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1709 Padre Blvd
South Padre Island, TX 78597
Home2 Suites by Hilton South Padre Island · Hospitality Property For Sale · 91 Rooms

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INVESTMENT HIGHLIGHTS

  • Down-to-the-studs renovation by experienced developer
  • No other development in pipeline through 2027
  • Opportunity Zone tax benefits

EXECUTIVE SUMMARY

CONSTRUCTION UPDATE
A delay in delivery of elevators has pushed the completion date of this asset. As of September 10, 2025, Certificate of Occupancy is estimated for late
October. The vast majority of construction is done, and furniture and soft goods are placed. Call for tour information
Freshly renovated and rebranded Home2 Suites by Hilton, a new 91-key, select-service, extended-stay hotel located in South Padre Island, Texas—one of the most vibrant and rapidly growing resort destinations in the state.
A 4-minute walk to South Padre Island Beach and within a 5-minute drive to Beach Park at Isla Blanca.
A newly remodeled turnkey Hilton-flagged property in a coastal market with year-round tourism demand, an empty development pipeline, and strong RevPAR fundamentals.
This down-to-the-studs renovation has transformed the property, and it will be the newest hotel on South Padre for some time to come.
No new hotels delivered in the last three years, and none are permitted on South Padre Island through the end of 2027. South Padre Island welcomed over 7 million visitors in 2023, with peak occupancy rates regularly exceeding 80% during seasonal months.
Investment Highlights
Hilton Brand Affiliation: As a Home2 Suites by Hilton, the property benefits from one of the most powerful reservation systems in the world and participation in the Hilton Honors loyalty program.
Premier Location: Situated directly on Padre Boulevard, the island’s primary commercial corridor, the hotel is walking distance to the beach, top restaurants, nightlife, and the South Padre Island Convention Centre.
New Construction (September 2025 Delivery): Delivered to market in 2025, the property requires no PIP and offers immediate operational efficiencies with minimal capital expenditure.
Strong Market Fundamentals: South Padre Island welcomed over 7 million visitors in 2023, according to the Texas Office of the Governor, Economic Development & Tourism Division, with peak occupancy rates regularly exceeding 80% during seasonal months.
Opportunity Zone Tax Benefits: The property is located within a Designated Federal Opportunity Zone, allowing eligible investors to take advantage of substantial tax incentives.

PROPERTY FACTS

Price Per Room $200,000
Sale Type Investment
Cap Rate 10.11%
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 1.87 AC
Construction Status Under Renovation
Building Size 113,196 SF
No. Rooms 91
No. Stories 3
Year Built/Renovated 1999/2026
Parking Ratio 1.19/1,000 SF
Corridor Interior
Opportunity Zone Yes
Zoning COMMERCIAL BUILDING

AMENITIES

  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen
  • Digital key

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Suite 91 $217.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
676400-0020-001100
Land Assessment
$1,868,750
Improvements Assessment
$1,171,883
Total Assessment
$3,040,633
  • Listing ID: 37243948

  • Date on Market: 8/12/2025

  • Last Updated:

  • Address: 1709 Padre Blvd, South Padre Island, TX 78597

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