HVS Brokerage & Advisory, as the only and unique advisory agency to possession, presents the chance to amass the 104-key Greatest Western Corpus Christi Airport, a limited-service lodge asset in Corpus Christi, Texas. With a number of giant refineries and chemical vegetation within the space, the Port of Corpus Christi is a significant crude-oil refinery hub that handles the highest petroleum commodities, creating vital demand for motels within the area. General, the property’s location provides easy accessibility to a number of demand turbines within the space, positioning it as a gorgeous possibility for enterprise and leisure vacationers visiting the area.
Low cost to Substitute Value
Vital Upside for a New Operator to Enhance Efficiency
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The lodge skilled a considerable income improve from 2022 to 2023, with rooms income rising from $1,269,319 to $1,874,232, reflecting a notable improve of 47.6%.
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Per the December 2023 STR knowledge, the lodge ranked sixth and seventh amongst seven aggressive motels by way of occupancy and common every day price (ADR), respectively, having registered a RevPAR penetration index of 73.5%. A savvy operator ought to be capable of improve the lodge’s efficiency and recapture demand from each leisure and company vacationers.
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If the lodge had been to match the aggressive set’s present RevPAR of $67.15, rooms income would equate to $2,549,014.
Renovation Highlights
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Present possession invested $3 million in property upgrades and renovations over the previous couple of years, surpassing Greatest Western requirements. The lodge now provides a Starbucks espresso machine within the foyer, in addition to a number of beers. Complimentary shuttle service to the airport can be supplied.
Greatest Western Award-Profitable Excellence
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The lodge was the proud recipient of the Chairman’s Award for High quality Assurance in its inaugural yr. This recognition is reserved for properties whose high quality assurance rating ranks within the prime 5.0% nationally based mostly on standards similar to cleanliness and total situation.
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New franchisees profit from an automated franchise switch settlement, simplifying the transition and inheriting the present membership settlement from the present proprietor, which comes with the additional advantage of pre-established decrease royalty funds.
Glorious Location Amongst Leisure and Demand Mills
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Located in a wonderful location, the property advantages from proximity to main leisure sights similar to Padre Island, Mustang Island, Downtown Corpus Christi, Hurricane Alley Waterpark, the Texas State Aquarium, and the USS Lexington.
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Furthermore, the lodge stands as a major selection for each enterprise and leisure vacationers, strategically located roughly 4 miles from Corpus Christi Worldwide Airport.
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Distinguished contributors to lodging demand embrace well-respected establishments similar to Del Mar Faculty, Texas A&M College-Corpus Christi, CHRISTUS Spohn Well being System, Corpus Christi Medical Middle Medical doctors Regional, and the Naval Air Station Corpus Christi.
For inquiries please go to right here to execute the Confidentiality Settlement.
