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5300 7th St
Bay City, TX 77414
La Quinta Inn & Suites by Wyndham Bay City · Hospitality Property For Sale
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35,592 SF
Investment Highlights
- This is a distressed asset with a highly motivated seller, creating a rare opportunity for a buyer to acquire a hotel asset at a significant discount.
- Underperforming hotel, significant rooms revenue growth expected.
- The property is strategically located off State Highway 35 in Bay City, Texas, proximate to numerous dining, retail, and entertainment options.
- Great upside exists for a more hands-on owner/operator to restructure the hotel’s operations and increase net operating income (NOI) flow-through.
- This opportunity presents an investor with the ability to acquire the property at a price well below replacement cost, at less than $59,000 per key.
- Corporate demand generators include the OXEA Corporation, LyondellBassell, Phillips 66 Sweeny Refinery, and Matagorda Regional Medical Center.
Property Facts
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2008/2012 |
| Building Class | B | Parking Ratio | 1.09/1,000 SF |
| Lot Size | 2.00 AC | Corridor | Interior |
| Building Size | 35,592 SF | ||
| Zoning | CH - Commercial Highway | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.00 AC |
| Building Size | 35,592 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2008/2012 |
| Parking Ratio | 1.09/1,000 SF |
| Corridor | Interior |
| Zoning | CH - Commercial Highway |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Smoke-Free
Property Taxes
| Parcel Number | 88578 | Improvements Assessment | $2,723,590 |
| Land Assessment | $237,670 | Total Assessment | $2,961,260 |
Property Taxes
Parcel Number
88578
Land Assessment
$237,670
Improvements Assessment
$2,723,590
Total Assessment
$2,961,260
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