1911 Wall St Weatherford, TX 76086-6259
- Motels
- 30,038 SF
- 0.93 lot acres
Current Use by Public Records
- Hollow Hill event center / Hotel
- Clarion Inn & Suites Weatherford South / Hotel
Property Details for 1911 Wall St
- Year built
- 2006
- Lot size
- 0.93 lot acres
- Property size
- 30,038 SF
- Property type
- Motels
- APN
- 17580-004-003-00
- APU
- 1758000400300
Description
This exceptional 50-key Clarion Inn & Suites hotel in Weatherford, Texas, presents a lucrative investment opportunity. Boasting 21,824 square feet across three stories, this interior corridor property underwent a complete renovation in 2023 and features an indoor pool. A 2021 Property Improvement Plan (PIP) included a new roof. The hotel's on-site restaurant and bar contribute approximately $100,000 in annual revenue. Financial performance is strong, with the 2023 Revenue Per Available Room (RevPAR) exceeding the competitive set following the PIP completion. The property's Gross Rent Multiplier (GRM) reflects this success, with a 4.09 GRM in 2022 and a 4.41 GRM in 2023. Situated on a 0.93-acre lot (APN R000025899) in a high-traffic area of South Weatherford, the hotel benefits from its proximity to a major North Texas healthcare provider and is conveniently located approximately one hour from Dallas Fort Worth International Airport. The property is zoned Commercial and was originally built in 2007. This turnkey operation offers significant potential for continued growth and strong returns. The property's prime location and recent upgrades make it an attractive investment for discerning buyers.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $825,000
-
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $1,265,000
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Location Insight
- Map
- Local Demand
- City
- Weatherford
- County
- Parker
- State
- Texas
- Longitude
- -97.7902
- Latitude
- 32.733
- CBSA code
- 19100
- CBSA name
- DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA