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Hotel-Motel

Comfort Inn & Suites Near Comanche Peak

1615 NE Big Bend Trail, Glen Rose, TX 76043

Listing Price: $4,175,000

Cap Rate
7.55%
Number of Rooms
70
RevPAR
$46
Price/Room
$59,643
RRM
3.53
Year Built
2007

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to quali?ed investors the Comfort Inn & Suites near Comanche Peak (‘Hotel’ or ‘Property’). The Choice Hotels International-branded Hotel is offered at $4,175,000 or $59,643 per key. The Comfort Inn & Suites near Comanche Peak is located at 1615 NE Big Bend Trail in Glen Rose, Texas just off Highway 67 and Highway 144. The 70-room, interior-corridor, three-story building was built in 2007 and stretches 2.1 acres. With approximately 67,400 square feet between three ?oors, the Property maintains a plethora of common area amenities including an outdoor pool and whirlpool/hot tub, business center, vending machines, ?tness center, and guest laundry facilities. Glen Rose, the county seat of Somervell County, is positioned in the northeast region of Texas about 70 miles southwest of the Dallas – Fort Worth MSA. The city’s diverse economy is structured around multiple industries like health care & social assistance, educational services, and public administration, and nuclear engineering. Major employers include Comanche Peak Nuclear Power Plant, Glen Rose Medical Center, Fossil Rim Wildlife Center, Oakdale Park, and Tres Rios Camp. Visitation and tourism can be attributed to Big Rocks Park, Fossil Rim Wildlife Center, Barnard’s Mill, and Somervell County Museum. Glen Rose, nicknamed the Dinosaur Capital of Texas, has multiple dinosaur-themed attractions such as Dinosaur Valley State Park and Dinosaur World. Through the trailing twelve months ending May 2022, the limited-service Hotel recorded 43.2 percent occupancy, a 76 percent penetration compared to the STR competitive set. Coupled with a $108.31 average daily rate in the same period, RevPAR was set at $46.82, a 92.7 percent RevPAR penetration index. An investor, pro?cient in revenue management, should be able to ramp up RevPAR through strategic marketing tactics to increase rooms sold. Not only will this bolster revenues but increase the net operating income ?ow through.

Investment Highlights

  • Three-Story, 70-Room, Upper-Midscale Hotel just Outside the Dallas-Fort Worth Metropolitan Statistical Area
  • Excellent Location and Visibility off Highway 67, a Major Thoroughfare Connecting Glen Rose to Dallas
  • Nearby Employers and Demand Generators Include Comanche Peak Nuclear Power Plant, Glen Rose Medical Center, Fossil Rim Wildlife Center, Dinosaur Valley State Park, and Somervell County Museum
  • Operational Upside for Hands-On Owner-Operator Experienced in Revenue Management
  • Offered Free and Clear of Management and Debt

Exclusively Listed By

Hotel-Motel

Comfort Inn & Suites Near Comanche Peak

Listing Price: $4,175,000

Cap Rate
7.55%
Number of Rooms
70
RevPAR
$46
Price/Room
$59,643
RRM
3.53
Year Built
2007

Investment Highlights

  • Three-Story, 70-Room, Upper-Midscale Hotel just Outside the Dallas-Fort Worth Metropolitan Statistical Area
  • Excellent Location and Visibility off Highway 67, a Major Thoroughfare Connecting Glen Rose to Dallas
  • Nearby Employers and Demand Generators Include Comanche Peak Nuclear Power Plant, Glen Rose Medical Center, Fossil Rim Wildlife Center, Dinosaur Valley State Park, and Somervell County Museum
  • Operational Upside for Hands-On Owner-Operator Experienced in Revenue Management
  • Offered Free and Clear of Management and Debt

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to quali?ed investors the Comfort Inn & Suites near Comanche Peak (‘Hotel’ or ‘Property’). The Choice Hotels International-branded Hotel is offered at $4,175,000 or $59,643 per key. The Comfort Inn & Suites near Comanche Peak is located at 1615 NE Big Bend Trail in Glen Rose, Texas just off Highway 67 and Highway 144. The 70-room, interior-corridor, three-story building was built in 2007 and stretches 2.1 acres. With approximately 67,400 square feet between three ?oors, the Property maintains a plethora of common area amenities including an outdoor pool and whirlpool/hot tub, business center, vending machines, ?tness center, and guest laundry facilities. Glen Rose, the county seat of Somervell County, is positioned in the northeast region of Texas about 70 miles southwest of the Dallas – Fort Worth MSA. The city’s diverse economy is structured around multiple industries like health care & social assistance, educational services, and public administration, and nuclear engineering. Major employers include Comanche Peak Nuclear Power Plant, Glen Rose Medical Center, Fossil Rim Wildlife Center, Oakdale Park, and Tres Rios Camp. Visitation and tourism can be attributed to Big Rocks Park, Fossil Rim Wildlife Center, Barnard’s Mill, and Somervell County Museum. Glen Rose, nicknamed the Dinosaur Capital of Texas, has multiple dinosaur-themed attractions such as Dinosaur Valley State Park and Dinosaur World. Through the trailing twelve months ending May 2022, the limited-service Hotel recorded 43.2 percent occupancy, a 76 percent penetration compared to the STR competitive set. Coupled with a $108.31 average daily rate in the same period, RevPAR was set at $46.82, a 92.7 percent RevPAR penetration index. An investor, pro?cient in revenue management, should be able to ramp up RevPAR through strategic marketing tactics to increase rooms sold. Not only will this bolster revenues but increase the net operating income ?ow through.

Exclusively Listed By

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