For Sale
$7,500,000

4013 Houston Harte Expy San Angelo, TX 76901

123-Key Hotel, Turnkey Operation

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 123-key, four-story WoodSpring Suites extended-stay hotel, built in 2014, presents a lucrative investment opportunity in San Angelo, Texas. Located at 4013 W Houston Harte Expy, San Angelo, TX 76901 (APN 22-40050-0001-013-00), this Choice-branded property boasts high profit margins and low maintenance costs, a hallmark of the WoodSpring Suites brand. Each spacious suite includes a full kitchenette equipped with cooking utensils and a guest laundry facility, catering to the extended-stay market. The hotel benefits from a turnkey operation, requiring no property improvement plan (PIP) from Choice Hotels upon transfer of ownership. A full operational staff, including a General Manager, Assistant General Manager, front desk personnel, and housekeeping, is in place, making this an ideal investment for an absentee owner. Conveniently situated near Interstates 14 & 27, this B1-zoned property offers an assumable CMBS loan with a favorable 4.88% interest rate and a 30-year amortization, further enhancing its appeal. The asking price is $7,500,000. This represents a rare opportunity to acquire a well-managed, high-performing hotel with significant upside potential. The property is fully operational and ready for immediate ownership.

Highlights

  • $7,500,000 asking price for a 123-key, 2014-built WoodSpring Suites extended-stay hotel in San Angelo, TX.
  • Extended-stay suites include full kitchenettes, cooking utensils, and guest laundry.
  • Turnkey operation with no required property improvement plan (PIP) from Choice Hotels.
  • Full staff (GM, AGM, front desk, housekeeping) in place, ideal for absentee ownership.
  • Assumable CMBS loan available at 4.88% interest with a 30-year amortization.

Property Details for 4013 Houston Harte Expy

Property type
Hospitality properties, Hotels
Year Built
2014
Stories
4

Location Insight

City
San Angelo
County
Tom Green
State
Texas
Latitude
31.4473238
Longitude
-100.4920188

FAQs

What type of property is this?
Hospitality property - 123-Key Hotel, Turnkey Operation
Where is the hospitality property located?
The property is located at 4013 Houston Harte Expy San Angelo, TX.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: $7,500,000 asking price for a 123-key, 2014-built WoodSpring Suites extended-stay hotel in San Angelo, TX.; Extended-stay suites include full kitchenettes, cooking utensils, and guest laundry.; Turnkey operation with no required property improvement plan (PIP) from Choice Hotels.
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4013 Houston Harte Expy
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