This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
This Hospitality Property is no longer advertised on LoopNet.com.

2005 Veterans Blvd
Del Rio, TX 78840
La Quinta Inn & Suites Del Rio · Hospitality Property For Sale · 30,300 SF

INVESTMENT HIGHLIGHTS

  • 101-Room, Interior Corridor, Upper Midscale Hotel
  • Less than 10 Miles from Laughlin Air Force Base and Del Rio International Airport
  • Hotel Offers Strong Cash-Flows With Above 45 Percent Net Operating Income
  • New Owner has Option to Maintain Current Flag, or Re-brand Hotel
  • Priced Significantly Below Replacement Cost at $35,644 Per Key
  • Continued Additional Upside with Future Regional Pipeline Activity Scheduled

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 4.71 AC
Building Size 30,300 SF
No. Stories 2
Year Built 1965
Corridor Exterior
Zoning C-2-A

AMENITIES

  • Business Center
  • Pool
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free

ABOUT 2005 VETERANS BLVD , DEL RIO, TX 78840

Property Overview: The La Quinta Inn & Suites Del Rio is a 101-room, two-story, interior corridor hotel. Well-equipped with numerous common area and guest room amenities, this limited-service upper midscale hotel offers spacious guest rooms that come furnished with a microwave, refrigerator, work desk, and flat-screen television. Additionally, some splendid common area amenities the hotel has to offer consist of an outdoor pool, business center, conference space, and self-service laundry facilities. Location Overview: Del Rio, Texas is a city located in Val Verde County in the southern region of the state, 160 miles west of San Antonio and six miles north of the U.S. Mexico border. The La Quinta Inn & Suites Del Rio is superbly positioned on Veterans Boulevard, near the Del Rio International Airport. With the city's major employers and popular revenue generators near the property, this sought-after hotel benefits from many key industries of the city which include retail trade, public administration, and health care. Walmart Supercenter and Val Verde Regional Medical Center, two of the city's largest employers located approximately one mile from the hotel, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the workforce include Union Pacific Railroad Company (1.9 miles) and Laughlin Air Force Base (8.7 miles). Revenue generators in the area, like Plaza Del Sol Mall (0.5 miles) and Walter Levermann Stadium (1.4 miles) help bring additional revenue to the hotel through an increase in transient business. Extra demand drivers for the city include Del Rio International Airport (1.9 miles) and Whitehead Memorial Museum (2.7 miles).

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14573
Land Assessment
$1,604,494
Improvements Assessment
$1,917,806
Total Assessment
$3,522,300
  • Listing ID: 18265603

  • Date on Market: 1/22/2020

  • Last Updated:

  • Address: 2005 Veterans Blvd, Del Rio, TX 78840

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}