441 Rio Concho Dr San Angelo, TX 76903-5527

This fee-simple, dual-branded Clarion and Suburban Studios hotel presents a compelling value-add investment opportunity in San Angelo, Texas. Boasting 148 keys (94 Clarion rooms and 54 Suburban Studios), this six-story property sits on 5.37 acres and enjoys a prime location directly connected to the San Angelo Convention Center via a private pathway. Built in 1985 and extensively renovated between 2022 and 2023 with over $3 million in upgrades (including a new roof, boilers, sprinkler system, and more), the hotel offers significant upside potential. The property features an indoor pool, meeting spaces, and a leased on-site restaurant. Currently operating at 68% occupancy as of August 31, 2024, this hotel benefits from proximity to Goodfellow Air Force Base, ensuring consistent demand. The 136,587 square foot property is managed by absentee owners, presenting an opportunity for an owner-operator to enhance management and profitability. This is a rare chance to acquire a well-positioned, recently renovated hotel in a growing Texas market.