7400 N. IH-35, Austin, TX, 78752 - Available for Sale

Hotel & Motel For Sale

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COUNTRY INN & SUITES-AUSTIN TX

7400 N. IH-35, Austin, TX 78752

$5,300,000

75 Rooms | Hotel & Motel

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Hotel / Motel For Sale Get Financing

Price:
$5,300,000
No. Rooms:
75
Building Size:
44,000 SF
Price/Room:
$70,666.67
Property Type:
Hotel & Motel
Property Sub-type:
Economy/ Limited Service
Property Use Type:
Investment
Cap Rate:
10%
Average Daily Rate:
$88
RevPAR:
$47
Average Occupancy:
54%
No. Stories:
3
Year Built:
2002
Corridor:
Interior
Lot Size:
1.75 AC
Parking Ratio:
1.25 / 1,000 SF
Listing ID
18345194
Last Updated
5 days ago

Find Out More...

Utilities

Highlights

  • LOCATED IN BOOMING AUSTIN TX; EXTREMELY STRONG ECONOMY
  • UPSIDE POTENTIAL BECAUSE HOTEL IS UNDER-MANAGED ABSENTEE OWNER & BELOW COMP SET
  • AUSTIN HOTEL MARKET IS ONE OF THE BEST IN THE COUNTRY
  • IH-35 LOCATION BETWEEN US HWY 183 AND US HWY 290
  • 3 MILES TO MAJOR DEMAND GENERATORS: UNIV. OF TEXAS, STATE CAPITOL, BOOMING DOWNTOWN
  • CLOSE TO HUGE NEW AUSTIN COMMUNITY COLLEGE MAIN CAMPUS UNDER CONSTRUCTION (FORMERLY HIGHLAND MALL)

Description

75 ROOMS; 3 STORY INTERIOR CORRIDOR BLDG. BUILT IN 2002. SEVERAL LARGE 2 ROOM SUITES. BREAKFAST ROOM, MEETING ROOM, GUEST AND COMMERCIAL LAUNDRY, FITNESS ROOM. HOTEL IS OPERATING UNDER ITS COMP SET, AND THE AUSTIN MARKET. GREAT VALUE ADDED DEAL.

IH-35 NORTH IN BOOMING AUSTIN TEXAS. IH-35 SOUTHBOUND FRONTAGE ROAD BETWEEN US HWY. 183 AND US HWY 290. WEST SIDE ACCESS ROAD. 3 MILES NORTH OF UNIV. OF TEXAS, STATE CAPITOL, AND BOOMING DOWNTOWN. AUSTIN ECONOMY IS ON FIRE. HOTTER THAN ON FIRE. RAPIDLY GROWING AREA. JOBS!!!! EXCELLENT HOTEL MARKET AND REAL ESTATE MARKET. EXCELLENT JOB MARKET FOR UPPER LEVEL JOBS.

Financial Summary

Room Mix Information

Debt & Equity Information

  • Proforma
  • 2014
  • $1,500,000
  • $960,000
  • $540,000

Map of 7400 N. IH-35, Austin, TX 78752 (Travis County)

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Jay Weir

Hotel Real Estate and Loan Broker since 1980

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Created 9/6/2013
COUNTRY INN & SUITES-AUSTIN TX
  • Hotel & Motel
  • $5,300,000
  • 75 Rooms
  • 44,000 SF