Rodeway Inn Note For
2502 Loop 306, San Angelo, TX 76904
Non-performing note secured by a 100-room hotel in Texas.
Type:Hospitality
Property size:
50,688 SF- Added:
- Nov 21, 2025
- Days on Market:
- 181
- Last Refresh:
- Apr 5 at 8:57 pm
Property Features for 2502 Loop 306
General Information
- Standard status
- Active
- Size
- 50,688 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 1986
Listing agent Jeff Azuse (847) 418-2703
Listing office (847) 418-2703
Listing date Nov 21, 2025
Source Hilcorealestatesales
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Jeff Azuse
HighLights
- Opportunity to acquire a non‑performing note on a 100‑room Rodeway Inn in San Angelo, Texas.
- Hotel includes leased restaurant and lounge outlets generating additional income.
- Foreclosure process has been initiated.
- Recently renovated with new case goods, carpet, vanity counter tops, flat panel televisions, and new lighting packages in all guest rooms.
- Convenient location near Angelo State University, San Angelo Community Medical Center, Sunset Mall, Goodfellow Air Force Base, and Mathis Field Airport.
- Bank financing available with 15% down for qualified buyers.
Overview
The Bank Note on the 100-room Rodeway Inn in San Angelo, Texas, is available for acquisition. This offering involves the sale of a non-performing note. The hotel features leased restaurant and lounge outlets that generate additional income. The note, with a par value of $3,965,000, matures on 5/28/2019. As of the week of 1/7/19, a foreclosure process has been initiated, and an acceleration letter was mailed. The principal balance is $3,720,833.51, plus accrued interest; the 10/28/2018 payment is 74 days past due. The Rodeway Inn San Angelo is an economy hotel with 100 exterior corridor units, located off Loop 306. It provides convenient access to Angelo State University, San Angelo Community Medical Center, Sunset Mall, and Goodfellow Air Force Base. The property is less than seven miles from Mathis Field Airport and minutes from downtown San Angelo and the historic district. Constructed in 1986, the hotel has been maintained in excellent condition and recently renovated to include new case goods, carpet, vanity counter tops, flat panel televisions, and new lighting packages in all guest rooms. The property size is 50688 square feet. The attached lounge and restaurant are leased to third parties, providing continuous rental income. Gross revenue for 2017 was $931,726. Bank financing is available with 15% down for qualified buyers.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Hotels
Location Insight
- Map
- Local Demand
- City
- San Angelo
- County
- Tom Green
- State
- Texas
- Longitude
- -100.374
- Latitude
- 31.4385
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FAQs
What type of property is this?
Hotel - Non-performing note secured by a 100-room hotel in Texas.
Where is this hotel located?
The property is located at 2502 Loop 306 San Angelo, TX.
What are key features of this property?
This property features: Opportunity to acquire a non‑performing note on a 100‑room Rodeway Inn in San Angelo, Texas.; Hotel includes leased restaurant and lounge outlets generating additional income.; Foreclosure process has been initiated.
