Hotel-Motel
Auction - Salt Creek Lodge | 46 Rooms | $238K NOI
1919 TX-16, Graham, TX 76450
Listing Price: $450,000
Investment Overview
Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace
Marcus & Millichap's Hospitality Division, along with RI Marketplace, are pleased to present for sale to qualified investors the Salt Creek Lodge (‘Hotel’ or ‘Property’) located in Graham, Texas.
The Salt Creek Lodge is a 46-room, two-story exterior corridor Hotel stationed at 1919 State Highway 16 in Graham, Texas, and is situated on 1.97 acres. Various common area amenities at the Property include an on-site restaurant, RV parking, and mail service.
The Hotel is expected to reach $540,000 of room revenue and a net operating income of just over 227,000, or 42.1 percent of total revenues, after a 4 percent capital replacement reserve for the trailing twelve-month period ending in December 2023. As of May, the twelve-month average RevPAR in the Central Texas Area hotel submarket was climbing at an annual rate of 3.2 percent. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR through better revenue management, not only benefiting from increased market share but also higher NOI flow-through.
Auction - Salt Creek Lodge | 46 Rooms | $238K NOI
Investment Highlights
- STARTING BID $450,000 | 46 Rooms | $238K NOI | AUCTION DECEMBER 4-6, 2023
- Two-Story, 46-Room, Exterior-Corridor Hotel
- Located 87 Miles West of Fort Worth and 34 Miles South of Wichita Falls
- Easily Accessible and Highly Visible from State Highway 16
- Situated Near Graham's Highest Value Businesses
- Expected to Reach $540,000 of Room Revenue with a 43.7 percent NOI
Listing Price: $450,000
Investment Highlights
- STARTING BID $450,000 | 46 Rooms | $238K NOI | AUCTION DECEMBER 4-6, 2023
- Two-Story, 46-Room, Exterior-Corridor Hotel
- Located 87 Miles West of Fort Worth and 34 Miles South of Wichita Falls
- Easily Accessible and Highly Visible from State Highway 16
- Situated Near Graham's Highest Value Businesses
- Expected to Reach $540,000 of Room Revenue with a 43.7 percent NOI
Investment Overview
Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace Marcus & Millichap's Hospitality Division, along with RI Marketplace, are pleased to present for sale to qualified investors the Salt Creek Lodge (‘Hotel’ or ‘Property’) located in Graham, Texas. The Salt Creek Lodge is a 46-room, two-story exterior corridor Hotel stationed at 1919 State Highway 16 in Graham, Texas, and is situated on 1.97 acres. Various common area amenities at the Property include an on-site restaurant, RV parking, and mail service. The Hotel is expected to reach $540,000 of room revenue and a net operating income of just over 227,000, or 42.1 percent of total revenues, after a 4 percent capital replacement reserve for the trailing twelve-month period ending in December 2023. As of May, the twelve-month average RevPAR in the Central Texas Area hotel submarket was climbing at an annual rate of 3.2 percent. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR through better revenue management, not only benefiting from increased market share but also higher NOI flow-through.
