929 N Navigation Blvd - Hospitality FOR SALE


Corpus Christi, TX 78408- Downtown Corpus Christi
$6,900,000 USD
281-684-5653
929 N Navigation Blvd, Corpus Christi, TX for Sale
$6,900,000 USD
Hospitality - FOR SALE
1/19
null | Request Cap Rate

929 N Navigation Blvd
Corpus Christi, TX 78408
Downtown Corpus Christi


HIGHLIGHTS

  • Recently Renovated to Formula Blue 2.0 Protype
  • Stable revenue average of $1,895,618 per year since its opening in June 2011
  • Prime location near attractions like Padre Island, Downtown Corpus Christi, & the Texas State Aquarium. Three miles from Corpus Christi Int'l. Airport
  • Close to major demand drivers such as the Valero refinery, CITGO Petroleum Corporation, and the Port of Corpus Christi, one of the largest in the US
  • Per the December 2024 STR data, the Hotel ranked first among seven other competitive hotels in terms of RevPAR

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=147283 HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 64-key Holiday Inn Express & Suites Corpus Christi North, a limited-service hotel asset in Corpus Christi, Texas. The property benefits significantly from its proximity to the Port of Corpus Christi, which is strategically located near major oil and gas (O&G) production areas in the United States. PRICE REDUCTION: $6,900,000??????? Ownership is motivated to sell the property and has agreed to reduce the price to $6,900,000, or $108,000 per key (rounded). Please contact Andrew Frosch for more details.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$171 USD /SF

# OF ROOMS

64

PRICE/ROOM

$107,813 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites Corpus Christi

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2011

PARKING SPACES

63

LAND DETAILS

LAND ACRES

1.46 AC

LAND SF

63,598 SF

ZONING

F1

APN/PARCEL ID

374143

ASK ABOUT THIS PROPERTY

281-684-5653

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281-684-5653

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