512-338-7826
3616 Veterans Blvd, Del Rio, TX for Sale
$2,950,000 USD
Hospitality - FOR SALE
1/16
null | Request Cap Rate

3616 Veterans Blvd
Del Rio, TX 78840


HIGHLIGHTS

  • Two Story, 60-Room, Wyndham Hotels & Resorts-Branded Hotel, with On-Site Apartment
  • Located in Large Government Agency Sector – Bordering Ciudad Acuña Population is Over 200,000 and 150 Miles West of San Antonio, TX
  • Situated Near Laughlin Airforce Base and Corporate Demand Generators
  • Hotel Well Positioned for Growth - Continued Positive Revenue and Review Trends
  • Significant Renovations completed in 2024 - Property Was Offline for Multiple Months of 2024
  • Absentee Ownership (Out-Of-Country) Presents Significant Operational Upside Potential

OVERVIEW

MAJOR PRICE IMPROVEMENT! MOTIVATED ABSENTEE SELLER. SELLER WILL CONSIDER ALL OFFERS! Upcoming Border Boom is happening. Capitalize on market demand & traffic. Marcus & Millichap's Hospitality Division proudly presents the Baymont by Wyndham Del Rio (‘Hotel’ or ‘Property’) for sale to qualified investors as the exclusive representative of the seller. Located at 3616 Veterans Boulevard, Del Rio, Texas, this Wyndham Hotels & Resorts-branded hotel is offered at $2,950,000 or $49,167 per key.. For more information, please contact the listing agent. The hotel features various common area amenities, including an outdoor pool, free breakfast, ample parking for buses, trucks, and recreational vehicles, and a high floor efficiency design to maximize revenue-generating space. The property underwent substantial renovations in recent months, encompassing a complete redesign of the lobby and back of house, upgrades to furniture, interior paint, hallway carpeting, room flooring, light fixtures, roof work, parking lighting, as well as enhancements to the lobby and kitchen areas. This resulted in the hotel virtually being shut down for two months of 2024, which may be reflected in hotel data. Del Rio, Texas, located across the Rio Grande from Ciudad Acuña, Mexico, is experiencing robust economic growth driven by multiple factors. The city has been designated a crucial hub in America’s trade strategy with Mexico through the "Port-to-Plains" corridor, a major federal highway expansion initiative. This project is expected to enhance trade routes significantly, providing substantial economic benefits both during its construction phase and in the long term. Del Rio also benefits from a thriving manufacturing sector, particularly in Ciudad Acuña, where major companies such as General Motors and Bendix operate, fostering extensive business travel and economic interdependence across the border. Moreover, Del Rio benefits from its strategic location on the US-Mexico border, which enhances its economic prospects amid ongoing border dynamics. The city's hotels also benefit from a continuous influx of law enforcement personnel to all border towns in Texas, driven by socio-political and economic conditions in Latin America and an unprecedented migration crisis at the US Border. This ongoing demand ensures a steady stream of guests requiring accommodation, further supporting the local hospitality sector. Together, these elements position Del Rio as a dynamic center of commerce, culture, and opportunity in the Southwestern United States. Culturally, Del Rio celebrates its diverse heritage through events like the Fiesta de Amistad, an annual celebration that highlights its vibrant bilingual community and fosters cultural exchanges with Ciudad Acuña. Outdoor enthusiasts flock to the nearby Lake Amistad National Recreation Area, renowned globally for its exceptional bass fishing and a variety of recreational activities, contributing significantly to local tourism and economic diversification. Once ranked by ESPN as the best bass fishing lake in the world, Lake Amistad hosts numerous bass tournaments each year, drawing tourists seeking a premier fishing experience. Additionally, the presence of Laughlin Air Force Base, the largest pilot training base in the US Air Force, further reinforces Del Rio's economy by providing another source of demand and market stability and supporting a wide array of local services. The property has recently undergone significant renovations and capital improvements, a fresh brand conversion, and is absentee-owned and operated, giving a potential investor an immediate competitive advantage leading to higher cash flow and higher returns on investment.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$110 USD /SF

# OF ROOMS

60

PRICE/ROOM

$49,167 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Baymont by Wyndham Del Rio

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1996

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.61 AC

LAND SF

70,132 SF

ZONING

None

APN/PARCEL ID

40158

ASK ABOUT THIS PROPERTY

Steve SwenholtMarcus & MillichapMore Info
512-338-7826

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Steve SwenholtMarcus & MillichapMore Info
512-338-7826

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