143 Service Company Rd
Carrizo Springs, TX 78834
Artemis Lodge · Hospitality Property For Sale · 47,896 SF

Artemis Lodge is being offered for sale as a current vacant "turnkey" investment opportunity as a Lodging facility catering to the Oil, Chemical, Gas, Pipeline, and related industries working in the nation's largest Shale Oil Reserve, the Eagle Ford Shale. Artemis Lodge is located in Carrizo Springs, Texas, on Service Company Road including 5.5 acres and the facility improvements. Historically, Artemis Lodge has generated revenue as high as $1,857,588 in 2014 and $1,562,844 in 2013. For the prior year of 2019, Artemis Lodge operated through October and produced $917,705 which equates to an average of $91,770.53 per month with an overall 2019 average occupancy of 40.9 percent. The next investor should be able to have the facility up and running as soon as staff is hired, depending on what services are planned to be offered. In addition to the onsite modular structures, this sale includes the furniture and fixtures that have been added in each room, including beds, TVs, etc., in order to operate the facility as a lodge. Besides the opportunity for excellent Return on Investment yields that Artemis Lodge offers, the Sellers are open to the idea of seller financing which could make the entry and returns to Artemis even more significant, allowing the next investor a unique exit strategy. A CA and NDA from investors will allow for historical financials to be provided by the Seller. For Seller financing to be considered, a minimum down payment of $500,000 will be required. The possible Seller financing terms would be: 25 percent to 30 percent down, 6.0% fixed interest on a 3 - 7 year term with a Balloon payment at the end of the term. Please consult with agent prior to presenting an offer in regard to Seller's stated financing terms. The existing improvement to Artemis Lodging include modular structures totaling ~47,896 square feet of lodging. The modular structures were built in 2007.