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29342325
29342326

2101 Veterans Blvd, Del Rio, TX 78840 For Sale

AG
TX TX 826978
Matthews
MG
CA 02016029
Matthews
RS
CA CA 02192199
Matthews
Listed by Matthews
$10,500,000
177 days on market
Updated 11 days ago

Ramada Del Rio

Details
Property Type Hospitality
Sub Type Hotel
Square Footage 130,652
Keys 119
Cap Rate 11.52%
NOI $1,210,000
Occupancy 60%
Price per SqFt $80
Year Built 1979
Year Renovated 2022
Stories 2
Investment Type Owner/User
Ownership Fee Simple

$5MM Revenue | 2.1x Multiple | Government Demand

Marketing description

Matthews Real Estate Investment Services is pleased to present the exclusive opportunity to acquire a hotel that has been owned and operated by the same ownership since its beginning. The investment provides consistent revenue, a proven track record, and a reputation as a local and travel favorite. Positioned in a rapidly growing city, this hotel presents an exceptional investment opportunity, with a price set at an attractive 2.18 revenue multiple. It's the perfect opportunity for those looking to invest in a thriving market with long-term growth potential.

Del Rio, Texas, is an exciting and promising location for hotel investment, with significant growth on the horizon. Positioned across the Rio Grande from Ciudad Acuña, Mexico, this dynamic border town benefits from major infrastructure projects strengthening U.S.-Mexico trade. The region sees a steady flow of business travelers due to its proximity to manufacturing hubs like General Motors and Bendix, which fuel frequent cross-border travel.

In addition to its strong business appeal, Del Rio boasts a rich cultural heritage and a variety of attractions. The city hosts vibrant events like the Fiesta de Amistad, a celebration of its Mexican-American roots, and is a gateway to outdoor recreation at Lake Amistad National Recreation Area, popular for fishing, boating, and hiking.

Del Rio’s diverse economy spans international trade, retail, tourism, and education, with institutions like Laughlin Air Force Base and Sul Ross State University-Rio Grande College contributing to its growth. The city also sees strong demand for government housing, with personnel such as state troopers, border patrol agents, and National Guard members requiring accommodations. Group bookings for government personnel, business travel, and large events are frequent, offering consistent occupancy.

With its strategic location, thriving business scene, cultural vibrancy, and the ongoing need for government housing and group bookings, Del Rio offers a unique and exciting opportunity for hotel investors seeking long-term success.


Investment highlights

  • Strong Brand Recognition
    Ramada is a well-known and respected brand within the Wyndham Hotels & Resorts portfolio, attracting a loyal customer base. It has become a favored choice for both locals and travelers visiting Del Rio over the years.

  • No PIP and Turn-Key
    Recently completed Property Improvement Plan (PIP) in 2022, ensuring the hotel is ready for immediate operation with no further capital improvements needed.

  • Prime Location Near Demand Drivers
    The Ramada Del Rio is strategically located near key attractions such as Amistad Lake, Laughlin Air Force Base, Del Rio Civic Center, and various retail centers, ensuring a steady flow of visitors and guests.

  • New Project Developments
    The Amistad Dam remediation project is expected to bring a workforce of 300+ workers, including drill rig operators, concrete plant operators, grout plant operators, local trades, and labor, further driving demand for accommodations in the area.

  • North American Trade Agreement Impact
    The shift toward increased production in North America, driven by the North American Trade Agreement between Canada, the USA, and Mexico, is expected to boost cross-border travel and trade, leading to a rise in visitors and economic activity in Del Rio.

  • Potential for Operational Improvement
    New ownership has the opportunity to improve hotel operations, implement strategic cost management, and maximize revenue strategies, driving increased profitability and long-term success.

Listing Contacts

AG
TX TX 826978
Matthews
MG
CA 02016029
Matthews
RS
CA CA 02192199
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,210,000.00
$100,833.33/mo

Valuation Metrics

0
DSCR
11.52%
Cap Rate
11.52%
ROI

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Additional Information

Name
Patrick Graham
License
528005, 9005919 (TX)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
2699 Howell St., Suite 400, Dallas, TX 75204
Name
Alfonso Garcia
License
TX 826978
Brokerage
Matthews Real Estate Investment Services
Title
Associate
Brokerage Address
8300 Douglas Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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