CANDLEWOOD SUITES FLORESVILLE

New Development to Design & Build a 120 rooms Candlewood Suites Hotel in Floresville, TX

Floresville is located 30 miles SW from San Antonio, TX.  It is an emerging market that keeps growing thanks to a robust local economy sponsored by Connally Memorial Medical Center.

The Candlewood Suites Hotel will be appealing to patients, providers and vendors to Connally Memorial Medical Center by offering an extended stay service with a kitchenette and  both weekly/monthly room rates.

New Candlewood Suites Hotel 120 rooms to be built on a 2.0 acres lot.

1.  Turn-Key Investment $18,000,000.00

2. Projected Gross Profit for 2028 $1,815,771.00

2. CAP Rate 10.09% Minimum

3. RevPar $76.68 at 71.0% Occupancy