IHG Garner Conversion Hotel | 2019 Water St
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IHG Garner Conversion Hotel 2019 Water St
53 Room Hotel Gonzales, TX 78629 $6,075,300 CAD ($114,628 CAD/Room)
INVESTMENT HIGHLIGHTS
- Fee Simple Interest in the 53-Unit, Three-Story, Limited-Service Sonesta Essentials Hotel
- Absentee, Out-of-City Owner | Ideal Opportunity for Local Operator with Dedicated Sales & Management Efforts
- Strategic Location Near Notable Demand Generators Including Oil & Gas, Agriculture, Manufacturing, and Tourism Clients
- Recently Converted to Sonesta Essential in March 2024 - Minimal PIP Expected for New Buyer
- Ideal 1031 Exchange Up-leg Property for Owner-Operator
- Assumable Loan Lending Options Available for Qualified Investors with 20% Down Payment
EXECUTIVE SUMMARY
Singh Commercial Group at KW Commercial is excited to present a prime hospitality investment opportunity in Gonzales, Texas. This well-maintained hotel, built in 2013, is undergoing a conversion to IHG's Garner Hotels brand, with completion anticipated in February 2025.
- KEY FEATURES-
Property Details:
53 spacious guest rooms
Three-story construction on a 1.32-acre lot
Modern amenities paired with classic comforts
Brand Conversion: The hotel's transition to IHG's Garner Hotels brand offers investors the advantage of a newly rebranded and recognized flag.
PROJECTED PERFORMANCE:
Revenue projections: $1.1M–$1.2M in 2025
Enhanced market activity driven by a resurgence in the oil and gas sector, creating a steady demand generator
Market Outlook: President-elect Donald Trump has emphasized a commitment to revitalizing the oil and gas industry, advocating for increased domestic production. This policy direction is expected to stimulate economic growth in regions like Gonzales, Texas, bolstering demand for hospitality services.
Financing Flexibility: The seller is offering financing for 12–18 months, providing the buyer sufficient time to establish operating history and refinance under favorable terms.
Contact Singh Commercial Group today for more details and to schedule a property tour!
- KEY FEATURES-
Property Details:
53 spacious guest rooms
Three-story construction on a 1.32-acre lot
Modern amenities paired with classic comforts
Brand Conversion: The hotel's transition to IHG's Garner Hotels brand offers investors the advantage of a newly rebranded and recognized flag.
PROJECTED PERFORMANCE:
Revenue projections: $1.1M–$1.2M in 2025
Enhanced market activity driven by a resurgence in the oil and gas sector, creating a steady demand generator
Market Outlook: President-elect Donald Trump has emphasized a commitment to revitalizing the oil and gas industry, advocating for increased domestic production. This policy direction is expected to stimulate economic growth in regions like Gonzales, Texas, bolstering demand for hospitality services.
Financing Flexibility: The seller is offering financing for 12–18 months, providing the buyer sufficient time to establish operating history and refinance under favorable terms.
Contact Singh Commercial Group today for more details and to schedule a property tour!
PROPERTY FACTS
| Price | $6,075,300 CAD | Building Size | 24,678 SF |
| Price Per Room | $114,628 CAD | No. Rooms | 53 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 2013/2025 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 3.28/1,000 SF |
| Lot Size | 1.32 AC | Corridor | Interior |
| Price | $6,075,300 CAD |
| Price Per Room | $114,628 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.32 AC |
| Building Size | 24,678 SF |
| No. Rooms | 53 |
| No. Stories | 3 |
| Year Built/Renovated | 2013/2025 |
| Tenancy | Single |
| Parking Ratio | 3.28/1,000 SF |
| Corridor | Interior |
AMENITIES
- Business Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $147.54 CAD | - |
| Guest Room | 51 | $130.18 CAD | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,640,736 CAD | |
| Land Assessment | $378,187 CAD | Total Assessment | $2,018,923 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$378,187 CAD
Improvements Assessment
$1,640,736 CAD
Total Assessment
$2,018,923 CAD
ZONING
| Zoning Code | F1 |
| F1 |
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IHG Garner Conversion Hotel | 2019 Water St
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