What's Happening?
The Holiday Inn Express & Suites in Floresville, Texas, has been listed for sale, presenting a strategic investment opportunity in the Eagle Ford Shale region, a key area for oil and gas production. The hotel, located southeast of San Antonio, has shown robust financial performance, with an average annual revenue of nearly $1.9 million over the past three years. It ranks favorably in occupancy and revenue per available room compared to local competitors. The property is priced below replacement cost, offering potential investors a compelling opportunity in a thriving market.
Why It's Important?
The sale of this hotel highlights the ongoing demand for hospitality assets in regions with strong economic drivers like the oil and gas industry. Floresville's location within the Eagle Ford Shale region ensures consistent demand from industry professionals and visitors, supporting stable revenue streams. The hotel's affiliation with the InterContinental Hotels Group (IHG) provides additional advantages through brand loyalty and access to a large customer base. This investment opportunity is attractive to those seeking assets with potential for growth and stable returns.
What's Next?
Potential investors will need to complete required property improvements to secure a 15-year license agreement with IHG, enhancing the property's marketability and operational efficiency. The hotel's strategic location and economic backdrop suggest continued demand and potential for revenue growth. Investors may explore opportunities to further capitalize on local attractions and events to boost occupancy rates.
