Motel 6/Studio 6 Corpus Christi North 2 Hospitality Properties Offered at $5,250,000 in Corpus Christi, TX
INVESTMENT HIGHLIGHTS
- Current ownership has recently invested in property upgrades and renovations over the last few years.
- This opportunity presents an investor with the ability to acquire the dual-branded property at a price well below replacement cost, at $38,000 per key
- A savvy owner could further increase net operating income (NOI) flow-through via proper expense management and/or on-property oversight.
- Renovations include the resurfacing of the parking lot, exterior work, and other capital projects.
- The asset is absentee owned, with higher-than-average expenses for a similar product.
- The property is favorably located along and highly visible from Interstate 37 (I-37), offering easy access to multiple demand generators in the area.
EXECUTIVE SUMMARY
For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=151673
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the dual-branded, 137-key Motel 6/Studio 6 Corpus Christi North, a limited-service, extended-stay hotel asset in Corpus Christi, Texas. The property is favorably located along and highly visible from Interstate 37 (I-37), offering easy access to multiple demand generators in the area and positioning it as an attractive option for business and leisure travelers visiting the region.
PRICE REDUCTION: $5,250,000???????
Ownership is motivated to sell the property and has agreed to reduce the price to $5,250,000, or $38,000 per key (rounded). Please contact Andrew Frosch for more details.
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the dual-branded, 137-key Motel 6/Studio 6 Corpus Christi North, a limited-service, extended-stay hotel asset in Corpus Christi, Texas. The property is favorably located along and highly visible from Interstate 37 (I-37), offering easy access to multiple demand generators in the area and positioning it as an attractive option for business and leisure travelers visiting the region.
PRICE REDUCTION: $5,250,000???????
Ownership is motivated to sell the property and has agreed to reduce the price to $5,250,000, or $38,000 per key (rounded). Please contact Andrew Frosch for more details.
PROPERTY FACTS
| Price | $5,250,000 |
| Price / SF | $108.23 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 48,510 SF |
| Total Land Area | 3.03 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Motel 6 Corpus Christi, TX - North
6301 Interstate 37, Corpus Christi, TX 78409 |
Hospitality | 24,255 SF | 1985 | - |
|
Studio 6 Corpus Christi, TX - North
6301 Interstate 37, Corpus Christi, TX 78409 |
Hospitality | 24,255 SF | 1984 | - |
