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145 W FM 468
Cotulla, TX 78014
Whitten Inn Cotulla · Hospitality Property For Sale · 34,128 SF
Investment Highlights
- Two-Story, 60-Room, Interior-Corridor Hotel
- Highly Visible and Easily Accessible from Interstate 35
- TTM December 2022 Room Revenues Reached over $1.4 Million in Room Revenue and $753 Thousand in Net Operating Income
- Priced at an Attractive 2.24 Room Revenue Multiplier and 23.5 Percent Cap Rate for $53,333 Per Key
- Property Located Under 5 Miles from Cotulla-La Salle County Airport and Chesapeake Energy
- Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 2009 |
| Building Class | C | Parking Ratio | 2.49/1,000 SF |
| Lot Size | 4.22 AC | Corridor | Interior |
| Building Size | 34,128 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.22 AC |
| Building Size | 34,128 SF |
| No. Stories | 2 |
| Year Built | 2009 |
| Parking Ratio | 2.49/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Meeting Event Space
About 145 W FM 468 , Cotulla, TX 78014
As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Whitten Inn Cotulla and RV Park (‘Hotel’ or ‘Property’) located in Cotulla, Texas. The Hotel is offered at $3,200,000 or $53,333 per key. Cotulla, Texas, is the county seat of La Salle County and is located in South Texas’s Eagle Ford Shale. The city is known for housing the largest sand fracking facility in North America. Cotulla has experienced substantial growth directly correlated to Oil and Gas markets' recent activity, creating demand for lodging. This asset is located less than 5 miles from Chesapeake Energy, a company that has drilled over 164 wells within the Brazos Valley and Eagle Ford Shale. Additionally, visitors can delve into the town's rich heritage by visiting the Brush Country Museum, which showcases exhibits highlighting the region's cultural and historical significance. For outdoor recreation, travelers can enjoy fishing or boating in nearby Choke Canyon Reservoir. The Cotulla Independent School District and Cotulla-La Salle County Airport, two of the city’s largest employers, are located 1.9 miles and 3.8 miles from the Hotel, respectively and are prime revenue drivers for the surrounding area. In the trailing twelve-month period ending in December 2022, the Hotel recorded room revenues of over $1.4 million while maintaining a net operating income of $753 thousand or 48.4 percent of gross revenues, after a four percent capital replacement reserve.
PROPERTY TAXES
| Parcel Number | 54770 | Improvements Assessment | $1,894,800 |
| Land Assessment | $505,200 | Total Assessment | $2,400,000 |
PROPERTY TAXES
zoning
| Zoning Code | G |
| G |
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