451 N Interstate 35 | Georgetown, TX 78628
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
451 N Interstate 35
Georgetown, TX 78628
Candlewood Suites Georgetown · Hospitality Property For Sale
·
38,934 SF
INVESTMENT HIGHLIGHTS
- Underperforming a Very Weak Comp Set – 2021 YTD revenue has been underperforming the comp set which consists of a Motel 6, Days Inn, BW
- Georgetown Construction Boom Driving Rapidly Increasing Revenues
- High Barrier to Entry / Below Replacement Cost – Stringent regulations make Austin MSA very expensive for new hotel construction.
- Market Revenues Far Outpacing 2019 – Comp set RevPAR was $75.79 over the three months ending July 2021 vs $58.92 during the same three months in 2019
- Low Expenses / High Cash Flow – As the hotel provides no breakfast and rooms are only cleaned either weekly or when guests check out.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 2010 |
| Building Class | B | Tenancy | Single |
| Lot Size | 1.56 AC | Parking Ratio | 4.21/1,000 SF |
| Building Size | 38,934 SF | Corridor | Interior |
| Zoning | C3 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.56 AC |
| Building Size | 38,934 SF |
| No. Stories | 3 |
| Year Built | 2010 |
| Tenancy | Single |
| Parking Ratio | 4.21/1,000 SF |
| Corridor | Interior |
| Zoning | C3 |
AMENITIES
- Business Center
- Fitness Center
- High Speed Internet Access
- Patio
- Public Access Wifi
- Fully-Equipped Kitchen
PROPERTY TAXES
| Parcel Number | R525770 | Improvements Assessment | $4,232,038 |
| Land Assessment | $917,962 | Total Assessment | $5,150,000 |
PROPERTY TAXES
Parcel Number
R525770
Land Assessment
$917,962
Improvements Assessment
$4,232,038
Total Assessment
$5,150,000
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
