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14430 S Padre Island Dr
Corpus Christi, TX 78418

$4,500,000 USD

Hotel For Sale  •  38,933 SF

Property Details

  • Property Type Hotel
  • Total Building Size 51,628 SF
  • Lot Size 2.41 AC
  • Building Class B
  • Year Built 2006
  • Tenancy Multiple
  • Zoning B-2A/IO
0 Transit Score
55 Walk Score

Highlights

Despite being in a strong market, the hotel has underperformed considerably.
If the hotel’s RevPAR matched that of its competitors, it would earn $1,578,114 in rooms revenue, highlighting significant upside potential.
Prior to the COVID-19 pandemic, the hotel consistently maintained an impressive three-year average rooms revenue of $1,455,826 from 2017 to 2019.
New hotel developments in this area are rare and expensive, thus limiting the potential for additional competition.
After completing a PIP, a new owner will have a blank slate to implement its own revenue-management strategy, with ability to drive rates higher.
Conversion Opportunity with Spark by Hilton and Garner by InterContinental Hotels Group (IHG).

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Meeting Event Space

Public Transportation

AirportDriveWalkDistance
Corpus Christi International 31 min - 22.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 150
Type: Surface
Included in Rent: Yes
Andrew Frosch 713-955-0138 HVS
Andrew Frosch 713-955-0138 HVS