92-Room Residence Inn San Angelo Offered for Acquisition in Key Texas Market

The Residence Inn San Angelo, located in San Angelo, Texas, is now available for purchase. CBRE Hotels is soliciting offers to acquire the fee-simple interest in the property. The hotel is positioned near U.S. Highway 67 and Sherwood Way, providing access to key locations including Goodfellow Air Force Base, Shannon Medical Center, Angelo State University, Fort Concho, and Lake Nasworthy. The property consists of 92 rooms and serves both corporate and leisure travelers.

Location and Accessibility

The hotel is situated along Southwest Boulevard, near major transportation routes, including U.S. Highway 67. Its proximity to Goodfellow Air Force Base, which contributed $3.1 billion to the Texas economy in 2023, places the property near a major driver of visitation and employment. Additional nearby institutions include Shannon Medical Center and Angelo State University. The property is also close to local attractions such as Fort Concho, the International Waterlily Collection, and Lake Nasworthy. Downtown San Angelo is approximately four miles from the hotel.

Operational Performance

The Residence Inn San Angelo has maintained a leading position in its market segment. Between 2021 and 2025, the property achieved an average RevPAR index of over 124% compared to its competitive set. The hotel has delivered consistent cash flow and steady RevPAR performance. The property is currently institutionally owned and managed.

Investment and Management Details

The hotel is being offered unencumbered by management, allowing new ownership operational flexibility. There is potential for value-add through improved asset management and operational efficiencies. The property’s location and performance history present opportunities to drive rates and further optimize performance in the market. Upon completion of a change-of-ownership property improvement plan (PIP), new owners may benefit from the association with the Marriott brand and its global loyalty program.

Market and Economic Context

San Angelo serves as the economic hub of the Concho Valley and is supported by a diverse base of demand drivers. Goodfellow Air Force Base is a major source of year-round visitation and employment. Other key institutions include Shannon Medical Center and Angelo State University. The city’s central location along major regional highways, affordable cost structure, and growing presence in manufacturing and logistics contribute to a stable hotel investment environment. The market is characterized by consistent, needs-based demand and limited volatility, making it suitable for extended-stay lodging assets such as the Residence Inn.

Summary

The Residence Inn San Angelo, with 92 rooms, is being offered for sale and is located near significant demand generators in San Angelo, Texas. The property has demonstrated strong operational performance and is positioned in a stable economic market. The offering includes management flexibility and potential for operational improvements, targeting investors seeking opportunities in the extended-stay hotel sector.

Inquire at CBRE.