Springhill Suites San Angelo, TX

Listing Agents

Kami Burnette
T | 512.574.1786
kburnette@paramountlodging.com

Mason McDavid
T | 512.543.4653
mmcdavid@paramountlodging.com

Scott Griemsmann
T | 415.419.5765
scott@paramountlodging.com

Detailed Information
Property Highlights
  • Fee simple interest in the lender-owned and third party managed 96-room SpringHill Suites San Angelo, TX
  • Offered for sale traditionally with a Call for Offers date of Wednesday, October 20th
  • Property continues to outperform national occupancy with asset running approximately 77% occupancy over the trailing twelve months
  • Strong operational upside for prospective buyers with a focused local / regional strategy and market knowledge
  • Turn-key property with minimal PIP expectations since it was fully renovated in 2019 with a $1.6M ($17k/key) capital investment
  • Ideally situated proximate to Highway 67 – the primary commercial corridor for the region with over 44,000 vehicles passing the location daily
  • Proximate to local demand drivers including Angelo State University, San Angelo Regional Airport, Concho River Walk and Goodfellow Air Force Base
  • Optimal time to be investing in San Angelo – consistently ranked as one of the best small cities for business in the US from a variety of publications including Forbes ‘Best Small Cities for Jobs’, Kiplinger’s ‘Best Cities of the Next Decade’, and CNN Money ‘Best Cities to Launch a Small Business’
  • Migration trends continue to heavily favor Texas as residents are attracted to the quality of life and as businesses leaders seek the pro-business environment and lesser tax burden
Location