2313 SE LoopCarthage, TX 75633

This exceptional 50-unit hotel opportunity in Carthage, Texas, presents a compelling investment prospect. The Regal Hotel boasts recently completed renovations (June 2024), encompassing $125,000 in capital expenditures, upgrading flooring, plumbing, furniture, and televisions. The property features an interior corridor design and includes a separate three-bedroom, two-bathroom dwelling suitable for management or owner occupancy. Situated in a prime location with convenient access to major highways (59, 79, 149, and 315), the hotel benefits from its proximity to local attractions, business centers, and the thriving energy sector. Carthage, known as the "Gas Capital of the United States," offers a robust economy driven by healthcare, retail, and the oil and gas industry. The hotel's strong location is further enhanced by its proximity to Lake Murvaul and the Texas Country Music Hall of Fame. As of August 2024, key performance indicators include an occupancy rate of 45.64%, an average daily rate (ADR) of $71.49, and a revenue per available room (RevPAR) of $34.64. The property's well-maintained exterior contributes to impressive curb appeal. This presents a unique opportunity to acquire a renovated hotel in a dynamic and growing market. The total building size is 60,265 square feet. The property is offered at $2,000,000.