727 S 11th St - Hospitality FOR SALE


Port Aransas, TX 78373
$9,000,000 USD
281-684-5653
727 S 11th St, Port Aransas, TX for Sale
$9,000,000 USD
Hospitality - FOR SALE
1/19
null | Request Cap Rate

727 S 11th St
Port Aransas, TX 78373


HIGHLIGHTS

  • Stable Performance with Upside Potential: The hotel has consistently generated strong rooms revenue, averaging $2,397,551 over the past five years.
  • This strong rooms revenue average showcases resilience even during challenging periods like the COVID-19 pandemic.
  • There is significant potential to optimize operations, such as reducing the 2024 payroll costs to a more cost-effective range.
  • High-Barriers-to-Entry Market: The construction of only three new hotels since 2006 has alleviated concerns about competition.
  • The property is conveniently situated right off of Avenue G, less than one-half mile from the beach and near many other key attractions.
  • Upon approval from the franchisor & completion of the change-of-ownership PIP, an investor can expect a new, 15-yr license agreement with IHG.

OVERVIEW

For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=152087 HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 74-key Holiday Inn Express & Suites Port Aransas/Beach Area, a limited-service hotel asset in Port Aransas, Texas. The property benefits from its prime location in Port Aransas, near a multitude of leisure and corporate demand generators.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/SF

$190 USD /SF

# OF ROOMS

74

PRICE/ROOM

$121,622 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites Port Aransas

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2005

PARKING SPACES

74

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

73,181 SF

ZONING

C-2

APN/PARCEL ID

200113012,4460-0000-0420

ASK ABOUT THIS PROPERTY

281-684-5653

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281-684-5653

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