La Quinta Inn & Suites by Wyndham Pharr

HVS Brokerage & Advisory, as the only and unique advisory agency to possession, presents the chance to amass the 106-key La Quinta Inn & Suites by Wyndham Pharr RGV Medical Heart, a limited-service resort asset located in Pharr, Texas. The property, having just lately acquired over $2 million in updates, is at the moment owner-operated, and it will likely be bought with out administration encumbrances.

Sturdy Efficiency

• The resort generated a median rooms income of $2,535,739 for the three-year interval of 2021 by way of 2023.

• For the trailing twelve-month interval ending March 2024, year-over-year rooms income elevated 13.2%.

• Per the February 2024 STR report, the resort’s TTM RevPAR elevated by 9.5%, in comparison with the broader McAllen/Brownsville market’s 3.3% progress, whereas the aggressive set’s RevPAR degree shrank by 7.3%.

La Quinta Inn & Suites by Wyndham Franchise

• Upon approval from the franchise, an investor can count on a brand new, long-term license settlement with Wyndham Lodges & Resorts.

• La Quinta by Wyndham is a well-established, limited-service, upper-midscale resort model that appeals to each enterprise and leisure vacationers. The model’s RevPAR index averages over 100.0% nationally, and franchisees profit from the 100 million Wyndham Rewards members to assist drive visitor stays.

Effectively-Maintained, Excessive-High quality Bodily Product at a Low cost to Substitute Value

• Latest renovations exceeding $2 million by present possession have lowered the anticipated expense related to Wyndham’s change-of-ownership property enchancment plan (PIP).

• This chance presents an investor with the flexibility to amass the property at a value effectively beneath substitute price at $80,189.

Glorious Interstate-Adjoining Location within the McAllen Market

• The property advantages from wonderful visibility and accessibility given its location alongside the Interstate 69C (I-69C) frontage street, south of the interchange with Interstate 2. I-69C is a serious thoroughfare undertaking that, as soon as full, will join Pharr to Central Texas.

• The McAllen/Reynosa Worldwide Metro, also referred to as the Borderplex, is a major manufacturing hub that includes 29 industrial parks that home main corporations like TI Automotive, Delphi Teck, Panasonic, Basic Electrical Aviation, and Stanley Black & Decker, amongst others. The Borderplex helps a producing labor drive of roughly 136,000 staff throughout the automotive, aerospace, medical, and electronics industries.

• McAllen’s aerospace trade employs over 3,000 people, with key gamers akin to Basic Electrical Aviation and SpaceX highlighting the area’s development and progress within the trade.

• The inhabitants within the Rio Grande Valley (RGV) is projected to just about double by the 12 months 2045 (from 1.3 million to 2.4 million on the U.S. facet), pushed by vital employment progress, in line with the Edinburg Financial Improvement Company.

Transformative Developments Reshaping the Rio Grande Valley’s Financial Panorama

• After a number of years of lobbying and organizing, The College of Texas–Rio Grande Valley, which features a four-year medical college, was created from a merger of The College of Texas at Brownsville and The College of Texas–Pan American in Edinburg. The establishment has a present complete enrollment of over 32,000 college students.

• Different academic establishments, akin to South Texas Faculty and the Texas State Technical Faculty, additionally present higher-education alternatives to the native workforce, in addition to entice educated transplants​.

• McAllen is positioning itself as a medical analysis hub, leveraging present healthcare infrastructure that features Docs Hospital at Renaissance (DHR) Well being System, that includes an 83,000-square-foot analysis facility; Rio Grande Regional Hospital; South Texas Well being System; and UnitedHealth Group, which collectively make use of over 31,000 medical professionals. The College of Texas Rio Grande Valley College of Drugs was launched in 2016 and had acquired full accreditation as of June 2023.

• SpaceX’s institution in Brownsville marks a pivotal financial improvement throughout the Rio Grande Valley, creating aerospace trade jobs and ancillary progress and investment​​.

• Area Improvement’s over $120-million The District at North Park Village, a mixed-use hub that can provide upscale retail, eating, and luxurious residences, impressed by different city developments akin to San Antonio’s Pearl District, is about to invigorate North McAllen.

For inquiries please go to right here to execute the Confidentiality Settlement.