La Quinta Inn & Suites San Antonio North Stone Oak

  • 85-Room, four story La Quinta Inn & Suites built in 2007
  • Consistent performance with revenue averaging around $1.8 million annually since 2008
  • Operated using third party management
  • Priced well below replacement cost at around $78,000 a room and a 3.58X multiplier
  • Minutes from Downtown, Fiesta Texas, San Antonio International Airport and South Texas Medical Center

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Holiday Inn Express & Suites Beaumont NW-Parkdale Mall

  • New Fifteen Year License Agreement. Upon completion of the Formula Blue PIP a new buyer can expect a new fifteen year franchise license agreement from IHG. The estimated cost of the Formula Blue PIP is $15,000 per room or $1,215,000.
  • Stable History. Based on the period ending TTM September 2017, the room revenue is $2,417,232 and net operating income is $655,351. The Hotel has shown stable revenue and cash flow history with the last three years room revenue average of $2,359,483 and a net operating income average of $707,112.
  • Strong Location. The Property benefits from a strong location, being less than a five-minute drive from the Parkdale Mall and nearby major restaurant and retail chains. Additionally, the Property is conveniently located near the following demand generators: ExxonMobil Refinery Main Entrance (8.4 miles), Ford Park Event Center (10.3 miles), Lamar University (11.2 miles) and Big Thicket National Preserve (27 miles). This Hotel is the closest premium branded hotel to Parkdale Mall and has benefited from the growth in the area.
  • Holiday Inn Express & Suites. In just 25 years Holiday Inn Express has grown to become IHG’s biggest global brand. Nearly half of IHG’s entire global pipeline is made up of Holiday Inn Express hotels. Current global distribution is 2,542 hotels encompassing 253,904 rooms with 702 hotels in the pipeline as of June 2017. Already hugely successful thanks to consistent belief in simple, smart travel and baked by an award-winning marketing campaign, the Holiday Inn Express brand is poised for continued growth.
  • Local Economy. A significant element of the region’s economy is the Port of Beaumont, the nation’s fourth-largest seaport by tonnage. The 842nd Transportation Battalion, and the 596th Transportation Group are both stationed at the Port in Beaumont. In addition to companies doing business within the city limits, several large industrial facilities are located within the city’s five-mile extraterritorial jurisdiction boundaries including the ExxonMobil Beaumont refinery and chemical plants, Goodyear Beaumont chemical plant and Dow chemical plant.
  • US Gulf Coast Accounts for Over Half of the Refining Capacity in the US. The total operating refining capacity in the US stands at approximately 18.4 million bpd (barrels per day). The Gulf Coast, a key US refining region, accounts for approximately 9.6 million bpd of total refining capacity, which represents 52% of the total refining strength in the country. Texas contributed 30% to the total refining capacity in the country.
  • ExxonMobil Beaumont Polyethylene Expansion. Announced in November 2016, ExxonMobil has begun construction on its $1.2 billion expansion at its Polyethylene plant on U.S. 90. Projected completion for the expansion is mid 2019 with an estimated 1,400 industrial construction workers to be employed at the project’s peak. The BPEX project will increase capacity by 65 percent – or approximately 716,502 tons per year. The plant is already at about 1.1 million tons of production a year.

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La Quinta Inn & Suites San Marcos Outlet Mall

  • Strategic Location on Interstate 35. The Property is strategically located just off Interstate 35, directly behind both San Marcos Premium Outlets and Tanger Outlets; featuring 240 designer and name brands stores spread out over 1.2 million square feet of shopping heaven that attract approximately 14 million visitors annually. The outlet mall complex is consistently ranked among the top five most popular tourist attractions in Texas. Texas State University, located four miles from the Property, is the fourth largest university in the state of Texas with an enrollment of over 38,000 students for the 2017 fall semester.
  • Strong Pro Forma Projection. Based on TTM October 2017, the comp. set is operating at an average RevPAR of $70.86, with the leaders being the 108-room Fairfield Inn & Suites Austin San Marcos at $76.43 RevPAR and 108-room Holiday Inn San Marcos San Marcos at $74.74 RevPAR. Looking at the STR report, the submarket: San Marcos/Austin Surrounding, TX has seen a 4.6% increase in demand on YTD October 2017, showing the continued growth in the area. Being the nicest and newest product in the market, the Hotel is expected to quickly ramp up and perform at a $70.95 RevPAR in 2018, leading to $2,201,224 in room revenue and $722,323 net operating income.
  • Replacement Cost Investment. Based on the seller’s construction budget, the replacement cost for this Hotel is more than $107,000 per room. Given the current pricing guidance, this offering presents an investor an excellent opportunity to acquire the Property for replacement cost without having to go through the development process.
  • Growing La Quinta Brand with Del Sol Prototype. The new Del Sol prototype is part of La Quinta’s overall business strategy to innovate for the benefit of their guests and hotel owners. The use of bold shapes, colors and textures creates unique and distinctive elevations on the exterior. The adaptable and scalable footprint optimizes the site and fully maximizes ROI potential. Currently, La Quinta has a construction pipeline of 252 franchise hotels, which represents a 28% increase in total supply showing a significant growth opportunity for the brand.

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Holiday Inn Express & Suites Missouri City – Suga...

  • New construction, estimated to be completed in Q1 2018
  • Opportunity to enter high growth market of Missouri City – Sugar Land area within the Houston Metro
  • Strategically located along State Highway 6 near Sugar Land Town Center
  • Minutes from Minutemaid Headquarters, Schlumberger, Ecolab, Sugar Land Town Center and Stafford Business Park, making it ideal for both business and leisure travelers
  • High barrier to entry market since Sugar Land has a strong restriction against development of limited-service hotels
  • Will be delivered turn-key with no PIP
  • This will be the replacement property for a Holiday Inn Express that performed well in the same market

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Studio 6 Del Rio

  • Absentee Ownership. The property is absentee owned operating with a full staff. Although we believe the payroll expense is in line with this type of hotel, a more hands on owner/operator should be able to do a better job of achieving its fair market share in room revenue within the competitive set through aggressive revenue management.
  • Owners Apartment. The hotel has a two bedroom/two bath 1,200 sq. ft. owners apartment that is located above the front desk area.
  • Outdated Product. The property features 96 total guest rooms, of which only one room is fully renovated per the new Studio 6 design scheme. After completion of a full renovation the property should be able to be more competitive within the market.
  • Increasing Room Revenue. Based on the September 2017 Year-To-Date period the hotel’s room revenue is up 12.7% achieving a RevPAR of $21.80. Based on this current trend, the Hotel is expected to finish 2017 with a room revenue in excess of $700,000.
  • Well Below Replacement Cost. The hotel is priced at $23,958 per room. This per room cost is well below the cost of construction allowing a new investor to acquire the property at a very low basis.
  • Del Rio. Del Rio is the county seat of Val Verde County, Texas and is located 150 miles west of San Antonio. The property is conveniently located off Highway 90 West near the following demand generators: Whitehead Memorial Museum (5 miles), Laughlin AFB (14 miles), Amistad Lake (10 miles), Val Verde Winery (5.5 miles), San Felipe Country Club (4.5 miles), and Paul Poag Theatre (5 miles).

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YB Intel

YB Intel
Data for Decisions: Texas Hotel Revenues and REVPAR Statistics – Visualize Trends by Hotel, City, Zip Code and Franchise.

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