1705 N Highway 181 - Hospitality FOR SALE
Portland, TX 78374 |
1705 N Highway 181
Portland, TX 78374
HIGHLIGHTS
- Property is currently absentee owned and has great potential for a more hands-on owner/operator to restructure operations and maximize profitability
- According to the December 2022 STR, hotel ranked fifth in terms of occupancy, average daily rate, and RevPAR, leaving major room for improvement
- Potential to Rebrand with Spark by Hilton. Spark by Hilton offers a fresh brand image and the benefits of a well-established hospitality company
- The property is available at a discount to its replacement cost, presenting a cost-effective investment opportunity
- Seller financing is available to a qualified buyer that has a strong background in hotel operators
- Excellent location among strong corporate & leisure demand generators and close proximity to Corpus Christi
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Country Inn & Suites by Radisson, Portland
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
26660
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2001
PARKING SPACES
66
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
F1
APN/PARCEL ID
57811
