1919 TX-16
Graham, TX 76450
Salt Creek Lodge · Hospitality Property For Sale · 25,512 SF

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to quali?ed investors the Salt Creek Lodge (‘Hotel’ or ‘Property’) located in Graham, Texas. The Choice Hotels-branded Hotel is offered at $1,975,000 or $42,935 per key. Graham, Texas, is the county seat of Young County and is situated 87 miles West of Fort Worth and 34 miles South of Wichita Falls. The Hotel's proximity to some of the city’s popular demand generators allows it to take full advantage of the prominent industries within the local economy. Possum Kingdom Lake is a popular destination near Graham, known for its crystal-clear waters, scenic cliffs, and abundant outdoor activities. Visitors can enjoy swimming, boating, ?shing, and water sports such as jet skiing or kayaking. The Old Post Of?ce Museum and Art Center is a historic building in downtown Graham that houses fascinating exhibits and artwork where one can learn about the local history and culture through various displays, including artifacts, photographs, and interactive exhibits. The art center also features rotating art exhibitions, providing a glimpse into the vibrant artistic community of Graham. Visitors can also stroll around the downtown square of Graham, which features charming shops, boutiques, restaurants, and local businesses. The Graham Downtown Square is the largest in America and often hosts events and festivals, such as the Food Truck Championship of Texas, which takes place every June. The Hotel is expected to reach $540,000 of room revenue and a net operating income of just over $236,000, or 43.7 percent of total revenues, after a 4 percent capital replacement reserve for the trailing twelve-month period ending in December 2023. As of May, the twelve-month average RevPAR in the Central Texas Area hotel submarket was climbing at an annual rate of 3.2 percent. A prospective buyer should be able to capitalize on the anticipated increase in RevPAR through better revenue management, not only bene?ting from increased market share but also higher NOI ?ow-through.