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Hotel-Motel

Lux Inn & Suites

5864 US-281, Three Rivers, TX 78071

Listing Price: $1,100,000

Number of Rooms
30
RevPAR
$25
Price/Room
$36,667
RRM
3.82
Year Built
2012

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors Lux Inn & Suites (‘Hotel’ or ‘Property’) located in Three Rivers, Texas. The extended-stay Hotel is offered below replacement cost at $1,100,000 or $34,375 per key.

Lux Inn & Suites is a 30-room, two-story Hotel stationed at 5864 US-281, just off Highway 281, a pivotal conduit to the Interstate 37 freeway connecting San Antonio to Corpus Christi. Common area amenities at the Property include a barbecue & picnic area. The Hotel is located two miles from The Valero Three Rivers Refinery, which has access to crude oil from West Texas and South Texas, employs 300 people, and produces 100,000 barrels per day (bpd) throughput capacity.

Three Rivers, Texas, is a charming community with a blend of cultural, historical, and outdoor attractions. The Choke Canyon Reservoir (15.7 mi) offers a haven for fishing, boating, and wildlife observation, providing a serene escape for nature enthusiasts. Additionally, Choke Canyon State Park beckons hikers, birdwatchers, and campers with a bird sanctuary and several trails scattered around the area. The city's historical roots are evident in landmarks like the Old Jailhouse Museum (6.9 mi), offering a glimpse into the area's past. Several parks around the city provide recreational opportunities such as Tip's Park (2.2 mi), which features a disc golf course, while the Hilbert H. Kopplin (0.7 mi) and Ponce Park (0.7 mi) have plenty of open space for picnics and outdoor activities. The community's central location between San Antonio (74 mi) and Corpus Christi (73 mi) allows easy access to regional attractions, making Three Rivers a convenient and welcoming destination for both residents and visitors.

Investment Highlights

  • 30-Room, Two-Story Extended-Stay Hotel with Kitchenettes in All Rooms
  • Located Less than 2 Miles from Valero Three Rivers Refinery and Situated within Three Rivers' Enduring Association Oil & Gas Sector
  • Low Maintenance Hotel Property – Ideal for Owner Operator or First Time Buyer - Currently Absentee Owned
  • Centrally Located Between San Antonio and Corpus Christi – Approximately One Hour From Each
  • Offered at a Significant Discount to Replacement Cost at $34,375 Per Key
  • On-Site, Two-Room Manager's Apartment

Exclusively Listed By

Financing By

Hotel-Motel

Lux Inn & Suites

Listing Price: $1,100,000

Number of Rooms
30
RevPAR
$25
Price/Room
$36,667
RRM
3.82
Year Built
2012

Investment Highlights

  • 30-Room, Two-Story Extended-Stay Hotel with Kitchenettes in All Rooms
  • Located Less than 2 Miles from Valero Three Rivers Refinery and Situated within Three Rivers' Enduring Association Oil & Gas Sector
  • Low Maintenance Hotel Property – Ideal for Owner Operator or First Time Buyer - Currently Absentee Owned
  • Centrally Located Between San Antonio and Corpus Christi – Approximately One Hour From Each
  • Offered at a Significant Discount to Replacement Cost at $34,375 Per Key
  • On-Site, Two-Room Manager's Apartment

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors Lux Inn & Suites (‘Hotel’ or ‘Property’) located in Three Rivers, Texas. The extended-stay Hotel is offered below replacement cost at $1,100,000 or $34,375 per key. Lux Inn & Suites is a 30-room, two-story Hotel stationed at 5864 US-281, just off Highway 281, a pivotal conduit to the Interstate 37 freeway connecting San Antonio to Corpus Christi. Common area amenities at the Property include a barbecue & picnic area. The Hotel is located two miles from The Valero Three Rivers Refinery, which has access to crude oil from West Texas and South Texas, employs 300 people, and produces 100,000 barrels per day (bpd) throughput capacity. Three Rivers, Texas, is a charming community with a blend of cultural, historical, and outdoor attractions. The Choke Canyon Reservoir (15.7 mi) offers a haven for fishing, boating, and wildlife observation, providing a serene escape for nature enthusiasts. Additionally, Choke Canyon State Park beckons hikers, birdwatchers, and campers with a bird sanctuary and several trails scattered around the area. The city's historical roots are evident in landmarks like the Old Jailhouse Museum (6.9 mi), offering a glimpse into the area's past. Several parks around the city provide recreational opportunities such as Tip's Park (2.2 mi), which features a disc golf course, while the Hilbert H. Kopplin (0.7 mi) and Ponce Park (0.7 mi) have plenty of open space for picnics and outdoor activities. The community's central location between San Antonio (74 mi) and Corpus Christi (73 mi) allows easy access to regional attractions, making Three Rivers a convenient and welcoming destination for both residents and visitors.

Exclusively Listed By

Financing By

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