14430 S Padre Island Dr | Corpus Christi, TX 78418
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14430 S Padre Island Dr
Corpus Christi, TX 78418
La Quinta Inn & Suites by Wyndham Corpus · Hospitality Property For Sale
·
51,628 SF
INVESTMENT HIGHLIGHTS
- Despite being in a strong market, the hotel has underperformed considerably.
- Prior to the COVID-19 pandemic, the hotel consistently maintained an impressive three-year average rooms revenue of $1,455,826 from 2017 to 2019.
- After completing a PIP, a new owner will have a blank slate to implement its own revenue-management strategy, with ability to drive rates higher.
- If the hotel’s RevPAR matched that of its competitors, it would earn $1,578,114 in rooms revenue, highlighting significant upside potential.
- New hotel developments in this area are rare and expensive, thus limiting the potential for additional competition.
- Conversion Opportunity with Spark by Hilton and Garner by InterContinental Hotels Group (IHG).
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2006/2014 |
| Building Class | B | Parking Ratio | 3.83/1,000 SF |
| Lot Size | 1.44 AC | Corridor | Interior |
| Building Size | 51,628 SF | ||
| Zoning | B-2A/IO | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.44 AC |
| Building Size | 51,628 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2006/2014 |
| Parking Ratio | 3.83/1,000 SF |
| Corridor | Interior |
| Zoning | B-2A/IO |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
PROPERTY TAXES
| Parcel Number | 200112858 | Improvements Assessment | $1,224,749 |
| Land Assessment | $687,500 | Total Assessment | $1,912,249 |
PROPERTY TAXES
Parcel Number
200112858
Land Assessment
$687,500
Improvements Assessment
$1,224,749
Total Assessment
$1,912,249
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