221 S US Highway 77 Byp - Hospitality FOR SALE


Kingsville, TX 78363
$2,700,000 USD
281-684-5653
221 S US Highway 77 Byp, Kingsville, TX for Sale
$2,700,000 USD
Hospitality - FOR SALE
1/17
null | Request Cap Rate

221 S US Highway 77 Byp
Kingsville, TX 78363


HIGHLIGHTS

  • Priced at 2.78x based on 2025 rooms revenue of $970,561.
  • This opportunity presents an investor with the ability to acquire the property at a price well below replacement cost, at roughly $36,500 per key.
  • The property contains a two-bedroom, two-bathroom owner/manager’s apartment.
  • Strong rooms revenue, averaging $755,297 over the past 15 yrs, showcasing resilience even during challenging periods like the COVID-19 pandemic.
  • Strategic location just off U.S. Hwy 77 within easy reach of major demand generators including Texas A&M University & Naval Air Station Kingsville.
  • Heritage and agritourism demand is generated by the 825,000-acre King Ranch, including its museum, saddle shop, and bus tours.

OVERVIEW

For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=160175 HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 74-key Econo Lodge Kingsville, a limited-service hotel asset in Kingsville, Texas. Kingsville is located in Kleberg County along U.S. Highway 77, a key corridor in South Texas. While traditionally driven by academic and military-related demand from Texas A&M University–Kingsville and Naval Air Station Kingsville, the area is experiencing a surge in economic development.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$30 USD /SF

# OF ROOMS

74

PRICE/ROOM

$36,486 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Econo Lodge Kingsville

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1969

PARKING SPACES

107

LAND DETAILS

LAND ACRES

2.41 AC

LAND SF

104,980 SF

ZONING

CG

APN/PARCEL ID

15367

ASK ABOUT THIS PROPERTY

281-684-5653

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281-684-5653

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