Hotel-Motel

Red Lion San Angelo

441 Rio Concho Drive, San Angelo, TX 76903

Listing Price: Request For Offer

Number of Rooms
148
RevPAR
$23
Gross SF
10,060
Year Built
1985

Investment Overview

Marcus & Millichap's National Hospitality Group, as the exclusive representative of the seller, is pleased to present for sale to qualified investors the Red Lion Hotel San Angelo. The RLH Corporation-branded hotel is being sold on a call for offers basis and sits on 5.37 acres within the Permian Basin.

Located 10 miles from San Angelo Regional Airport, the hotel is positioned to take advantage of business travel, leisure travel, and oil demand in the market. Red Lion Hotel San Angelo is the closest hospitality asset to the Shannon Medical Center. Additionally, with nearby Interstate travel exceeding 33,000 cars per day, the Red Lion is poised to capitalize on hotel demand in the area.

This six-story, 148-room hotel presents a new investor the chance to acquire this opportunistic asset within a major oil and gas market. Though struggling year-to-date in competitive set RevPAR, the hotels 38 percent RevPAR index offers ample further opportunity for rate escalation from a new owner; additionally, a deeper look at departmental expenses show current inefficiencies in operations with upside available to see an increase in EBITDA.

Popularly known as the Pearl of the Conchos, San Angelo houses an abundance of economic drivers and major employers that boost the hospitality market. Some notable major employers near the hotel include Shannon Medical Center, Ethicon Inc, and San Angelo Community Medical Center. Furthermore, the Fort Concho Museum, Concho River Walk, and Angelo State University are all a short drive away. Lastly, the property benefits greatly from its location to Goodfellow Air Force Base and the surrounding economic impact of the installation.

Current expenses include provisions for a 4 percent capital replacement reserve. The hotel is offered fee simple, unencumbered by a management contract or debt.

Investment Highlights

  • 148-Room, Interior Corridor, Midscale Hotel Built in 1997
  • Hotel Sits on Over 5.3 Acres
  • Underperforming the Market by 60% -- Offers Significant Upside
  • Ability for Hands-On-Owner-Operator to Decrease Expenses & Increase Operations
  • Three Miles from Goodfellow Air Force Base, One Mile from Shannon Medical Center

Exclusively Listed By

Listing Price: Request For Offer

Number of Rooms
148
RevPAR
$23
Gross SF
10,060
Year Built
1985

Investment Highlights

  • 148-Room, Interior Corridor, Midscale Hotel Built in 1997
  • Hotel Sits on Over 5.3 Acres
  • Underperforming the Market by 60% -- Offers Significant Upside
  • Ability for Hands-On-Owner-Operator to Decrease Expenses & Increase Operations
  • Three Miles from Goodfellow Air Force Base, One Mile from Shannon Medical Center

Investment Overview

Marcus & Millichap's National Hospitality Group, as the exclusive representative of the seller, is pleased to present for sale to qualified investors the Red Lion Hotel San Angelo. The RLH Corporation-branded hotel is being sold on a call for offers basis and sits on 5.37 acres within the Permian Basin.

Located 10 miles from San Angelo Regional Airport, the hotel is positioned to take advantage of business travel, leisure travel, and oil demand in the market. Red Lion Hotel San Angelo is the closest hospitality asset to the Shannon Medical Center. Additionally, with nearby Interstate travel exceeding 33,000 cars per day, the Red Lion is poised to capitalize on hotel demand in the area.

This six-story, 148-room hotel presents a new investor the chance to acquire this opportunistic asset within a major oil and gas market. Though struggling year-to-date in competitive set RevPAR, the hotels 38 percent RevPAR index offers ample further opportunity for rate escalation from a new owner; additionally, a deeper look at departmental expenses show current inefficiencies in operations with upside available to see an increase in EBITDA.

Popularly known as the Pearl of the Conchos, San Angelo houses an abundance of economic drivers and major employers that boost the hospitality market. Some notable major employers near the hotel include Shannon Medical Center, Ethicon Inc, and San Angelo Community Medical Center. Furthermore, the Fort Concho Museum, Concho River Walk, and Angelo State University are all a short drive away. Lastly, the property benefits greatly from its location to Goodfellow Air Force Base and the surrounding economic impact of the installation.

Current expenses include provisions for a 4 percent capital replacement reserve. The hotel is offered fee simple, unencumbered by a management contract or debt.

Exclusively Listed By

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