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2544 Southwest BlvdSan Angelo, TX 76901
SpringHill Suites San Angelo
Asset ClassHotel & Hospitality
overview of deal

Overview

HREC Investment Advisors (“HREC IA”) is pleased to offer, to qualified investors, the opportunity to acquire the fee simple interest in the 96-room SpringHill Suites San Angelo (“Hotel” or “Property”), located at 2544 Southwest Boulevard, San Angelo, TX 76901.

 

The SpringHill Suites San Angelo presents a compelling opportunity with robust operational performance in a dynamic market. With an NOI flowthrough of 30.6%, the Hotel offers stable in-place cash flow. Since Owner completed a PIP in 2022, including the replacement of select case goods, a new owner can anticipate a soft-goods refresh PIP to be due upon change of ownership.

 

SpringHill Suites San Angelo benefits from its location in one of West Texas’ thriving economic centers. With a population exceeding 100,000 residents, San Angelo serves as a hub for industries ranging from defense and manufacturing to education and healthcare. The city’s rich cultural heritage, highlighted by attractions like Fort Concho National Historic Landmark and a vibrant arts scene, combined with abundant outdoor recreational opportunities, makes it a magnet for both residents and visitors alike.

 

The Hotel’s proximity to Goodfellow Air Force Base and Angelo State University positions it at the nexus of demand from military personnel, students, and corporate travelers. With San Angelo Regional Airport performing upgrades and the city’s strategic location in the Permian Basin energy region, SpringHill Suites San Angelo is poised to capture room-night demand from a diverse set of demand generators. This investment promises strong returns driven by consistent demand from multiple sectors, ensuring sustained occupancy rates and revenue growth in a dynamic and expanding market.

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Investment Highlights

  • Strong Operating Performance
  • Excellent Location in Military Town
  • Growing and Diversified Economy
  • Marriott Brand Affiliation
  • Offered Well Below Replacement Cost
  • Offered Unencumbered by Management
  • 7-Year Refresh PIP Anticipated
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2544 Southwest BlvdSan Angelo, TX 76901
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Listing provided by Revere CRE