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Thunderbird Hotel 600 W San Antonio St 24 Room Hotel Marfa, TX 79843 $7,476,300 CAD ($311,513 CAD/Room)
INVESTMENT HIGHLIGHTS
- Seller Financing Available
- ** 25% State tax credits & 20% Federal tax credits available on all Qualified Rehab expenses (hard costs, soft costs, etc.)
- Walking Distance to Art Galleries, Shops, Restaurants
- Surplus Commercial property
- On-site Management Team
- Nearby Attractions...Marfa Lights, Davis Mountains, McDonald Observatory & Big Bend
EXECUTIVE SUMMARY
Here’s your opportunity to own the iconic Thunderbird Hotel located in Marfa, TX. A classic midcentury roadside hotel and walking distance to a plethora of art galleries, shops and restaurants. This contemporary boutique hotel was re-envisioned by Lake/Flato Architects.
*** Seller Financing Available -- $3.5M equity down with $2M Interest Only for 12 months with 30-year amortization.
** 25% State tax credits & 20% Federal tax credits available on all Qualified Rehab expenses (hard costs, soft costs, etc.).
*** Seller Financing Available -- $3.5M equity down with $2M Interest Only for 12 months with 30-year amortization.
** 25% State tax credits & 20% Federal tax credits available on all Qualified Rehab expenses (hard costs, soft costs, etc.).
PROPERTY FACTS
| Price | $7,476,300 CAD | Lot Size | 2.04 AC |
| Price Per Room | $311,513 CAD | Building Size | 24,503 SF |
| Sale Type | Investment | No. Rooms | 24 |
| Sale Condition | Bulk/Portfolio Sale | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1959/2005 |
| Property Subtype | Hotel | Parking Ratio | 1.2/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Zoning | CM | ||
| Price | $7,476,300 CAD |
| Price Per Room | $311,513 CAD |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.04 AC |
| Building Size | 24,503 SF |
| No. Rooms | 24 |
| No. Stories | 2 |
| Year Built/Renovated | 1959/2005 |
| Parking Ratio | 1.2/1,000 SF |
| Corridor | Exterior |
| Zoning | CM |
AMENITIES
- Pool
- High Speed Internet Access
- Patio
- Boutique/Lifestyle Hotel
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $401.51 CAD | - |
| Guest Room | 22 | $247.83 CAD | - |
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PROPERTY TAXES
| Parcel Number | 10999 | Improvements Assessment | $1,532,540 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,532,540 CAD |
PROPERTY TAXES
Parcel Number
10999
Land Assessment
$0 CAD
Improvements Assessment
$1,532,540 CAD
Total Assessment
$1,532,540 CAD
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Thunderbird Hotel | 600 W San Antonio St
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