This Hotel & Motel Property is Off-Market.

7400 N. IH-35
Austin, TX 78752 ·

75 Rooms · Hotel & Motel For Sale

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COUNTRY INN & SUITES-AUSTIN TX SOLD

Price N/A Average Daily Rate $88
No. Rooms 75 RevPAR $47
Building Size 44,000 SF No. Stories 3
Property Type Hotel & Motel Year Built 2002
Property Sub-type Economy/Limited Service Corridor Interior
Property Use Type Investment Lot Size 1.75 AC
Cap Rate 10% Parking Ratio 1.25 / 1,000 SF
Listing ID: 18345194 Date Created: 09/06/2013 Last Updated: 07/14/2014

Description

SOLD SOLD SOLD; 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 AT CHEAP COST / ROOM..

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!!!! 3.8% UNEMPLOYMENT RATE. EXCELLENT HOTEL MARKET AND REAL ESTATE MARKET.PRICES GOING HIGHER. EXCELLENT JOB MARKET FOR UPPER LEVEL JOBS. HIGH EDUCATED POPULATION, QUALITY OF LIFE CITY.

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)

Research

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

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