Description

This property is well positioned for an owner operator who will come in and improve the rooms, provide an upgraded continental breakfast and establish contract business with contractors and local companies in this growing market. The hotel is very well kept but dated, and well positioned for improvement in REVPAR. Closest REVPAR in the comp set is a Super 8 with a $43.85 REVPAR then across the street is Comfort Inn $51.88 and Hampton Inn $79.16. WE HAVE LOCAL LENDERS WHO KNOW THIS MARKET INTERESTED IT TALKING TO BORROWERS.

Seguin has just seen the ground breaking in January of Caterpillar's new global engine manufacturing facility one mile from the property adding 1,400 new jobs to the market. Continental AG, an electronics manufacturing facility just 1 mile to the north has another 1,500 people. Several large scale construction projects including Caterpillar, a new tollway from Austin to I-10 connecting just East of the property and major hospital renovation proving a great deal of activity in the market to participate in. Currently managed by a management company in Dallas 300 miles away, this hotel needs an owner operator who will spend the time and energy needed to re-energize the hotel and engage in the community to capture more affordable business in this value conscious economy. Priced @ $25K per room, this property is well below replacement costs. Please call for additional details.