- Fully Renovated Asset: Comprehensive upgrades include new flooring, paint, Wi-Fi infrastructure, security systems, and refreshed unit interiors and common areas.
- Dual-Use Income Model: Operates successfully as both an apartment complex and extended-stay hotel, generating strong cash flow from multiple tenant types.
- Proven Performance: Average apartment rents exceeding $950 per month and extended-stay revenue of over $1,200 per occupied unit monthly.
- Strong Market Fundamentals: Located near the Eagle Ford oil field, agricultural industries, and regional employment centers driving consistent housing and lodging demand.
- Stabilized Turnkey Opportunity: Established reputation with a 4.8-star Google rating and immediate income potential for a new investor.
INVESTMENT OVERVIEW
As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Hotel Dilley Grand, a fully renovated 20-unit property operating as both an apartment community and extended-stay hotel, located at 110 South Main Street in Dilley, Texas.
The property consistently achieves strong rental performance, with average apartment rents exceeding $950 per month and extended-stay operations generating over $1,200 per occupied unit monthly. Additionally, the property’s 4.8-star Google rating underscores its strong local reputation and established customer base. With the hard work of asset repositioning complete, Hotel Dilley Grand represents a stabilized, income-producing investment that is turnkey for the next owner.
Located in a resilient South Texas market, the asset benefits from multiple long-term demand drivers, including the Eagle Ford Shale oil field, the nation’s largest migrant center, a major detention facility, and regional agricultural industries such as watermelon farming. Seasonal hunting activity and the blue-collar industries that underpin the local economy further contribute to consistent housing and lodging demand. These sectors provide a steady base of residents and extended-stay guests seeking quality accommodations at accessible price points.
The property has been renovated comprehensively, featuring new flooring and baseboards throughout, fresh interior and exterior paint, upgraded wireless network infrastructure, a modern security camera system, and a series of capital improvements across both common areas and guest units. Ownership has also enhanced the property’s digital presence through a professional website, promotional videos, and an active social media following—further supporting occupancy and guest engagement.
Hotel Dilley Grand presents a compelling opportunity for an investor seeking reliable cash flow in a market with durable demand drivers and continued growth potential. With stabilized performance, minimal near-term capital needs, and strong operational fundamentals, the asset offers immediate income generation and future upside through expanded extended-stay operations, corporate housing agreements, and targeted marketing initiatives. The seller, satisfied with the property’s performance, is now offering this stabilized investment to allow the next owner to build upon its established success.
LISTING AGENT
Ben Kalter
Director Investments
National Hospitality Division
San Antonio Office
P: (210) 343-7809
E: Ben.Kalter@marcusmillichap.com
Lic #: TX: 747446
