La Quinta Inn & Suites, Jourdanton TX

Highlights

• This is an approved short sale. A new owner would receive a substantial discount by purchasing the properties now
• The sale represents a tremendous turn-around/repositioning opportunity for an experienced owner to buy the hotel at low price due to Covid
• Perfect for Owner - Operator or First Time Buyer!
• Value-Add opportunity to acquire an underperforming property that operated at a $37 RevPar in 2020 vs 2019's $64 RevPar
• The Hotel can grow revenue through stronger RevPAR penetration and better revenue management practices
• Atascosa County is located along the northern fringe of Eagle Ford Shale formation, which is the latest emerging shale gas play in the United States

Description

La Quinta Inn & Suites is a 63 room, limited-service, three story hotel located in Jourdanton, Texas. Constructed in 2013, the hotel is located off State Hwy 97 approximately 40 miles from San Antonio, TX. Property includes an outdoor pool along with a variety of amenities for guest convenience. Each non-smoking guest room features a mini-refrigerator, microwave, desk, ironing amenities, and flat-screen HDTV.

Currently the hotel is run with semi-absentee management and would therefore offer new ownership strong upside potential with proper management and ownership in place.

La Quinta by Wyndham Jourdanton - Pleasanton is located on the west side of BMT Drive, south of Highway 97 in eastern Jourdanton, Atascosa County, Texas about 42 miles from San Antonio International Airport.

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