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La Quinta Inns & Suites Port Lavaca 910 State Highway 35 N 57 Room Hotel Port Lavaca, TX 77979 $6,999,999 ($122,807/Room) 9.51% Cap Rate
INVESTMENT HIGHLIGHTS
- • Perfect owner-operator opportunity at a Coastal location
- • Strong long-term market upside with the ongoing industrial growth
- • Limited Competition – Avg ADR $115
- • 10 Billion ExxonMobil Project underway to area
EXECUTIVE SUMMARY
• Strategically located between Houston, Corpus Christi, and San Antonio (roughly 2 hours from each), offering access to major urban centers while enjoying a lower cost of living.
PROPERTY FACTS
| Price | $6,999,999 | Lot Size | 3.34 AC |
| Price Per Room | $122,807 | Building Size | 35,055 SF |
| Sale Type | Investment | No. Rooms | 57 |
| Cap Rate | 9.51% | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 2007 |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | ||
| Zoning | N/A | ||
| Price | $6,999,999 |
| Price Per Room | $122,807 |
| Sale Type | Investment |
| Cap Rate | 9.51% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.34 AC |
| Building Size | 35,055 SF |
| No. Rooms | 57 |
| No. Stories | 3 |
| Year Built | 2007 |
| Corridor | Interior |
| Zoning | N/A |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 19 | $154.00 | - |
| Guest Room | 38 | $119.00 | - |
PROPERTY TAXES
| Parcel Number | 29853 | Improvements Assessment | $3,696,040 |
| Land Assessment | $103,960 | Total Assessment | $3,800,000 |
PROPERTY TAXES
Parcel Number
29853
Land Assessment
$103,960
Improvements Assessment
$3,696,040
Total Assessment
$3,800,000
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La Quinta Inns & Suites Port Lavaca | 910 State Highway 35 N
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