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Holiday Inn Express & Suites Alice 2965 E Main St 70 Room Hotel Alice, TX 78332 $7,350,000 ($105,000/Room) 7.27% Cap Rate
Investment Highlights
- Surging $2M+ Room Revenue
- High Cash on Cash Potential with High 10%+ Cap Rate
- Recently Renovated - No to Minimal PIP
Executive Summary
Hotel Brokers of America is pleased to offer, on an exclusive basis, the opportunity to acquire this 70-room Holiday Inn Express & Suites (“Property” or “Hotel”), prominently located in Alice, TX. This hotel is just a short drive from Corpus Christi, area airports, local attractions and influential corporations, it's truly the place to "Stay Smart" when visiting Alice, TX. Medical professionals appreciate the easy commute to Christus Spohn Hospital, and corporate guests can expect hassle-free travel to Halliburton and National Oilwell Varco.Those in town for leisure find plenty to do in Alice. The hotel's location near Tejano ROOTS Hall of Fame & Museum and South Texas Museum ensures that visitors are well-versed in local history by the time they leave. Exciting events like the Jim Wells County Fair are also held within five minutes of the hotel, and visitors can spend sunny
days on the Alice Municipal Golf Course.
days on the Alice Municipal Golf Course.
Property Facts
| Price | $7,350,000 | Lot Size | 2.13 AC |
| Price Per Room | $105,000 | Building Size | 46,682 SF |
| Sale Type | Investment | No. Rooms | 70 |
| Cap Rate | 7.27% | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 2004/2024 |
| Property Subtype | Hotel | Parking Ratio | 6.19/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | H | ||
| Price | $7,350,000 |
| Price Per Room | $105,000 |
| Sale Type | Investment |
| Cap Rate | 7.27% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.13 AC |
| Building Size | 46,682 SF |
| No. Rooms | 70 |
| No. Stories | 3 |
| Year Built/Renovated | 2004/2024 |
| Parking Ratio | 6.19/1,000 SF |
| Corridor | Interior |
| Zoning | H |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 17 | $163.00 | - |
| Guest Room | 53 | $144.00 | - |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,728,203 | |
| Land Assessment | $468,489 | Total Assessment | $2,196,692 |
Property Taxes
Parcel Numbers
Land Assessment
$468,489
Improvements Assessment
$1,728,203
Total Assessment
$2,196,692
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
Holiday Inn Express & Suites Alice | 2965 E Main St