Description:

La Quinta Inn & Suites is a 63 room, limited-service, three story hotel located in Jourdanton, Texas. Constructed in 2013, the hotel is located off State Hwy 97 approximately 40 miles from San Antonio, TX. Property includes an outdoor pool along with a variety of amenities for guest convenience. Each non-smoking guest room features a mini-refrigerator, microwave, desk, ironing amenities, and flat-screen HDTV.
Currently the hotel is run with semi-absentee management and would therefore offer new ownership strong upside potential with proper management and ownership in place.
This is an approved short sale. A new owner would receive a substantial discount by purchasing the properties now
The sale represents a tremendous turn-around/repositioning opportunity for an experienced owner to buy the hotel at low price due to Covid
Perfect for Owner - Operator or First Time Buyer!
Value-Add opportunity to acquire an underperforming property that operated at a $37 RevPar in 2020 vs 2019's $64 RevPar
The Hotel can grow revenue through stronger RevPAR penetration and better revenue management practices
Atascosa County is located along the northern fringe of Eagle Ford Shale formation, which is the latest emerging shale gas play in the United States

Presented by:

Glenda  Keeney-Gibson

Director

(480) 629-5300

(602) 622-0818

Click here to email

Property Flyer

Listed by:

Singh Commercial Group