2825 61st St | Galveston, TX 77551
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2825 61st St
Galveston, TX 77551
Motel 6 Galveston, TX - Beach/Seawall · Hospitality Property For Sale
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32,860 SF
Investment Highlights
- The property features spacious onsite living quarters, including a two-bedroom manager's apartment
- Hotel's TTM RevPAR penetration index of 114% surpassed the competitive set, per December 2022 STR Trend Report, highlighting consistent outperformance
- Galveston's high-barriers-to-entry market is due to zoning, limited land, and historic district constraints. Property is close to Galveston Beach
- Estimated all-in investment to construct similar asset with comparable amenities is a minimum of $125,000 per key due to scarcity of available land
- The hotel has demonstrated remarkable stability over the last 10 years, producing an average of $1,659,579 in annual rooms revenue
- Corporate and leisure demand comes from UTMB, Texas A&M, water parks, cruise terminals, and historic sites
Property Facts
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1983/2008 |
| Building Class | C | Parking Ratio | 2.95/1,000 SF |
| Lot Size | 1.64 AC | Corridor | Exterior |
| Building Size | 32,860 SF | ||
| Zoning | C | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.64 AC |
| Building Size | 32,860 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1983/2008 |
| Parking Ratio | 2.95/1,000 SF |
| Corridor | Exterior |
| Zoning | C |
Amenities
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Property Taxes
| Parcel Number | 6290-0000-0001-000 | Improvements Assessment | $1,013,040 |
| Land Assessment | $1,531,960 | Total Assessment | $2,545,000 |
Property Taxes
Parcel Number
6290-0000-0001-000
Land Assessment
$1,531,960
Improvements Assessment
$1,013,040
Total Assessment
$2,545,000
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