The Regal Hotel 2313 SE Loop

50 Room Hotel Carthage, TX 75633 $2,000,000 ($40,000/Room)

INVESTMENT HIGHLIGHTS

  • MTD as of AUG 2024: Occ. 45.64% | ADR: $71.49 | RevPAR: 34.64
  • Renovation completed in 2024 which includes upgraded flooring, plumbing, furniture, and TV's
  • Well-maintained exterior for impressive curb appeal
  • Exceptional location in Carthage, TX with easy access to HWY 59, 79, 149, and 315
  • Convenient access to local attractions and business centers
  • Located in a booming Gas and Oil Market

EXECUTIVE SUMMARY

Devesh "Devo' Ragha with NewGen Advisory is pleased to announce the sale of The Regal Hotel in Carthage, TX. This property features 50 interior corridor units. A double extended 3-bedroom, 2-bath side-by-side is also located on the property for management/owner. Renovations completed in June 2024 with 125k in Capex. The largest industries in Carthage, TX are Health Care & Social Assistance, Retail Trade, and Mining, Quarrying, & Oil & Gas Extraction. The City of Carthage is known as the Gas Capital of the United States and the friendliest spot in the world. They have it all--temperate weather, lots of jobs, a low tax base, good schools and churches, and the world famous Texas Country Music Hall of Fame.

PROPERTY FACTS

Price $2,000,000
Price Per Room $40,000
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 1.98 AC
Building Size 29,172 SF
No. Rooms 50
No. Stories 2
Year Built 2000
Parking Ratio 2.13/1,000 SF
Corridor Interior

AMENITIES

  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Suite 19 $97.00 -
Guest Room 31 $74.00 -

PROPERTY TAXES

ZONING

Zoning Code C
  • Listing ID: 33381213

  • Date on Market: 10/2/2024

  • Last Updated:

  • Address: 2313 SE Loop, Carthage, TX 75633