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Greatest Western Port Aransas
HVS Brokerage & Advisory, as the only and unique advisory agency to possession, presents the chance to amass the 59-key Greatest Western Port Aransas, a limited-service resort asset in Port Aransas, Texas. Positioned within the coronary heart of a drive-to leisure market and benefiting from Corpus Christi’s stable financial backing, the transaction course of might be eased given the property’s excellent bodily situation and its strategic location inside one-half mile of Port Aransas Seashore, bolstered by the resort’s six-year common rooms income exceeding $2.3 million. The resort aligns with Port Aransas’ financial evolution, focusing on various industries whereas interesting to the normal leisure phase.
Steady Efficiency with Upside Potential
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The resort has constantly generated sturdy rooms income, averaging $2,329,673 over the previous six years, showcasing resilience even throughout difficult durations just like the COVID-19 pandemic.
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Underneath skilled possession, there’s important potential to optimize operations, resembling decreasing the 2023 payroll prices to a cheaper vary, which might end in a considerable enhance in web profitability.
Perfect Alternative for an Skilled Proprietor/Operator
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This 59-key rely is taken into account a super measurement for an skilled proprietor/operator.
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The property comprises a one-bedroom/one-bathroom suite that’s at the moment included within the stock, however which could possibly be used as an proprietor/operator’s condo.
Excessive Obstacles-to-Entry Market
Wonderful Location Close to Leisure Demand Turbines
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The property is conveniently located alongside Avenue G, inside one-half mile of the seashore and close to many different key points of interest, such because the Port Aransas Museum, Leonabelle Turnbull Birding Heart, Crimson Dragon Pirate Cruises, Port Aransas Fishing Pier, Dolphin Dock Charters, Port Aransas Ferry Touchdown, WWII Gun Mounts, and Roberts Level Park, permitting for a robust seize of leisure demand.
Greatest Western Franchise
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Greatest Western gives essentially the most aggressive franchise charges within the business, permitting house owners to maximise income. New franchisees profit from an automated franchise switch settlement, simplifying the transition and inheriting the prevailing membership settlement from the present proprietor, which comes with the additional benefit of pre-established decrease royalty funds.
Renovation Highlights
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In 2018, the property underwent a big renovation that included the addition of ten rooms geared up with stovetops, a complete transform of your entire first flooring, and the renovation of the resort’s guestroom bogs, enhancing the property’s attraction and trendy facilities.
For inquiries please go to right here to execute the Confidentiality Settlement.
