Hotel in growing vibrant downtown

Description:

Calling investor! Looking for a huge Invest Opportunity?


Located in the heart of the San Angelo Business District, this 75-room hotel would make a great investment. This property sits right off of Highway 87 where it bisects the city as well as right next to Beauregard which is a major road in San Angelo. A vibrant downtown with restaurants, shopping, museums, and a beautiful river walk are all within a short walk or drive from the property. Located within a ten minute walk to the San Angelo Visitor Center, half a mile to The International Water Lily Garden and less than a mile to Shannon Medical Center. The city gladly reported Q3 for 2023 hotel occupancy up 6.3% with continued growth expected. A full San Angelo economic review is available upon request. The hotel offers a restaurant space and events spaces that will draw a crowd and add revenue. Plus, an additional parking lot located directly behind the hotel will convey. There is an indoor pool that will allow for the perfect relaxing end to a day after exploring Downtown San Angelo.



Located in thriving downtown with Hospitality on the rise in San Angelo, TX
Absentee Owned And Staff Operated – Significant Management Upside For A Hands-On Buyer
Rebranding Opportunity or possible Franchise transfer
RevPAR has increase 17.8% since 2019
The third Quarter data of 2023 showed a 9.3% increase since 2019 in total hotel revenue for San Angelo, TX
The third Quarter data of 2023 shows hotel occupancy up 6.3%