6303 Broadway St | Galveston, TX 77551
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6303 Broadway St
Galveston, TX 77551
SpringHill Suites by Marriott Galveston · Hospitality Property For Sale
·
52,245 SF
INVESTMENT HIGHLIGHTS
- The 74-key count is highly attractive for an owner-operator looking to acquire its first Marriott-branded asset within one of the top five U.S. areas.
- Rooms revenue reached $1,835,000 (rounded) in 2021, reflecting a 56.7% increase compared to 2020.
- Leisure demand generators in the area include Port of Galveston Cruise Terminal, Moody Gardens, Schlitterbahn Water Park & Resort.
- This opportunity presents an investor with the ability to acquire the property at a price well below replacement cost.
- The hotel is on pace to achieve rooms revenue around $2,100,000 (rounded) this year.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built | 2007 |
| Building Class | B | Parking Ratio | 1.03/1,000 SF |
| Lot Size | 1.30 AC | Corridor | Interior |
| Building Size | 52,245 SF | ||
| Zoning | CC | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.30 AC |
| Building Size | 52,245 SF |
| No. Stories | 4 |
| Year Built | 2007 |
| Parking Ratio | 1.03/1,000 SF |
| Corridor | Interior |
| Zoning | CC |
AMENITIES
- Balcony
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Hot Tub
- Fully-Equipped Kitchen
- Digital key
PROPERTY TAXES
| Parcel Number | 6707-0000-0001-000 | Improvements Assessment | $4,563,000 |
| Land Assessment | $1,037,000 | Total Assessment | $5,600,000 |
PROPERTY TAXES
Parcel Number
6707-0000-0001-000
Land Assessment
$1,037,000
Improvements Assessment
$4,563,000
Total Assessment
$5,600,000
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