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Former Econo Lodge Junction 111 Martinez St 47 Room Hotel Junction, TX 76849 $794,938 CAD ($16,914 CAD/Room)
INVESTMENT HIGHLIGHTS
- This bank-owned/REO property offers significant upside with the ability to redevelop, renovate, and/or reposition the hotel.
- The hotel was closed in September 2024, and the property has since remained vacant, presenting a new investor with a clean slate.
- The property includes four EV charging stations, which historically generated approximately $5,000 (rounded) in annual revenue.
- The asset is priced well below replacement cost, at $12,200 per key.
- As a non-operating hotel with no current franchise affiliation, an investor would be able to newly brand or operate the hotel independently.
- With a manageable 47-room footprint, the hotel would be ideal for a hands-on owner/operator or a first-time investor seeking lower overhead.
EXECUTIVE SUMMARY
For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=154543
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 47-key former Econo Lodge Junction, a bank-owned (REO) hotel asset in Junction, Texas.
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 47-key former Econo Lodge Junction, a bank-owned (REO) hotel asset in Junction, Texas.
PROPERTY FACTS
| Price | $794,938 CAD | Lot Size | 5.65 AC |
| Price Per Room | $16,914 CAD | Building Size | 57,015 SF |
| Sale Type | Investment | No. Rooms | 47 |
| Sale Condition | REO Sale | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1990/2011 |
| Property Subtype | Hotel | Parking Ratio | 1.3/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | C - Hospitality | ||
| Price | $794,938 CAD |
| Price Per Room | $16,914 CAD |
| Sale Type | Investment |
| Sale Condition | REO Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 5.65 AC |
| Building Size | 57,015 SF |
| No. Rooms | 47 |
| No. Stories | 3 |
| Year Built/Renovated | 1990/2011 |
| Parking Ratio | 1.3/1,000 SF |
| Corridor | Exterior |
| Zoning | C - Hospitality |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 47 | $82.95 CAD | - |
PROPERTY TAXES
| Parcel Number | 13721 | Improvements Assessment | $270,127 CAD |
| Land Assessment | $416,725 CAD | Total Assessment | $686,852 CAD |
PROPERTY TAXES
Parcel Number
13721
Land Assessment
$416,725 CAD
Improvements Assessment
$270,127 CAD
Total Assessment
$686,852 CAD
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Former Econo Lodge Junction | 111 Martinez St
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