The Regal Hotel 2313 SE Loop
50 Room Hotel Carthage, TX 75633 $2,000,000 ($40,000/Room)
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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 | - |
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PROPERTY TAXES
Parcel Number | 33841 | Improvements Assessment | $959,120 |
Land Assessment | $21,770 | Total Assessment | $980,890 |
ZONING
Zoning Code | C |