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

PROPERTY TAXES

  • Listing ID: 29868079

  • Date on Market: 10/24/2023

  • Last Updated:

  • Address: 1919 TX-16, Graham, TX 76450