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Hotel-Motel

Econo Lodge Junction

111 Martinez St, Junction, TX 76849

Listing Price: Request For Offer

Number of Rooms
45
RevPAR
$13
Year Built
1986

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap’s Hospitality Division is pleased to present for sale to qualified investors the Econo Lodge Junction (‘Hotel’ or ‘Property’) located in Junction, Texas. The Choice Hotels-branded Hotel is offered on a “call for offers” basis. Please reach out to the listing agent for more information.

Econo Lodge Junction is a 45-room, three-story Hotel stationed at 111 Martinez Street in Junction, Texas. Located near Interstate 10, the property is centrally located between Austin (138 miles), San Antonio (113 miles), and San Angelo (98 miles). Various common area amenities at the Property include an outdoor swimming pool, fitness center, and spacious outdoor parking that can accommodate up to 8 semi-trucks.

Junction, situated in the heart of Texas’ Hill Country, offers a variety of activities for visitors and locals alike. Beyond its highway business routes, the town provides a gateway to outdoor adventures, including hiking and camping in South Llano River State Park, where nature enthusiasts can enjoy birdwatching and scenic trails. During hunting season, the surrounding area becomes a haven for hunters, attracting those in pursuit of game like deer and turkey. Additionally, Junction hosts engaging events such as lively disc golf tournaments, showcasing the town's active community. For history buffs, the Kimble County Historical Museum provides a glimpse into the area's past, featuring exhibits on local heritage and culture. The town is also known for its starry nights, making it a great spot for stargazing enthusiasts. Junction's serene environment and scenic landscapes make it an ideal location for camping and picnicking along the South Llano River. Fishing and kayaking are popular activities, allowing visitors to unwind amidst nature. Furthermore, the town's warm and inviting atmosphere makes it a perfect destination for family reunions, offering not only beautiful outdoor spaces but also cozy venues for gatherings.

In the trailing twelve-month period ending in July 2023, the limited-service Hotel recorded room revenues of over $205,000. The Hotel has consistently underperformed the STR-defined competitive set, recording a 32 percent RevPAR Penetration Index (RPI) in the latest report, and averaging 48 percent RPI since 2020. A prospective buyer should be able to capitalize on the low RPI and the anticipated increase in RevPAR through better revenue management, not only benefiting from increased market share but also higher NOI flow-through.

Investment Highlights

  • Lender Directed Short Sale
  • Three-Story, 45-Room, Choice Hotels-Branded, Interior-Corridor Hotel
  • Offer Due Date: January 12th, 2024
  • Expected to Trade Well Below Replacement Cost
  • Easily Accessible from Interstate 10 and 2 Miles from U.S. Highway 377
  • Centrally Located Between Austin, San Antonio, and San Angelo
  • TTM July 2023 RPI of 32 Percent and Four-Year RPI Average of 48 Percent Presents Value-Add Opportunity

Exclusively Listed By

Financing By

Hotel-Motel

Econo Lodge Junction

Listing Price: Request For Offer

Number of Rooms
45
RevPAR
$13
Year Built
1986

Investment Highlights

  • Lender Directed Short Sale
  • Three-Story, 45-Room, Choice Hotels-Branded, Interior-Corridor Hotel
  • Offer Due Date: January 12th, 2024
  • Expected to Trade Well Below Replacement Cost
  • Easily Accessible from Interstate 10 and 2 Miles from U.S. Highway 377
  • Centrally Located Between Austin, San Antonio, and San Angelo
  • TTM July 2023 RPI of 32 Percent and Four-Year RPI Average of 48 Percent Presents Value-Add Opportunity

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap’s Hospitality Division is pleased to present for sale to qualified investors the Econo Lodge Junction (‘Hotel’ or ‘Property’) located in Junction, Texas. The Choice Hotels-branded Hotel is offered on a “call for offers” basis. Please reach out to the listing agent for more information. Econo Lodge Junction is a 45-room, three-story Hotel stationed at 111 Martinez Street in Junction, Texas. Located near Interstate 10, the property is centrally located between Austin (138 miles), San Antonio (113 miles), and San Angelo (98 miles). Various common area amenities at the Property include an outdoor swimming pool, fitness center, and spacious outdoor parking that can accommodate up to 8 semi-trucks. Junction, situated in the heart of Texas’ Hill Country, offers a variety of activities for visitors and locals alike. Beyond its highway business routes, the town provides a gateway to outdoor adventures, including hiking and camping in South Llano River State Park, where nature enthusiasts can enjoy birdwatching and scenic trails. During hunting season, the surrounding area becomes a haven for hunters, attracting those in pursuit of game like deer and turkey. Additionally, Junction hosts engaging events such as lively disc golf tournaments, showcasing the town's active community. For history buffs, the Kimble County Historical Museum provides a glimpse into the area's past, featuring exhibits on local heritage and culture. The town is also known for its starry nights, making it a great spot for stargazing enthusiasts. Junction's serene environment and scenic landscapes make it an ideal location for camping and picnicking along the South Llano River. Fishing and kayaking are popular activities, allowing visitors to unwind amidst nature. Furthermore, the town's warm and inviting atmosphere makes it a perfect destination for family reunions, offering not only beautiful outdoor spaces but also cozy venues for gatherings. In the trailing twelve-month period ending in July 2023, the limited-service Hotel recorded room revenues of over $205,000. The Hotel has consistently underperformed the STR-defined competitive set, recording a 32 percent RevPAR Penetration Index (RPI) in the latest report, and averaging 48 percent RPI since 2020. A prospective buyer should be able to capitalize on the low RPI and the anticipated increase in RevPAR through 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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