Motel 6/Studio 6 Corpus Christi North Hospitality FOR SALE


Corpus Christi, TX - Northwest Corpus Christi
$5,500,000 USD
281-684-5653
, Corpus Christi, TX for Sale
$5,500,000 USD
Hospitality - FOR SALE
1/17
null | Request Cap Rate

Motel 6/Studio 6 Corpus Christi North
Corpus Christi, TX
Northwest Corpus Christi


HIGHLIGHTS

  • Current ownership has recently invested in property upgrades and renovations over the last few years.
  • Renovations include the resurfacing of the parking lot, exterior work, and other capital projects.
  • This opportunity presents an investor with the ability to acquire the dual-branded property at a price well below replacement cost, at $40,145 per key
  • The asset is absentee owned, with higher-than-average expenses for a similar product.
  • A savvy owner could further increase net operating income (NOI) flow-through via proper expense management and/or on-property oversight.
  • The property is favorably located along and highly visible from Interstate 37 (I-37), offering easy access to multiple demand generators in the area.

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=151673 HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the dual-branded, 137-key Motel 6/Studio 6 Corpus Christi North, a limited-service, extended-stay hotel asset in Corpus Christi, Texas. The property is favorably located along and highly visible from Interstate 37 (I-37), offering easy access to multiple demand generators in the area and positioning it as an attractive option for business and leisure travelers visiting the region. PRICE REDUCTION: $5,500,000 Ownership is motivated to sell the property and has agreed to reduce the price to $5,500,000, or $40,145 per key (rounded). Please email afrosch@hvs.com for more details.

ASK ABOUT THIS PROPERTY

281-684-5653

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

281-684-5653

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