Motel 6


Price:
$2,300,000

Address :
311 Bryant Blvd N
San Angelo, TX 76903


  •  Well-located to demand generators and traveler amenities
  •  Good opportunity for owner/operator
  •  Manager’s Apartment
  •  Motel 6 Franchise Available Upon Completion of PIP
  •  The hotel is being offered subject to the existing franchise. Motel 6 is expected to grant a standard license agreement upon the completion of a Product Improvement Plan (PIP).
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  •  Home to over 100,000 people, the City of San Angelo is the regional economic, cultural, medical, and educational center of the Concho Valley.
  •  Close to Regional Demand Generators, Including...
    •  0.9 Miles to Shannon Medical Center
    •  1.5 Miles to Historic Fort Concho
    •  2.3 Miles to Angelo State University
    •  3.1 Miles to Texas Bank Sports Complex
    •  3.4 Miles to Foster Communications Coliseum, Home of the San Angelo Stock Show & Rodeo
    •  6.1 Miles to Goodfellow Air Force Base
    •  6.7 Miles to San Angelo State Park
    •  9.5 Miles to San Angelo Regional Airport
  •  98 Rooms
  •  Guest Laundry
  •  Seasonal Outdoor Pool
  •  Wireless Internet Available
  •  5 Buildings - 2 Stories, Exterior Corridors
  •  Wood Frame Structure
  •  Stucco Facade
  •  Flat, Built-Up Roof (Back 3 Buildings Have NEW TPO Roofs)
  •  Concrete & Asphalt Parking Lot
  •  Built 1979
Financials
2015
2016
2017
T-12Mos 4/18
Occupancy
67.3%
53.1%
51.2%
53.9%
Average Daily Rate
$55.12
$42.78
$40.85
$41.00
Room Revenue
$1,326,979
$814,819
$747,937
$790,901
Net Operating Income
$509,591
$126,318
$118,471
$166,588
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!