Eagle Ford hotels not sitting idle in changing marketEagle Ford hotels not sitting idle in changing markethttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=4692015-07-07T07:16:00Z2015-07-07T00:00:00Z

SOUTH TEXAS - Crude oil prices are trading at six-year lows, but hotels in the Eagle Ford shale are not sitting idle.

A review of hotel occupancy tax records from the Texas Comptroller’s Office reveals that many hotels in the oil-producing region are still doing well.

Eagle Ford Consortium Chairman Leodoro Martinez said new drilling activity is down, but oil companies still need hotel rooms for workers laboring in the fields that are still in production.

“Although the number of rigs has dropped, a lot of the companies still have commitments,” Martinez said.

The chart below reveals the top ten hotels in the Eagle Ford shale based on first quarter 2015 total room receipts.

Top Ten Eagle Ford Shale Hotels
Hotel City Rooms 1Q 2015 Total
Room Receipts
InstaLodge Hotel & Suites Cotulla 232 $1,183,777.74
Mesquite Lodge Tilden 150 $1,176,773.82
Hampton Inn Kenedy 96 $1,048,183.45
Russell & Stott Three Rivers 72 $910,413.20
Target Logistics Carrizo
Springs Lodge
Carrizo Springs 302 $864,100.00
Cotulla Village Cotulla 135 $777,470.04
La Villita Apartments Carrizo Springs 99 $756,703.11
Remote Lodging & Logistics Carrizo Springs 256 $660,154.11
Holiday Inn Express Cotulla 79 $655,437.31
Holiday Inn Express Jourdanton 70 $629,573.21

Read more at the San Antonio Business Journal.

San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/print-edition/2015/06/26/eagle-ford-hotels-are-not-sitting-idle-in-changing.htmlRead more at {Source}

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