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1603 E Oltorf Blvd
Austin, TX 78741

$9,500,000 USD

Hotel For Sale  •  52,380 SF

Property Details

  • Property Type Hotel
  • Total Building Size 52,380 SF
  • Lot Size 2.32 AC
  • Building Class C
  • Year Built 1975
  • Tenancy Multiple
  • Zoning GR
46 Transit Score
61 Walk Score

Highlights

132-room, two-story, La Quinta Inn and a restaurant that sits on 3 acres of land on a hard corner that is located in a prime location.
Underperforming Nearby Competitors’ RevPAR by $20-$30 - The property is absentee-owned and operated by an owner located out of state.
Current below-market lease runs out in November. Restaurant is approximately 5,000 SF. The market rent is estimated to be around $175,000 annually.
Minutes to Downtown Austin - The hotel is situated close to the Oracle Austin Campus (1.7 miles), Google (2.9 miles), and Meta (2.9 miles).

Amenities

  • Pool
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free

Public Transportation

Commuter RailDriveWalkDistance
Austin (Texas Eagle - Amtrak) 8 min - 4.1 mi
AirportDriveWalkDistance
Austin-Bergstrom International 19 min - 8.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 121
Type: Surface
Included in Rent: Yes
Dennis Drake 832-270-1699 CBRE
Dennis Drake 832-270-1699 CBRE