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Rio Grande Plaza 1 S Main Ave 204 Room Hotel Laredo, TX 78040 For Sale
EXECUTIVE SUMMARY
Kassin Sabbagh Realty (KSR) is pleased to present the opportunity to acquire the fee-simple interest in the Landmark Hotel, located at 1 South Main Avenue in the heart of historic downtown Laredo, Texas. Just steps from the Rio Grande and surrounded by local shops, restaurants, and cultural attractions, the property benefits from a highly visible and walkable location. Its central position attracts a steady stream of both corporate and leisure guests, making it a strong performer in a dynamic market. Strategically placed in the heart of historic downtown, the hotel is a short stroll from the Rio Grande, the Outlet Shoppes at Laredo, Laredo Community College, the Consulate, and key cultural sites like the San Agustin Historic District.
INVESTMENT HIGHLIGHTS:
• Diverse Demand Drivers – Nearby attractions include Mall del Norte, Texas A&M International, Sames Auto Arena, Uni-Trade Stadium, Lake Casa Blanca, and Laredo’s commercial corridor.
• Prime Downtown Location: Situated in the heart of historic downtown Laredo, just steps from the Rio Grande, major landmarks, and pedestrian border crossings.
• Marriott Delta Conversion – Key Money Available A full-service Holiday Inn conversion is also an option, along with other brand opportunities. Plese contact the broker or Marriott directly for details regarding key money incentives and additional brand support.
• Busiest Port in the U.S. – In 2023, approximately $320 billion in imports and exports moved through the port, making it the nation’s top hub for international trade
INVESTMENT HIGHLIGHTS:
• Diverse Demand Drivers – Nearby attractions include Mall del Norte, Texas A&M International, Sames Auto Arena, Uni-Trade Stadium, Lake Casa Blanca, and Laredo’s commercial corridor.
• Prime Downtown Location: Situated in the heart of historic downtown Laredo, just steps from the Rio Grande, major landmarks, and pedestrian border crossings.
• Marriott Delta Conversion – Key Money Available A full-service Holiday Inn conversion is also an option, along with other brand opportunities. Plese contact the broker or Marriott directly for details regarding key money incentives and additional brand support.
• Busiest Port in the U.S. – In 2023, approximately $320 billion in imports and exports moved through the port, making it the nation’s top hub for international trade
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Sale Type | Investment | No. Rooms | 204 |
| Property Type | Hospitality | No. Stories | 15 |
| Property Subtype | Hotel | Year Built/Renovated | 1975/2022 |
| Building Class | C | Parking Ratio | 0.41/1,000 SF |
| Lot Size | 0.71 AC | Corridor | Interior |
| Building Size | 126,040 SF | ||
| Zoning | C - Commercial | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.71 AC |
| Building Size | 126,040 SF |
| No. Rooms | 204 |
| No. Stories | 15 |
| Year Built/Renovated | 1975/2022 |
| Parking Ratio | 0.41/1,000 SF |
| Corridor | Interior |
| Zoning | C - Commercial |
AMENITIES
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 8 | $139.00 | - |
| Guest Room | 196 | $85.00 | - |
1 1
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 161811 | Improvements Assessment | $1,449,255 |
| Land Assessment | $424,394 | Total Assessment | $1,873,649 |
PROPERTY TAXES
Parcel Number
161811
Land Assessment
$424,394
Improvements Assessment
$1,449,255
Total Assessment
$1,873,649
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Rio Grande Plaza | 1 S Main Ave
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