Renovated 50-Unit Hotel
2313 SE Loop Carthage, TX 75633
2313 SE Loop, Carthage, TX, 75633
$2,000,000
For Sale
$2,000,000
Regal Hotel – Carthage, TX
Property Size60,265 SF
Price / SF$33.19
Days on Market539
Property Features for 2313 SE Loop
General Information
- Standard status
- Active
- Property type
- Hotels, Other hospitality properties, Other residential income properties, Hospitality properties, Residential income properties
- Size
- 60,265 SF
- Class
- C
- Elevators
- N/A
Building Details
- Year Built
- 2000
- Year Renovated
- 2024
- Buildings
- 1
- Stories
- 2
- Units
- 50
Listing Office
(806) 584-1454
Listed by
Devesh “devo”
(806) 584-1454
Added: Jan 28, 2025 Updated: Mar 16 at 9:06 am
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 50 modernized room
- Interior corridor
- Opportunity to franchise
Property Analytics
Location Intelligence
Current Use by Public Records
The Regal Hotel
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Hotel - Regal Hotel – Carthage, TX
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: 50 modernized room; Interior corridor; Opportunity to franchise
