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Knights Inn Corpus Christi at North Beach 3615 Timon Blvd 29 Room Hotel Corpus Christi, TX 78402 $1,500,000 ($51,724/Room)
INVESTMENT HIGHLIGHTS
- High barriers-to-entry beach market - situated about a block west of North Beach, guests can easily walk to the beach area.
- The property contains a three-bedroom, three-bathroom manager’s apartment.
- The property is conveniently located off U.S. Highway 181 and within two miles of several strong leisure demand generators in Corpus Christi.
- Seller financing is available, giving buyers a major advantage by reducing the need for traditional bank loans and making the purchase process easier.
- The hotel has consistently generated strong rooms revenue, averaging $633,000 (rounded) annually over the past ten years.
- Proximal to several major refineries & chemical plants, including Valero, Citgo, & Occidental Petroleum, providing steady business transient demand.
EXECUTIVE SUMMARY
For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=155616
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 29-key Knights Inn Corpus Christi North, a limited-service hotel asset in Corpus Christi, Texas. The property benefits significantly from its proximity to the Port of Corpus Christi, which is strategically located near major oil and gas (O&G) production areas in the United States.
PRICE REDUCTION: $1,500,000
Ownership is motivated to sell the property and has agreed to reduce the price to $1,500,000, or $51,724 per key. Please contact Andrew Frosch for more details.
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 29-key Knights Inn Corpus Christi North, a limited-service hotel asset in Corpus Christi, Texas. The property benefits significantly from its proximity to the Port of Corpus Christi, which is strategically located near major oil and gas (O&G) production areas in the United States.
PRICE REDUCTION: $1,500,000
Ownership is motivated to sell the property and has agreed to reduce the price to $1,500,000, or $51,724 per key. Please contact Andrew Frosch for more details.
PROPERTY FACTS
| Price | $1,500,000 | No. Rooms | 29 |
| Price Per Room | $51,724 | No. Stories | 2 |
| Sale Type | Investment | Year Built/Renovated | 1981/2021 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 0.87/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.73 AC | Opportunity Zone |
Yes
|
| Building Size | 11,372 SF | ||
| Zoning | B-1 | ||
| Price | $1,500,000 |
| Price Per Room | $51,724 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.73 AC |
| Building Size | 11,372 SF |
| No. Rooms | 29 |
| No. Stories | 2 |
| Year Built/Renovated | 1981/2021 |
| Tenancy | Single |
| Parking Ratio | 0.87/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | B-1 |
AMENITIES
- Balcony
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 29 | $61.00 | - |
PROPERTY TAXES
| Parcel Number | 202084 | Improvements Assessment | $918,942 |
| Land Assessment | $414,258 | Total Assessment | $1,333,200 |
PROPERTY TAXES
Parcel Number
202084
Land Assessment
$414,258
Improvements Assessment
$918,942
Total Assessment
$1,333,200
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Knights Inn Corpus Christi at North Beach | 3615 Timon Blvd
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