Days Inn Del Rio, TX
PIP Complete | 101 Keys | Owner-Operator Opportunity
Marketing description
Matthews™ is pleased to present the exclusive listing of the 101-key Days Inn Del Rio, located at 2005 Veterans Blvd in Del Rio, Texas. The property has averaged approximately $1.2 million in room revenue over the past three years and recently completed a comprehensive renovation of all 101 guestrooms, with ownership investing over $1 million in 2024 to modernize and reposition the hotel.
Offered at approximately $42,000 per key, the hotel represents an attractive basis well below replacement cost and provides investors with a true turnkey opportunity backed by strong in-place cash flow and an established operating history.
Strategically positioned near key demand drivers such as Amistad Lake, Laughlin Air Force Base, and the Del Rio Civic Center, the property benefits from consistent leisure, military, and group demand. This offering presents significant upside potential for a hands-on operator seeking to further enhance operational efficiencies and maximize profitability in a stable South Texas market. Please do not contact hotel staff, management, or ownership.
For additional information, please contact Alfonso Garcia (214) 432-4719.
Investment highlights
Renovated & Turnkey Opportunity:
All 101 guestrooms were fully renovated in 2024, as well as the lobby and breakfast area with ownership investing over $1MM in capital improvements, positioning the hotel as a turnkey asset with minimal PIP remaining.
Attractive Revenue Multiple:
The offering equates to approximately a 3.5x multiple of the trailing three-year average room revenue of $1.2MM, presenting a strong valuation metric relative to historical performance.
Strong Historical Revenue Performance:
The hotel has averaged approximately $1.2MM in room revenue over the past three years, demonstrating consistent operating history and in-place cash flow.
Prime Location Near Major Demand Drivers:
Strategically located along Veterans Boulevard, the Days Inn Del Rio benefits from immediate access to Amistad Lake, Laughlin Air Force Base, the Del Rio Civic Center, as well as nearby retail corridors and major highway access points.
Amistad Dam Remediation Project:
Ongoing and planned remediation efforts at Amistad Dam are expected to bring an estimated 300+ skilled workers, tradespeople, and laborers to the area, creating additional extended-stay and workforce-related lodging demand that could further support occupancy levels.
Border Trade & North American Manufacturing Shift:
Continued growth in North American manufacturing and cross-border trade between the U.S. and Mexico is expected to drive increased travel and commercial activity through Del Rio, supporting consistent business, transit, and trade-related hotel demand.
Operational Upside Opportunity:
New ownership has the opportunity to enhance revenue management strategies, improve operational efficiencies, optimize ADR, and strategically manage expenses to drive increased NOI and overall profitability.
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