4603 N Cage Blvd | Pharr, TX 78577
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4603 N Cage Blvd
Pharr, TX 78577
La Quinta Inn & Suites by Wyndham Pharr · Hospitality Property For Sale
·
62,424 SF
Investment Highlights
- The hotel generated an average rooms revenue of $2,535,739 for the three-year period of 2021 through 2023.
- Per the February 2024 STR report, the hotel’s TTM RevPAR increased by 9.5%, compared to the broader McAllen/Brownsville market’s 3.3% growth.
- This opportunity presents and investor with the ability to acquire the property at a price well below replacement cost at $80,189.
- For the trailing twelve-month period ending March 2024, year-over-year rooms revenue increased 13.2%.
- Recent renovations exceeding $2.0 million have lowered the expected expense of Wyndham’s change-of-ownership property improvement plan (PIP).
Property Facts
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 2002 |
| Building Class | B | Parking Ratio | 1.93/1,000 SF |
| Lot Size | 2.60 AC | Corridor | Interior |
| Building Size | 62,424 SF | ||
| Zoning | LI - Limited Industrial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.60 AC |
| Building Size | 62,424 SF |
| No. Stories | 3 |
| Year Built | 2002 |
| Parking Ratio | 1.93/1,000 SF |
| Corridor | Interior |
| Zoning | LI - Limited Industrial |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,150,141 | |
| Land Assessment | $866,603 | Total Assessment | $5,016,744 |
Property Taxes
Parcel Numbers
Land Assessment
$866,603
Improvements Assessment
$4,150,141
Total Assessment
$5,016,744
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