7619 N Interstate 35 - Hospitality FOR SALE


Austin, TX 78752
$11,000,000 USD
661-978-3109
7619 N Interstate 35, Austin, TX for Sale
$11,000,000 USD
Hospitality - FOR SALE
1/14
null | 6.81% Cap Rate

7619 N Interstate 35
Austin, TX 78752


HIGHLIGHTS

  • HOT AUSTIN LOCATION 5 minutes to Downtown on Intersection of I-35 & Hwy. 183
  • Hampton Inn’s are the #1 Sought After Brand.
  • Underperforming due to PIP & Management! Tremendous Upside After Completion of PIP.
  • Ranked 5 of 7 on ADR when Hampton Should be Market leader. (due to PIP).
  • Historical Revenue average $3,500,000 current Revenue $2,900,000.
  • Motivated Seller bring all offers.

OVERVIEW

Attractive Pricing: Priced at $11M ($90,909 per room before PIP; $99,174 per room after an estimated $1M PIP), significantly below Austin's market average of $160K–$180K per key. Prime Location & Strong Brand: Located in a high-growth market, the Hampton Inn, ranked as the #1 hospitality brand, offers a 60% reservation contribution, driving occupancy and guest loyalty. Operational Turnaround: Under new ownership since August 2022, improved expense control, revenue optimization, and sales management have boosted profitability and revenue, which is currently $2.9M even before PIP completion. Market Potential: The hotel ranks 3rd in occupancy (66.1%) but 5th in ADR ($98.23), leaving substantial room for ADR growth post-renovations compared to the competitive set’s ADR of $115. Franchise Flexibility & PIP: A partial $1M Forever Young PIP is required, with Hilton offering opportunities for a 15-year Spark Hotel conversion or continued branding beyond the current franchise term ending in 2030. Motivated Seller: The developer-owner seeks to sell to free up capital for other projects, making this a compelling investment opportunity.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$206 USD /SF

# OF ROOMS

121

PRICE/ROOM

$90,909 {currency}

CAP RATE

6.81%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hampton Inn Austin-North @ I-35 & Hwy 183

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1986

PARKING SPACES

113

LAND DETAILS

LAND ACRES

2.83 AC

LAND SF

123,275 SF

ZONING

CS-MU-NP

APN/PARCEL ID

02321601170000

ASK ABOUT THIS PROPERTY

Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

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Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.