1300 University Dr E - Hospitality FOR SALE


College Station, TX 77840
$10,700,000 USD
661-808-4998
1300 University Dr E, College Station, TX for Sale
$10,700,000 USD
Hospitality - FOR SALE
1/19
null | 8.59% Cap Rate

1300 University Dr E
College Station, TX 77840


HIGHLIGHTS

  • Strong Cash Flow | 36% NOI with Stabilizing Numbers
  • Little to ZERO PIP
  • Located near the largest University in Texas! 70,000+ Students

OVERVIEW

*** The Above NOI is Auto Generated - Actual NOI is $1,002,396*** Hotel Brokers of America is pleased to present the TownePlace Suites College Station, a 93-key Marriott-branded extended-stay hotel strategically positioned in the Bryan–College Station MSA, one of Texas’ most stable and demand-resilient lodging markets. The asset benefits from year-round demand anchored by Texas A&M University, a diversified base of federal research activity, and a steady mix of academic, government, corporate, and leisure travel. The hotel is PIP complete and the current ownership spent well over $2M on the total renovation. TownePlace Suites is one of Marriott’s most efficient extended-stay platforms, designed to capture longer-length-of-stay demand with lean staffing models, lower operating volatility, and durable cash flow characteristics. The hotel is well-positioned for now stabilized performance now that it has completed it’s full PIP.

FOR SALE DETAILS

PRICE

$10,700,000 USD

PRICE/SF

$197 USD /SF

# OF ROOMS

93

PRICE/ROOM

$115,054 {currency}

CAP RATE

8.59%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TownePlace Suites College Station

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1998

PARKING SPACES

90

LAND DETAILS

LAND ACRES

2.5 AC

LAND SF

108,900 SF

ZONING

-

APN/PARCEL ID

101808

ASK ABOUT THIS PROPERTY

Shivani NaikHotel Brokers of AmericaMore Info
661-808-4998

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Shivani NaikHotel Brokers of AmericaMore Info
661-808-4998

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.