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441 Rio Concho Dr
San Angelo, TX 76903
Clarion Hotel San Angelo near Convention · Hospitality Property For Sale
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68,293 SF
INVESTMENT HIGHLIGHTS
- 148-Room, Interior Corridor, Midscale Hotel Built in 1985
- Underperforming the Market by 60% -- Offers Significant Upside to Increase Room Revenue to be Competitive with the Market
- Three Miles from Goodfellow Air Force Base, One Mile from Shannon Medical Center
- Hotel Sits on Over 5.3 Acres
- Ability for Hands-On-Owner-Operator to Decrease Expenses & Increase Net Operating Income
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 6 |
| Property Subtype | Hotel | Year Built/Renovated | 1985/2022 |
| Building Class | B | Parking Ratio | 3.47/1,000 SF |
| Lot Size | 5.37 AC | Corridor | Interior |
| Building Size | 68,293 SF | ||
| Zoning | CG - General Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 5.37 AC |
| Building Size | 68,293 SF |
| No. Stories | 6 |
| Year Built/Renovated | 1985/2022 |
| Parking Ratio | 3.47/1,000 SF |
| Corridor | Interior |
| Zoning | CG - General Commercial |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
ABOUT 441 RIO CONCHO DR , SAN ANGELO, TX 76903
Property Overview: The Red Lion Hotel San Angelo is a 147-room, six-story, midscale hotel built in 1985 with significant recent renovations. This RLH Corporation select-service hotel includes additional revenue generators including an on-site restaurant and five meeting rooms of 4,166 square feet of available event space. Other common area amenities include a seasonal pool and hot tub. The guest rooms feature a flat-screen television, microwave, refrigerator, pull out couch in select rooms, and two-room suites are available. The RLH Corporation Red Lion Hotels is in over 300 MSAs and surrounding tertiary markets which has a branded Hello Rewards program. The corporation’s global footprint includes eight recognizable brands, over 1,100 properties, and over 75,000 rooms. Each brand experience has signature touchpoints that resonate with the guest. Location Overview: San Angelo, Texas, an ever-expanding city in the heart of Tom Green County, on the southwestern edge of the Edwards Plateau and the northeastern edge of the Chihuahuan Desert at the junction of the North and South Concho Rivers. Located 111 miles southeast of Midland and 207 miles northwest of Austin. The Red Lion Hotel San Angelo is positioned along 441 Rio Concho Drive. With the city's major employers and popular revenue generators nearby, this sought-after property has benefited from the key industries of the city including mining, quarrying, oil, and gas extraction. Goodfellow Airforce Base (6.0 miles) and Shannon Health System (1.0 miles), two of the city's largest employers approximately six and two miles from the hotel, are some of the prime revenue drivers for this location. Other key employers, that are responsible for a significant portion of the workforce, include San Angelo ISD, Angelo State University (1.3 miles), City of San Angelo, Sitel Corporation (8.8 miles), and Lone Star Beef Processors (3.7 miles). Additional demand drivers for the city include The International Water Lily Garden Civic League Park (1.7 miles), Fort Concho (1.0 miles), Miss Hatties Bordello Museum (0.6 miles), and San Angelo Museum of Fine Arts (0.8 miles).
PROPERTY TAXES
| Parcel Number | 13-23500-0000-023-00 | Improvements Assessment | $4,602,970 |
| Land Assessment | $198,720 | Total Assessment | $4,801,690 |
PROPERTY TAXES
