713-955-5580
5300 7th St, Bay City, TX for Sale
Hospitality - FOR SALE
1/16
null | Request Cap Rate

5300 7th St
Bay City, TX 77414


HIGHLIGHTS

  • This is a distressed asset with a highly motivated seller, creating a rare opportunity for a buyer to acquire a hotel asset at a significant discount.
  • Great upside exists for a more hands-on owner/operator to restructure the hotel’s operations and increase net operating income (NOI) flow-through.
  • Underperforming hotel, significant rooms revenue growth expected.
  • This opportunity presents an investor with the ability to acquire the property at a price well below replacement cost, at less than $59,000 per key.
  • The property is strategically located off State Highway 35 in Bay City, Texas, proximate to numerous dining, retail, and entertainment options.
  • Corporate demand generators include the OXEA Corporation, LyondellBassell, Phillips 66 Sweeny Refinery, and Matagorda Regional Medical Center.

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): LINK HERE HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 57-key La Quinta Inn & Suites by Wyndham Bay City, an interior-corridor, limited-service hotel asset located in Bay City, Texas, near Houston. Following the completion of the brand-mandated, change-of-ownership property improvement plan (PIP), a more hands-on owner/operator will benefit from the operational upside of owning a hotel asset at a price significantly below replacement cost.

FOR SALE DETAILS

PRICE

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# OF ROOMS

57

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Quinta Inn & Suites by Wyndham Bay City

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2008

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.03 AC

LAND SF

88,427 SF

ZONING

CH

APN/PARCEL ID

88578

ASK ABOUT THIS PROPERTY

713-955-5580

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713-955-5580

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