1701 E Saint Elmo Rd - Hospitality FOR SALE
Austin, TX 78744 |
1701 E Saint Elmo Rd
Austin, TX 78744
HIGHLIGHTS
- Rare opportunity to acquire a hotel asset within the high barriers-to-entry market of Austin.
- The hotel’s trailing-twelve-month (TTM) rooms revenue equated to $1,500,000 (rounded) as of July 2023.
- Great upside exists for a more “hands-on” operator to restructure the hotel’s operations to maximize NOI flow-through.
- Property benefits from very good visibility off the frontage road along Interstate 35, within a ten-minute drive of Downtown Austin and AUS Airport.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Quality Suites Austin, TX
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
29580
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1999
PARKING SPACES
55
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
GR-CO-NP
APN/PARCEL ID
465061
