RAMADA BY WYNDHAM

INVESTMENT HIGHLIGHTS

• No PIP and Turn-Key: Recently completed PIP in 2022.
• Prime Location Near Demand Drivers: The Ramada Del Rio is strategically located near the Amistad Lake, Laughlin Airforce Base, Del Rio Civic Center, and various retail centers.
• Strong Brand Recognition: Ramada is a well-known and respected brand within the Wyndham Hotels & Resorts portfolio, attracting a loyal customer base. It has become a favored choice for both locals and travelers visiting Del Rio over the years.

New Project Developments:

• Amistad Dam remediation project is expected to bring an economic boost as it is estimated to bring a workforce of 300 plus that includes drill rig operators, concrete plant operators, grout plant operators, local trades, and labor.
• The North American Trade Agreement between Canada, the USA, and Mexico is driving a shift towards increased production in North America rather than China. This shift is expected to boost border travel and trade between Mexico and the USA, leading to a rise in visitors and economic activity in Del Rio.
• Potential for Operational Improvement: New ownership can improve the Hotel’s operations, implement strategic cost management, and maximize revenue strategies for increased profitability.
• Mitchell Glasson and Ryan Kawai Sanchez in conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code).

Potential Return of Commercial Flights at Del Rio International:

• Increased Connectivity: The potential return of commercial air service, as discussed in recent local news, could significantly enhance Del Rio’s connectivity, particularly with hubs like Dallas/Fort Worth. This could lead to: Increased Business Travel: Easier access might encourage more business visits, particularly for industries involved in border trade or related to the military base.
• Tourism Boost: Improved flight options could make Del Rio more accessible for tourists, possibly leading to a rise in visitors exploring the local attractions or attending festivals.
• Economic Growth: Enhanced air service could stimulate local economic activities, attracting more conventions, meetings, and events, thereby increasing hotel demand.
• Local Support and Initiatives: There’s active effort from the city to restore commercial flights, which includes applying for grants and engaging consultants like Volaire Aviation Consulting to secure airline service. This commitment suggests optimism about future growth in air travel demand, which would positively impact the hotel industry.