808 61st St | Galveston, TX 77551
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This Hospitality Property is no longer advertised on LoopNet.com.
808 61st St
Galveston, TX 77551
Candlewood Suites Galveston · Hospitality Property For Sale
·
41,232 SF

Investment Highlights
- In the past two years, ownership completed an extensive renovation of multiple areas of the property. A minimal change-of-ownership PIP is expected.
- Great opportunity for new management to target long-term contracts and improve revenues.
- In a typical year, there are over 80 year-round festivals, special events, sporting events, and gatherings held in this area.
- Rooms revenues are up 68.8% through November 2021 year-to-date and are on pace to be over $1,600,000 by year-end.
- Over 55% of the November 2021 YTD room revenues are generated from the top 100 accounts.
- Strong demand generated during the spring and summer months in Galveston, Texas.
Property Facts
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2008/2020 |
| Building Class | B | Parking Ratio | 2.01/1,000 SF |
| Lot Size | 1.47 AC | Corridor | Interior |
| Building Size | 41,232 SF | ||
| Zoning | S - Commercial (NEC) | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.47 AC |
| Building Size | 41,232 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2008/2020 |
| Parking Ratio | 2.01/1,000 SF |
| Corridor | Interior |
| Zoning | S - Commercial (NEC) |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Fully-Equipped Kitchen
Links
Property Taxes
| Parcel Number | 2207-0000-0001-000 | Improvements Assessment | $3,691,360 |
| Land Assessment | $881,140 | Total Assessment | $4,572,500 |
Property Taxes
Parcel Number
2207-0000-0001-000
Land Assessment
$881,140
Improvements Assessment
$3,691,360
Total Assessment
$4,572,500
Listing ID: 24641889
Date on Market: 12/10/2021
Last Updated:
Address: 808 61st St, Galveston, TX 77551
The Harborside Point Hospitality Property at 808 61st St, Galveston, TX 77551 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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