Units
147
Year Built
1974/R 2022
Leasable Area
242,062 SF
Property Type
Hospitality
LEAD LISTING AGENT
Mitchell Glasson
Associate Vice President
Email
[email protected]
License No.
02016029 (CA)
Direct
+1 (949) 432-4502
Mobile
+1 (707) 364-5650
INVESTMENT HIGHLIGHTS
- 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.
- 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.
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).
Broker of Record
- Patrick Graham
- License No. 9005919 (TX)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225