2101 Veterans BlvdDel Rio, TX 78840

Property Details for 2101 Veterans Blvd

Year built

1971

Lot size

5.13 AC

Property size (Sq ft)

242,062 SF

Property type

Other commercial real estate

APN

14580

APU

14580

Description

This exceptional 147-key Ramada hotel in Del Rio, Texas, presents a compelling investment opportunity. Boasting 242,062 square feet, this property offers a robust Net Operating Income (NOI) of $1,710,000, translating to a highly attractive 12.30% capitalization rate. The asking price is $13,900,000. Completely renovated in 2022, this turnkey operation requires no further property improvement plan (PIP) investment. The hotel's strong brand recognition within the Wyndham Hotels & Resorts portfolio ensures a consistent stream of bookings. Its strategic location near Laughlin Air Force Base, Lake Amistad, and the Del Rio Civic Center, coupled with the city's thriving economy driven by international trade, tourism, and the presence of major manufacturing plants in nearby Ciudad Acuña, Mexico, guarantees a high occupancy rate. The recent $300 million renovation of the Lake Amistad Dam and the anticipated commencement of commercial flights at Del Rio International Airport in 2025 further enhance the property's long-term growth potential. The hotel's 2023 NOI represented 38% of revenue, indicating healthy margins and significant potential for operational improvements and revenue maximization under new ownership. This presents a rare chance to acquire a well-established, high-performing hotel in a rapidly growing border town. The property was built in 1974.

• Alternative Use

  Use

  Valuation

  Residential

  $51,501,156

  Hospitality

  $47,174,784

  Educational

  $39,248,868

  Medical

  $40,598,696

  Retail

  $61,053,792

Location Insight

City

Del Rio

County

Val Verde

State

Texas

Latitude

29.3866

Longitude

-100.904

CBSA code

19620

CBSA name

DEL RIO, TX MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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