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Hotel-Motel

Best Western Inn Of Del Rio

810 Veterans Blvd, Del Rio, TX 78840

Listing Price: Request For Offer

Number of Rooms
61
RevPAR
$95
Year Built
1984

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Best Western Inn Of Del Rio (‘Hotel’ or ‘Property’) located in Del Rio, Texas. The Best Western International-affiliated Hotel is offered on a “call for offers” basis. Please reach out to the listing agent for more information. Offer review date is Friday, June 9th. The Best Western Inn Of Del Rio is a 61-room, two-story Hotel stationed at 810 Veterans Park Blvd in Del Rio, Texas, less than two miles from Del Rio International Airport. Various common area amenities at the Property include an outdoor pool, fitness center, business center, and laundry facilities. Centrally located off the main highway in the heart of Del Rio, Texas the Best Western Inn hotel is near area attractions such as the Whitehead Memorial Museum, San Felipe Springs, Val Verde Winery, and Amistad National Recreation Center, the city of Ciudad Acuna (in Mexico). Additionally, Seminole Canyon State Park is located near Del Rio and a popular place for outdoor activities and water sports. The Sul Ross University is also in the region and regularly hosts scholastic events throughout the year. Laughlin Air Force Base is less than ten miles away, and the 47th Flying Training Wing Maintenance Directorate furnishes quality aircraft, support, and services which with their aircraft, support equipment, and facilities the value is more than $1.3 billion. The hotel is situated with easy access to Mexico and located about 6.5 miles from the automotive manufacturing hub of Ciudad Acuña in Coahuila, Mexico. Ciudad Acuña’s automotive manufacturing industry is an important staple of the city’s economy, with several factories scattered throughout the city. Among the many manufacturing companies in the area include Irvin Automotive Products, Bendix, Gentherm de Mexico, Caterpillar, RESCO Electronics, and Toter Incorporated which generate significant business travel from Del Rio to Ciudad Acuña. One of the largest manufacturers in the city, General Motors, has a massive assembly plant in the city that many business travelers from Del Rio frequently visit. Additionally, Bendix announced a recent $57 million investment for a fourth manufacturing plant in Ciudad Acuña. The city’s location on the border, with Lake Amistad Dam International Crossing and Del Río-Ciudad Acuña International Bridge as the two ports of entry, provides a convenient location for companies to ship their products to the United States Market. Agriculture is another important sector of the economy in Del Rio. The area is known for its production of crops such as cotton, sorghum, and pecans, as well as livestock such as cattle and sheep. The agriculture industry provides a significant source of demand for local businesses such as equipment dealers, feed stores, and veterinary services. In 2022, the limited-service Hotel recorded room revenues of over $2.1 million and a net operating income over $1 million, or 50.92 percent as a percentage of total revenues, after a 4 percent capital replacement reserve. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR from better revenue management, not only benefiting from increased market share but also higher NOI flow-through.

Investment Highlights

  • Offer Review Date – Friday, June 9th
  • Two-Story, 61-Room, Best Western International-Affiliated, Limited-Service Hotel
  • Capital Expenditures Includes New Roof Installed October 2021
  • Located Less Than 2 Miles from Del Rio International Airport
  • YE 2022 Reached $2.1 Million in Room Revenue and Over $1 Million in Net Operating Income
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt

Exclusively Listed By

Financing By

Hotel-Motel

Best Western Inn Of Del Rio

Listing Price: Request For Offer

Number of Rooms
61
RevPAR
$95
Year Built
1984

Investment Highlights

  • Offer Review Date – Friday, June 9th
  • Two-Story, 61-Room, Best Western International-Affiliated, Limited-Service Hotel
  • Capital Expenditures Includes New Roof Installed October 2021
  • Located Less Than 2 Miles from Del Rio International Airport
  • YE 2022 Reached $2.1 Million in Room Revenue and Over $1 Million in Net Operating Income
  • Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Best Western Inn Of Del Rio (‘Hotel’ or ‘Property’) located in Del Rio, Texas. The Best Western International-affiliated Hotel is offered on a “call for offers” basis. Please reach out to the listing agent for more information. Offer review date is Friday, June 9th. The Best Western Inn Of Del Rio is a 61-room, two-story Hotel stationed at 810 Veterans Park Blvd in Del Rio, Texas, less than two miles from Del Rio International Airport. Various common area amenities at the Property include an outdoor pool, fitness center, business center, and laundry facilities. Centrally located off the main highway in the heart of Del Rio, Texas the Best Western Inn hotel is near area attractions such as the Whitehead Memorial Museum, San Felipe Springs, Val Verde Winery, and Amistad National Recreation Center, the city of Ciudad Acuna (in Mexico). Additionally, Seminole Canyon State Park is located near Del Rio and a popular place for outdoor activities and water sports. The Sul Ross University is also in the region and regularly hosts scholastic events throughout the year. Laughlin Air Force Base is less than ten miles away, and the 47th Flying Training Wing Maintenance Directorate furnishes quality aircraft, support, and services which with their aircraft, support equipment, and facilities the value is more than $1.3 billion. The hotel is situated with easy access to Mexico and located about 6.5 miles from the automotive manufacturing hub of Ciudad Acuña in Coahuila, Mexico. Ciudad Acuña’s automotive manufacturing industry is an important staple of the city’s economy, with several factories scattered throughout the city. Among the many manufacturing companies in the area include Irvin Automotive Products, Bendix, Gentherm de Mexico, Caterpillar, RESCO Electronics, and Toter Incorporated which generate significant business travel from Del Rio to Ciudad Acuña. One of the largest manufacturers in the city, General Motors, has a massive assembly plant in the city that many business travelers from Del Rio frequently visit. Additionally, Bendix announced a recent $57 million investment for a fourth manufacturing plant in Ciudad Acuña. The city’s location on the border, with Lake Amistad Dam International Crossing and Del Río-Ciudad Acuña International Bridge as the two ports of entry, provides a convenient location for companies to ship their products to the United States Market. Agriculture is another important sector of the economy in Del Rio. The area is known for its production of crops such as cotton, sorghum, and pecans, as well as livestock such as cattle and sheep. The agriculture industry provides a significant source of demand for local businesses such as equipment dealers, feed stores, and veterinary services. In 2022, the limited-service Hotel recorded room revenues of over $2.1 million and a net operating income over $1 million, or 50.92 percent as a percentage of total revenues, after a 4 percent capital replacement reserve. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR from better revenue management, not only benefiting from increased market share but also higher NOI flow-through.

Exclusively Listed By

Financing By

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