The Regal Hotel | 2313 SE Loop
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The Regal Hotel 2313 SE Loop
50 Room Hotel Carthage, TX 75633 £1,584,661 (£31,693/Room)
Investment Highlights
- MTD as of AUG 2024: Occ. 45.64% | ADR: $71.49 | RevPAR: 34.64
- Renovation completed in 2024 which includes upgraded flooring, plumbing, furniture, and TV's
- Well-maintained exterior for impressive curb appeal
- Exceptional location in Carthage, TX with easy access to HWY 59, 79, 149, and 315
- Convenient access to local attractions and business centers
- Located in a booming Gas and Oil Market
Executive Summary
Devesh "Devo' Ragha with NewGen Advisory is pleased to announce the sale of The Regal Hotel in Carthage, TX. This property features 50 interior corridor units. A double extended 3-bedroom, 2-bath side-by-side is also located on the property for management/owner. Renovations completed in June 2024 with 125k in Capex. The largest industries in Carthage, TX are Health Care & Social Assistance, Retail Trade, and Mining, Quarrying, & Oil & Gas Extraction. The City of Carthage is known as the Gas Capital of the United States and the friendliest spot in the world. They have it all--temperate weather, lots of jobs, a low tax base, good schools and churches, and the world famous Texas Country Music Hall of Fame.
Property Facts
| Price | £1,584,661 | Building Size | 29,172 SF |
| Price Per Room | £31,693 | No. Rooms | 50 |
| Sale Type | Investment | Number of Floors | 2 |
| Property Type | Hospitality | Year Built | 2000 |
| Property Subtype | Hotel | Parking Ratio | 2.13/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 1.98 AC |
| Price | £1,584,661 |
| Price Per Room | £31,693 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.98 AC |
| Building Size | 29,172 SF |
| No. Rooms | 50 |
| Number of Floors | 2 |
| Year Built | 2000 |
| Parking Ratio | 2.13/1,000 SF |
| Corridor | Interior |
Amenities
- Fitness Centre
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wi-Fi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 19 | £76.86 | - |
| Guest Room | 31 | £58.63 | - |
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PROPERTY TAXES
| Parcel Number | 33841 | Improvements Assessment | £759,940 |
| Land Assessment | £17,249 | Total Assessment | £777,189 |
PROPERTY TAXES
Parcel Number
33841
Land Assessment
£17,249
Improvements Assessment
£759,940
Total Assessment
£777,189
zoning
| Zoning Code | C |
| C |
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The Regal Hotel | 2313 SE Loop
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