Renovated 50-Unit Hotel
For Sale
$2,000,000
2313 SE Loop, Carthage, TX 75633
Regal Hotel – Carthage, TX
Property Size60,265 SF
Price / SF$33.19
Days on Market584
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
Listed By:
Devesh “devo” Ragha
(806) 584-1454
Added: Jan 28, 2025
Changed: Mar 16
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Explore this area
Business Placement
Demographics for 75633, TX
13,558
Population
6,399
Households
2.1
Avg Household Size
42
Median Age
20%
College-Educated
85%
High-School Grad
324.7 sq mi
ZIP Area
42
Density / Sq Mi
$63,960
Median Household Income
$42,327
Median Earnings
$774
Median Rent
$150,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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
