2313 SE Loop Carthage, TX 75633
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Property Features for 2313 SE Loop
General Information
- Property type
- Hotels
- Square Feet
- 60,265 SF
- Price / Square Foot
- $33
- Class
- C
- Elevators
- N/A
Building Details
- Year Built/Renovated
- 2000/2024
- Buildings
- 1
- Stories
- 2
- Units
- 50
Overview
Renovated 50-Unit Hotel Investment
The Regal Hotel in Carthage, Texas, presents an investment opportunity with 50 units. Recent renovations completed in June 2024, involved $125,000 in capital expenditures, upgrading flooring, plumbing, furniture, and televisions. The property features an interior corridor design and includes a separate three-bedroom, two-bathroom dwelling suitable for management or owner occupancy. Situated in a prime location with convenient access to major highways (59, 79, 149, and 315), the hotel benefits from its proximity to local attractions, business centers, and the energy sector. Carthage, known as the "Gas Capital of the United States," offers a robust economy driven by healthcare, retail, and the oil and gas industry. The hotel's location is enhanced by its proximity to Lake Murvaul and the Texas Country Music Hall of Fame. As of August 2024, key performance indicators include an occupancy rate of 45.64%, an average daily rate (ADR) of $71.49, and a revenue per available room (RevPAR) of $34.64. The property's exterior is well-maintained. The total building size is 60,265 square feet.
HighLights
- Recently renovated 50‑unit hotel in Carthage, TX.
- Prime location near major highways for easy access.
- Booming local economy fueled by oil and gas industry.
Property Profile
Location Intelligence
Current Use by Public Records
The Regal Hotel
Hotel & Motel
Location Insight
- City
- Carthage
- State
- Texas
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FAQs
What type of property is this?
Hotel - 50-unit hotel, renovated 2024. High growth market.
Where is this hotel located?
The property is located at 2313 SE Loop Carthage, TX.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Recently renovated 50-unit hotel in Carthage, TX.; Prime location near major highways for easy access.; Booming local economy fueled by oil and gas industry.
