7619 N Interstate 35 | Austin, TX 78752
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- LoopNet Team
7619 N Interstate 35
Austin, TX 78752
Hampton Inn Austin-North @ I-35 & Hwy 183 · Hospitality Property For Sale
·
53,380 SF
INVESTMENT HIGHLIGHTS
- Offered Unencumbered of Management and Debt: The property will be sold unencumbered of debt and management to new ownership.
- Hotel’s RevPAR ranked in bottom half of peer set since 2018 & RevPAR index declined from 106% in 2017 to 87% in 2021, indicating substantial upside
- Proximity to Major Demand Drivers: University of Texas at Austin, Downtown Austin, & corporate submarkets
- Value-Add Opportunity: PIP-required upgrades and improved revenue management strategies will allow new ownership to recapture lost occupancy
- Premium Hilton Brand: Can retain the Hampton Inn brand, subject to buyer approval by Hilton.
- Austin lodging market is one of the strongest and most resilient in the state having performed better than Dallas-Ft Worth, Houston, and San Antonio
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built | 1986 |
| Building Class | B | Tenancy | Single |
| Lot Size | 2.83 AC | Parking Ratio | 2.34/1,000 SF |
| Building Size | 53,380 SF | Corridor | Interior |
| Zoning | CS-MU-NP | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.83 AC |
| Building Size | 53,380 SF |
| No. Stories | 4 |
| Year Built | 1986 |
| Tenancy | Single |
| Parking Ratio | 2.34/1,000 SF |
| Corridor | Interior |
| Zoning | CS-MU-NP |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Digital key
PROPERTY TAXES
| Parcel Number | 234121 | Improvements Assessment | $6,396,660 |
| Land Assessment | $3,703,340 | Total Assessment | $10,100,000 |
PROPERTY TAXES
Parcel Number
234121
Land Assessment
$3,703,340
Improvements Assessment
$6,396,660
Total Assessment
$10,100,000
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