Baymont by Wyndham Del Rio 3616 Veterans Blvd

MAJOR PRICE IMPROVEMENT! MOTIVATED ABSENTEE SELLER. SELLER WILL CONSIDER ALL OFFERS!
Upcoming Border Boom is happening. Capitalize on market demand & traffic.
Marcus & Millichap's Hospitality Division proudly presents the Baymont by Wyndham Del Rio (‘Hotel’ or ‘Property’) for sale to qualified investors as the exclusive representative of the seller. Located at 3616 Veterans Boulevard, Del Rio, Texas, this Wyndham Hotels & Resorts-branded hotel is offered at $2,950,000 or $49,167 per key.. For more information, please contact the listing agent.
The hotel features various common area amenities, including an outdoor pool, free breakfast, ample parking for buses, trucks, and recreational vehicles, and a high floor efficiency design to maximize revenue-generating space. The property underwent substantial renovations in recent months, encompassing a complete redesign of the lobby and back of house, upgrades to furniture, interior paint, hallway carpeting, room flooring, light fixtures, roof work, parking lighting, as well as enhancements to the lobby and kitchen areas. This resulted in the hotel virtually being shut down for two months of 2024, which may be reflected in hotel data.
Del Rio, Texas, located across the Rio Grande from Ciudad Acuña, Mexico, is experiencing robust economic growth driven by multiple factors. The city has been designated a crucial hub in America’s trade strategy with Mexico through the "Port-to-Plains" corridor, a major federal highway expansion initiative. This project is expected to enhance trade routes significantly, providing substantial economic benefits both during its construction phase and in the long term. Del Rio also benefits from a thriving manufacturing sector, particularly in Ciudad Acuña, where major companies such as General Motors and Bendix operate, fostering extensive business travel and economic interdependence across the border.
Moreover, Del Rio benefits from its strategic location on the US-Mexico border, which enhances its economic prospects amid ongoing border dynamics. The city's hotels also benefit from a continuous influx of law enforcement personnel to all border towns in Texas, driven by socio-political and economic conditions in Latin America and an unprecedented migration crisis at the US Border. This ongoing demand ensures a steady stream of guests requiring accommodation, further supporting the local hospitality sector. Together, these elements position Del Rio as a dynamic center of commerce, culture, and opportunity in the Southwestern United States.
Culturally, Del Rio celebrates its diverse heritage through events like the Fiesta de Amistad, an annual celebration that highlights its vibrant bilingual community and fosters cultural exchanges with Ciudad Acuña. Outdoor enthusiasts flock to the nearby Lake Amistad National Recreation Area, renowned globally for its exceptional bass fishing and a variety of recreational activities, contributing significantly to local tourism and economic diversification. Once ranked by ESPN as the best bass fishing lake in the world, Lake Amistad hosts numerous bass tournaments each year, drawing tourists seeking a premier fishing experience. Additionally, the presence of Laughlin Air Force Base, the largest pilot training base in the US Air Force, further reinforces Del Rio's economy by providing another source of demand and market stability and supporting a wide array of local services.
The property has recently undergone significant renovations and capital improvements, a fresh brand conversion, and is absentee-owned and operated, giving a potential investor an immediate competitive advantage leading to higher cash flow and higher returns on investment.