7404 Avenue J | Galveston, TX 77554
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- LoopNet Team
7404 Avenue J
Galveston, TX 77554
Motel 6/Studio 6 Galveston · Hospitality Property For Sale
·
29,832 SF
INVESTMENT HIGHLIGHTS
- Ideal opportunity for a more-hands on owner operator to restructure the hotel’s operations to maximize RevPAR penetration and NOI flow-through.
- Based on a selection of similar dual-brand hotel operating statements, the hotel should achieve a stabilized GOP margin between 46.0% and 52.0%.
- Ideal Dual-Brand Combination: Mix of limited-service & extended-stay room offerings, with the ability to capture both transient & extended-stay demand
- The hotel achieved an average gross operating profit (GOP) of 43.0% from 2022 through 2024.
- In 2022/23, ownership completed an extensive, comprehensive renovation to update the Motel 6 per the brand’s “Gemini” design initiative.
- There is over $1 billion in investment development activity spread across four large projects coming to the Galveston market.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1980/2012 |
| Building Class | C | Parking Ratio | 3.59/1,000 SF |
| Lot Size | 2.00 AC | Corridor | Exterior |
| Building Size | 29,832 SF | ||
| Zoning | LI | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 29,832 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2012 |
| Parking Ratio | 3.59/1,000 SF |
| Corridor | Exterior |
| Zoning | LI |
AMENITIES
- Pool
- Outdoor Pool
- Public Access Wifi
PROPERTY TAXES
| Parcel Number | 7205-0000-0512-005 | Improvements Assessment | $2,081,960 |
| Land Assessment | $1,481,040 | Total Assessment | $3,563,000 |
PROPERTY TAXES
Parcel Number
7205-0000-0512-005
Land Assessment
$1,481,040
Improvements Assessment
$2,081,960
Total Assessment
$3,563,000
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