2965 E Main St - Hospitality FOR SALE


Alice, TX 78332
$7,350,000 USD
469-877-1850
2965 E Main St, Alice, TX for Sale
$7,350,000 USD
Hospitality - FOR SALE
1/52
null | 7.27% Cap Rate

2965 E Main St
Alice, TX 78332


HIGHLIGHTS

  • Surging $2M+ Room Revenue
  • Recently Renovated - No to Minimal PIP
  • High Cash on Cash Potential with High 10%+ Cap Rate

OVERVIEW

Hotel Brokers of America is pleased to offer, on an exclusive basis, the opportunity to acquire this 70-room Holiday Inn Express & Suites (“Property” or “Hotel”), prominently located in Alice, TX. This hotel is just a short drive from Corpus Christi, area airports, local attractions and influential corporations, it's truly the place to "Stay Smart" when visiting Alice, TX. Medical professionals appreciate the easy commute to Christus Spohn Hospital, and corporate guests can expect hassle-free travel to Halliburton and National Oilwell Varco.Those in town for leisure find plenty to do in Alice. The hotel's location near Tejano ROOTS Hall of Fame & Museum and South Texas Museum ensures that visitors are well-versed in local history by the time they leave. Exciting events like the Jim Wells County Fair are also held within five minutes of the hotel, and visitors can spend sunny days on the Alice Municipal Golf Course.

FOR SALE DETAILS

PRICE

$7,350,000 USD

PRICE/SF

$157 USD /SF

# OF ROOMS

70

PRICE/ROOM

$105,000 {currency}

CAP RATE

7.27%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites Alice

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2004

PARKING SPACES

72

LAND DETAILS

LAND ACRES

2.13 AC

LAND SF

92,783 SF

ZONING

H

APN/PARCEL ID

11020-001-018-00,11546-001-000-00

ASK ABOUT THIS PROPERTY

Subhash NaikHotel Brokers of AmericaMore Info
469-877-1850

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

Subhash NaikHotel Brokers of AmericaMore Info
469-877-1850

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