1919 TX-16
Graham, TX 76450
Auction - Salt Creek Lodge | $269K NOI · Hospitality Property For Sale
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25,512 SF

INVESTMENT HIGHLIGHTS
- STARTING BID $450,000 | 46 Rooms | $269K NOI | AUCTION DECEMBER 4-6, 2023
- Easily Accessible and Highly Visible from State Highway 16
- LTM $530,537 of Room Revenue with a 46.7 percent NOI
- Located 87 Miles West of Fort Worth and 34 Miles South of Wichita Falls
- Situated Near Graham’s Highest Value Businesses
PROPERTY FACTS
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | C |
Lot Size | 1.97 AC |
Building Size | 25,512 SF |
No. Stories | 2 |
Year Built/Renovated | 1984/2023 |
Parking Ratio | 2.35/1,000 SF |
Corridor | Exterior |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ABOUT 1919 TX-16 , GRAHAM, TX 76450
Marcus & Millichap's Hospitality Division, in conjunction with RI Marketplace, is pleased to present for sale to qualified investors the Salt Creek Lodge (‘Hotel’ or ‘Property’) located in Graham, Texas. Salt Creek Lodge is a 46-room, two-story exterior corridor Hotel situated on 1.64 acres in Graham, Texas, and is situated. Th many common area amenities at the Property include an on-site restaurant, RV parking facilities, and mail service. The Hotel has reached $530,537 LTM room revenue and a net operating income of just over $269,381, or 46.7 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 benefiting from increased market share but also higher NOI flow-through.
LINKS
PROPERTY TAXES
Parcel Number | 12008 | Improvements Assessment | $270,560 |
Land Assessment | $32,970 | Total Assessment | $303,530 |
Listing ID: 29868079
Date on Market: 10/24/2023
Last Updated:
Address: 1919 TX-16, Graham, TX 76450