441 Rio Concho DrSan Angelo, TX 76903

Property Details for 441 Rio Concho Dr

Year built

1984

Lot size

5.37 AC

Property size (Sq ft)

73,884 SF

Property type

Hotels

APN

13-23500-0000-023-00

APU

1323500000002300

Description

This fee-simple, dual-branded Clarion and Suburban Studios hotel presents a compelling value-add investment opportunity in San Angelo, Texas. Boasting 148 keys (94 Clarion rooms and 54 Suburban Studios), this six-story property sits on 5.37 acres and enjoys a prime location directly connected to the San Angelo Convention Center via a private pathway. Built in 1985 and extensively renovated between 2022 and 2023 with over $3 million in upgrades (including a new roof, boilers, sprinkler system, and more), the hotel offers significant upside potential. The property features an indoor pool, meeting spaces, and a leased on-site restaurant. Currently operating at 68% occupancy as of August 31, 2024, this hotel benefits from proximity to Goodfellow Air Force Base, ensuring consistent demand. The 136,587 square foot property is managed by absentee owners, presenting an opportunity for an owner-operator to enhance management and profitability. This is a rare chance to acquire a well-positioned, recently renovated hotel in a growing Texas market.

Location Insight

City

San Angelo

County

Tom Green

State

Texas

Latitude

31.4614

Longitude

-100.426

CBSA code

41660

CBSA name

SAN ANGELO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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