727 S 11th St | Port Aransas, TX 78373
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
727 S 11th St
Port Aransas, TX 78373
Holiday Inn Express & Suites Port Aransas · Hospitality Property For Sale
·
47,247 SF
INVESTMENT HIGHLIGHTS
- Stable Performance with Upside Potential: The hotel has consistently generated strong rooms revenue, averaging $2,397,551 over the past five years.
- There is significant potential to optimize operations, such as reducing the 2024 payroll costs to a more cost-effective range.
- The property is conveniently situated right off of Avenue G, less than one-half mile from the beach and near many other key attractions.
- This strong rooms revenue average showcases resilience even during challenging periods like the COVID-19 pandemic.
- High-Barriers-to-Entry Market: The construction of only three new hotels since 2006 has alleviated concerns about competition.
- Upon approval from the franchisor & completion of the change-of-ownership PIP, an investor can expect a new, 15-yr license agreement with IHG.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2005/2019 |
| Building Class | B | Parking Ratio | 1.57/1,000 SF |
| Lot Size | 1.68 AC | Corridor | Interior |
| Building Size | 47,247 SF | ||
| Zoning | C-2 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.68 AC |
| Building Size | 47,247 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2005/2019 |
| Parking Ratio | 1.57/1,000 SF |
| Corridor | Interior |
| Zoning | C-2 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
PROPERTY TAXES
| Parcel Number | 200113012 | Improvements Assessment | $5,283,049 |
| Land Assessment | $2,762,522 | Total Assessment | $8,045,571 |
PROPERTY TAXES
Parcel Number
200113012
Land Assessment
$2,762,522
Improvements Assessment
$5,283,049
Total Assessment
$8,045,571
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
