For Sale
$5,955,000

1911 Wall StWeatherford, TX 76086

Profitable Texas Hotel, 50 Keys

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 50-key Clarion Inn & Suites hotel in Weatherford, Texas, presents a lucrative investment opportunity. Boasting 21,824 square feet across three stories, this interior corridor property underwent a complete renovation in 2023 and features an indoor pool. A 2021 Property Improvement Plan (PIP) included a new roof. The hotel's on-site restaurant and bar contribute approximately $100,000 in annual revenue. Financial performance is strong, with the 2023 Revenue Per Available Room (RevPAR) exceeding the competitive set following the PIP completion. The property's Gross Rent Multiplier (GRM) reflects this success, with a 4.09 GRM in 2022 and a 4.41 GRM in 2023. Situated on a 0.93-acre lot (APN R000025899) in a high-traffic area of South Weatherford, the hotel benefits from its proximity to a major North Texas healthcare provider and is conveniently located approximately one hour from Dallas Fort Worth International Airport. The property is zoned Commercial and was originally built in 2007. This turnkey operation offers significant potential for continued growth and strong returns. The property's prime location and recent upgrades make it an attractive investment for discerning buyers.

Highlights

  • $5,955,000 asking price for a 50-key hotel.
  • 2021 Property Improvement Plan (PIP) completed, including a new roof.
  • On-site restaurant and bar generating approximately $100,000 in annual revenue.
  • 2023 RevPAR exceeding competitive set following PIP completion.
  • 2022 GRM of 4.09 and 2023 GRM of 4.41.
  • Three-story, 50-unit interior corridor hotel with an indoor pool.

Property Details for 1911 Wall St

Property type
Hospitality properties, Hotels
Square Feet
21,824 SF
Year Built/Renovated
2007/2023
Stories
3
Lot Size (sq. ft)
40,511 SF

Location Insight

City
Weatherford
County
Parker
State
Texas
Latitude
32.7328482
Longitude
-97.7900224
1911 Wall St, Weatherford, Texas

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1911 Wall St
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