112 I-35 Frontage Road, Pearsall, TX 78061
- Oil & Gas
Marcus & Millichap’s National Hospitality Group, as an exclusive broker, is pleased to offer for sale the Southern Inn & Suites Pearsall in Pearsall, Texas. The Southern Inn & Suites Pearsall is a perfect opportunity for an owner-operator to acquire a hotel in an up-and-coming oil and gas market in south Texas.
The property is offered significantly below replacement cost at $1,400,000, which is $43,750 per room. This asset benefits from a low-cost operation and potential for increased business due to recent oil and gas market ramp up. As a result of a positive outlook in late 2017 and immediate future, this asset may experience year-over-year revenue growth of approximately twenty-five percent for 2017.
The Southern Inn & Suites in Pearsall, Texas is a 32-room exterior corridor economy hotel built in 2012. All rooms are equipped with a coffee maker, microwave, refrigerator, seating area, desk, flat-screen television, and iron with ironing board. Accordingly, the Southern Inn & Suites Pearsall offers common area amenities such as barbecue facilities, outdoor pool, breakfast area, and laundry facilities.
Pearsall, Texas, is located in the heart of Eagle Ford Shale, presumably the largest shale formation in the United States. Oil and natural gas exploration, drilling, and servicing activities have resulted in s tremendous amount of room night demand from employees working in the Eagle Ford Shale area. This demand is expected to increase as oil and gas activities return to Eagle Ford Shale once the natural gas prices start rising. The United States’ need to become energy independent has further fueled growth in the local oil and gas sector. Pearsall is located approximately 55 miles south of San Antonio, and 30 miles north of Cotulla, Texas, along Interstate Highway 35. Furthermore, Southern Inn & Suites Pearsall is located off of Interstate Highway 35, next to the Petro Shopping Center and eight miles from Pearsall Parks & Recreation. The Frio Regional Hospital is within two miles of the hotel.
Agent for this listing
Senior Associate, National Hospitality Group
Office: (713) 452-4270
Mobile: (281) 684-5653
Fax: (713) 452-4210