Specialty Real Estate
110 Bmt Drive Jourdanton, TX 78026
Details & Description
Price: $4,200,000
    [Short Sale] - 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. The hotel is attractively priced at $66,666/key, well below replacement value.The sale represents a tremendous turn-around/repositioning opportunity for an experienced owner to buy the hotel at low price due to CovidAtascosa County is located along the northern fringe of Eagle Ford Shale formation, which is the latest emerging shale gas play in the United States
    Property Highlights
     Value-Add opportunity to acquire an underperforming property that operated at a $37 RevPar in 2020 vs 2019s $64 RevPar
     This is an approved short sale. A new owner would receive a substantial discount by purchasing the properties now
    Listing Agents
    Rav Singh

    O: 210-696-9996
    M: 210-849-2175
    rav@kwcommercial.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    110 Bmt Drive

    Jourdanton, TX 78026

    Listing ID: 272023
    110 Bmt Drive Jourdanton, TX 78026 | for Sale | Photo 1
    Building Size: 34,545 SF
    Lot Size: 1.590 AC
    Land Size: 69,260 SF
    Building $/SF: $121.58
    Land $/SF: $60.64
    Price
    $4,200,000
    Property Highlights
    This is an approved short sale. A new owner would receive a substantial discount by purchasing the properties now
    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 2019s $64 RevPar
    The Hotel can grow revenue through stronger RevPAR penetration and better revenue management practices
    Description

    [Short Sale] - 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. The hotel is attractively priced at $66,666/key, well below replacement value.

    The sale represents a tremendous turn-around/repositioning opportunity for an experienced owner to buy the hotel at low price due to Covid

    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

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    San Antonio History of Specialty Real Estate for Sale

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    Jourdanton Area Market Trends

    Listing Demographics for 110 Bmt Drive Jourdanton, TX 78026

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

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    Common Questions and Answers

    What is the asking price for 110 Bmt Drive in Jourdanton?
    The asking price for 110 Bmt Drive is $4,200,000
    What is the building size of this Specialty property in Jourdanton, TX?
    The size of the building/unit at 110 Bmt Drive in Jourdanton is 34,545 square feet
    How much land does the Jourdanton, TX property at 110 Bmt Drive include?
    110 Bmt Drive in Jourdanton includes 1.590 acres of land
    What kind of Specialty is the propery at 110 Bmt Drive?
    The property at 110 Bmt Drive Jourdanton, TX 78026 is listed as a Hotel/Motel/Resort Specialty property
    What is the population within 1 mile of 110 Bmt Drive in Jourdanton?
    The population within 1 mile of 110 Bmt Drive Jourdanton, TX 78026 is 463 people.
    Who do I contact for questions about 110 Bmt Drive?
    You should contact the listing agent, Rav Singh , for any details regarding this commercial listing.

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    Airport Distance (mi) Directions
    San Antonio International Airport (SAT) 42
    Corpus Christi International Airport (CRP) 102
    Austin Bergstrom International Airport (AUS) 102