Own a renovated, cash-flowing Texas hotel for about $130k down. Fully renovated 20-unit independent hotel (19 rooms + owner's residence) at 110 S Main St, Dilley, TX 78017, on the I-35 corridor about an hour from San Antonio. Trailing-twelve revenue of about $159,000 with NOI of about $69,000 (Sep 2025Aug 2026 from the owner P&L). Cap rate at the $650,000 ask is about 10.6% on that T12 NOI. Last six months (MarAug 2026): about $92,000 revenue and $47,000 NOI.
This is a small hotel a first-time owner can actually buy and actually underwrite. At $650,000, an SBA-style structure at roughly 20% down (about $130,000) is the framing we're using with lenders. Any loan is subject to underwriting and a current appraisal. We can introduce qualified buyers to hospitality lenders who have reviewed this profile. Seller financing is not offered.
A February 2024 appraisal valued the property at $860,000 as a stabilized as-if-completed going concern. The renovation contemplated in that report is complete. You're buying about 24% below that dated number. That appraisal is not a substitute for a buyer's new appraisal.
What you get: the real estate and the operating business, including a main building and a smaller building, owner's residence, large parking lot, exterior signage, interior corridor, marble-floor lobby, large laundry room, brand-new commercial water heater, extra storage, and all furniture / FF&E. Also transfers: website and domain, branding and logo, professional real estate photos, 3D tour, Facebook following, Cloudbeds property management system, smart locks with wifi, security cameras, Google Business Profile, OTA / channel setup, and the Google reviews / reputation (about 4.8; BusinessRate named it Best Extended Stay Hotel in Dilley for 2026, based on Google reviews). No franchise: no flag fees, no brand PIP bills. Live in the owner's residence or house your operator. Demand sits on the interstate.
Extra upside: original town hotel (~100 years; railroad stop between Laredo and San Antonio; local lore includes Bonnie and Clyde), fully restored and still used as a hotel. CO allows leasing (1 unit leased now, up to 7 before); HUD / Section 8 work has started. Nearby pipeline construction is expected to add worker housing demand.
Full financial package (monthly P&L, appraisal, renovation docs, CO) available under confidentiality agreement. More detail at https://hoteldilley.com/buy.
Seller is a licensed Texas real estate agent (TREC 838374) selling his own property. Buyer-broker co-op contemplated at 2–3%.
Call or text Matt at (737) 367-2371.
Owner/seller is a Texas real estate license holder (TREC 838374). All financials are owner-provided from the P&L through August 2026. Financing descriptions are subject to underwriting and appraisal. No projections. Information believed accurate but not warranted; buyer to verify.
Matthew Barge
Prestige Rental