The Rex - Pocono Mountains

103 Tauschman RD,
Greentown, PA 18426

 

$2,280,000
Price
$257,764
NOI
11.31%
Cap Rate
$228,000
Price Per Key
10
Total Rooms
6,159
Building SF
$2,280,000
Price
$257,764
NOI
11.31%
Cap Rate
$228,000
Price Per Key
10
Total Rooms
6,159
Building SF

Property Features

  • Designed to offer unparalleled comfort and a modern outdoor aesthetic, each of the ten rooms is a masterpiece of unique size, layout, and design, promising guests an unforgettable experience with every stay.
  • The Rex was inspired to bring a nature-driven experience and foster community to Philadelphia and New York City urban-dwelling explorers and travelers alike. Brian and Joanna Linton wanted to create a new way to stay by providing direct access to the outdoors with the ability to hike, kayak, paddleboard, mountain bike, snowshoe, snowmobile, and cross-country ski all while providing modern accommodations with the utmost consideration and care.
  • The in-house software stack and personnel in place are extremely efficient and better incentivized to manage the property than traditional property management companies would be.
  • There is a small, onsite store providing another source of revenue and convenience items for guests. The innovative use of self-checkout features allow guests to purchase items when the need arises and provides another amenity that is easily managed!

Investment Opportunities

  • High ROI Potential: This prime Hospitality property at 103 Tauschman Rd offers an exceptional opportunity for savvy investors seeking a lucrative return on investment. With its strategic location and strong market demand, this property promises a high potential for impressive ROI growth. Don't miss out on this golden opportunity to maximize your investment returns in the thriving hospitality sector.
  • Turnkey Investment: This Hospitality property is a turnkey investment opportunity, ready for investors looking to capitalize on the booming hospitality industry. With its well-maintained facilities, modern amenities, and established customer base, this property offers a seamless transition for new owners to start generating income immediately. Invest with confidence in this hassle-free turnkey opportunity.
  • Growth Potential: The 103 Tauschman Rd Hospitality property not only offers immediate returns but also boasts significant growth potential in the long term. With the ongoing development and expansion in the surrounding area, this property is poised for appreciation in value, ensuring a profitable investment for discerning investors looking to secure their financial future.
  • Active Instagram following with 29.8k followers!

Benefits of an Online Travel Agency

  • Currently, The Rex only has direct booking. A savvy investor could move this property to an OTA to increase both annual occupancy (36%) and average ADR ($397).
  • Increased Visibility: OTAs can significantly increase a property's visibility among a broader audience. By listing on popular platforms such as Airbnb, Booking.com, Expedia, or VRBO, The Rex could capture the attention of travelers who might not have found the property through direct search.
  • Market Penetration: OTAs offer sophisticated market segmentation tools, allowing properties to target specific demographics, interests, and travel behaviors. This can help The Rex reach potential guests looking specifically for unique or experiential stays.
  • Dynamic Pricing Tools: Many OTAs offer dynamic pricing tools that adjust rates based on demand, competition, and other factors. This could help The Rex optimize its ADR throughout the year, potentially increasing revenue during peak periods and filling vacancies during slower times.
  • Reviews and Ratings: OTAs provide platforms for guest reviews and ratings, which can be a double-edged sword. Positive reviews can significantly boost bookings, while negative reviews can harm reputation. Therefore, it's crucial to manage guest experiences proactively.
  • Implementing a strategy that combines the broad reach and tools of OTAs with the personalized touch and cost savings of direct bookings could be the key to maximizing The Rex's occupancy and ADR. This approach requires careful planning, monitoring, and adjustment based on performance data and market trends.

After Thoughts

  • To the east of The Rex is a summer house that sees some weekend use. The owners purchased the property out of foreclosure several years ago and only visit occasionally throughout the year. To the west of The Rex is a property that started a renovation over a year and a half ago. More than six months ago, renovations stopped and the owners haven't been back. A savvy operator would pursue both of these properties and renovate them to the same level as The Rex. Doing so would also substantially increase the area bordering Promised Land State Park.
  • There is 1200sf barn with 30' ceilings on the property that is currently being underutilized. Possible uses could be a wedding venue, meeting hall, common space, or possibly a two story cabin that would have amazing views of Promised Land State Park.

Area attractions

  • The Rex is directly adjacent to Promised Land State Park. When you leave your room, you only need to walk a few steps before you’re on the Boundary Trail (kid and dog-friendly) which will lead you directly to one of the two lakes in the park. From there, spend an afternoon on the beach, kayak on the water, or hike the various miles of trails.
  • The Pocono Mountains contain the largest number of high-quality and exceptional-value streams and water systems in the Commonwealth of Pennsylvania.
  • The Delaware Water Gap National Recreation Area covers 40 miles of the Delaware River from north of Milford, PA to south of Delaware Water Gap, PA. Total acres are 70,000. The DWGNRA saw 4.3 million visitors in 2021, according to a study conducted by the National Parks Conservation Association. The Upper Delaware Scenic and Recreational River stretches 73.4 miles along the Pennsylvania and New York border. It includes riffles and Class I and II rapids between placid pools and eddies.
  • Six major ski areas all offering downhill skiing, snowboarding, and snow tubing: Big Boulder Ski Area, Blue Mountain Resort, Camelback Mountain Resort, Jack Frost Mountain, Shawnee Mountain Ski Area and Ski Big Bear at Masthope Mountain.
  • Abundant antique shops and one-ofa-kind boutiques located in quaint towns as well as Pocono Premium Outlets (home to more than 100 name-brand factory stores).
  • From family-friendly fairs to chic food and wine events, the region's year-round festivals provide memorable fun for everyone.
  • The Pocono Mountains contains the largest number of high-quality and exceptional-value streams and water systems in the Commonwealth of Pennsylvania.

Tourism Statistics

  • Travel spending exceeds $4.3 billion annually with $688M being spent on lodging
  • Annual visitor counts have increased from 27.9 million in 2018 to over 30 million in 2023.
  • Nearly 16% of the new visitors plan their trip to the Poconos solely on advice from relatives or friends. More than 30% of the travelers plan their journey a month or less out.
  • In Pennsylvania, the Pocono Region is the only region to surpass its 2019 pre-pandemic levels.
FOR MORE DETAILS CONTACT
Peter Meyer
President
(713) 320-9651
peter@gcbrokerage.com
9001219
David du Menil
Director - Texas
(254) 242-8129
David@TheIntrepidGroup.com
761631 - B