281 Buddy Ganem Dr | Portland, TX 78374
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- LoopNet Team
281 Buddy Ganem Dr
Portland, TX 78374
95-Key Hotel Opportunity Near Corpus Christi · Hospitality Property For Sale
·
37,211 SF
INVESTMENT HIGHLIGHTS
- 95-key hotel in Portland, TX with easy access to sandy beaches and two bays on the Coastal Bend
- Newly built with opening in 2021
- Upside potential for new management
- Offered at $95,790 per room, which is a $35,450 discount per room from the 2022 average U.S. Avid sale price of $130,240
- The two hotels built in Portland, TX after 2020 have an average trailing 12 month RevPAR of $79 as of November 2022
- Broker of Record: Brian Brockman (Bang Realty – Texas, Inc) | TX License # 701472
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built | 2021 |
| Building Class | B | Parking Ratio | 2.96/1,000 SF |
| Lot Size | 2.26 AC | Corridor | Interior |
| Building Size | 37,211 SF | ||
| Zoning | Commercial - Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.26 AC |
| Building Size | 37,211 SF |
| No. Stories | 4 |
| Year Built | 2021 |
| Parking Ratio | 2.96/1,000 SF |
| Corridor | Interior |
| Zoning | Commercial - Commercial |
AMENITIES
- Business Center
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 91116 | Improvements Assessment | $7,008,480 |
| Land Assessment | $394,975 | Total Assessment | $7,403,455 |
PROPERTY TAXES
Parcel Number
91116
Land Assessment
$394,975
Improvements Assessment
$7,008,480
Total Assessment
$7,403,455
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