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Hotel-Motel

Texas Three-Property Portfolio

2910 S Cowhorn Creek Loop, Texarkana, TX 75503

Listing Price: Request For Offer

Number of Rooms
342
RevPAR
$88
Gross SF
511,394
Year Built
2012

Investment Overview

Portfolio Offering - Overview As the exclusive representative of the seller, Marcus & Millichap’s National Hospitality Division is pleased to present for sale to qualified investors the 342-room Three Property Portfolio in Texas (‘Hotels’, ‘Properties’, or ‘Portfolio’) including the Hilton Garden Inn Texarkana, the Holiday Inn Express & Suites Port Arthur, and the TownePlace Suites Beaumont Port Arthur. The Portfolio provides a diverse mix of well-positioned assets with exceptional brands in secondary growth markets within the state of Texas. Individually, each Hotel outperformed its STR-defined market competitive set and are trending to remain top performers in the coming years. Over 76 percent of rooms were occupied in 2021 throughout the Portfolio resulting in more than $11.65 million of total revenues and a net operating income of over $3.8 million. Collectively, the Portfolio benefits from strong in-place cash flows, limited new supply threats, and best-in-class brand affiliation. The set of high-quality Hotels offer potential investors the opportunity to acquire cash-flowing cap-rate based acquisitions and scale immediately in the highly desirable state of Texas while capitalizing on RevPAR growth trends that are expected to continue into the future. Each Hotel maintains a premium brand affiliation with Hilton Worldwide, Marriott International, and InterContinental Hotels Group. These three brands are the most trusted in the hospitality industry and offer great benefits for owners and guests alike, such as powerful reservation systems and strong brand loyalty. Port Arthur - Overview Holiday Inn Express & Suites Port Arthur & TownePlace Suites Beaumont Port Arthur are both located in Port Arthur, Texas. Port Arthur is a high-growth market that contributes substantially to Texas’ total international trade, with approximately $261 billion of seaport trade annually. Situated near Sabine Lake and the Gulf of Mexico, Port Arthur is pivotal to the state’s transportation network, contributing to both state and local economies throughout Texas. Leading industries such as oil, gas, and international trade account for substantial economic activity in the region. Accounting for nearly 102,000 jobs in Texas, the Port of Port Arthur is linked to approximately $15.4 billion in the state’s gross domestic product (GDP). Located just over an hour east of Houston, Port Arthur is home to the Motive Refinery, the largest oil refinery in the United States, as well as Exxon Mobile, Valero, and Texaco operations. Several major highways, a regional airport, rail services, and access to major ports like the Port of Houston and the Port of Port Arthur connect the Beaumont-Port Arthur MSA to global commerce, allowing businesses to continuously flourish in the area. Texarkana - Overview Hilton Garden Inn Texarkana is located in Texarkana, Texas, and benefits from conference, business, and a variety of leisure demands generated in the immediate area. The Texarkana Conference Center, owned by the City of Texarkana and located adjacent to the Hotel, has more than 26,000 square feet of interior event space including a large ballroom and 5,600 square feet of outdoor event space. Each year, contract and banquet business from various conferences generate supplementary income at the Hilton Garden Inn Texarkana. The city of Texarkana is situated on the Texas-Arkansas border in eastern Texas, with a twin city across the border. Major business clusters include food processing and manufacturing, with employers including AECOM, DLA Distribution, Domtar, Graphic Packaging International, Red River Army Depot, Smith-Blair, and Sterno Products. Low tax rates, a skilled workforce, and a strategic transportation infrastructure cultivate healthy business growth in Texarkana.

Investment Highlights

  • Hilton Garden Inn Texarkana: 154-Room, Select-Service Hotel & Conference Center with over 26,000 Square Feet of Interior Event Space and 5,600 Square Feet of Outdoor Space
  • Holiday Inn Express & Suites Port Arthur: 92-Room, Upper-Midscale, Limited-Service Hotel
  • TownePlace Suites Beaumont Port Arthur: 96-Room, Upper-Midscale, Extended-Stay Hotel
  • Portfolio Includes Well-Known Franchise Affiliations Including Hilton Worldwide, InterContinental Hotel's Group (IHG), and Marriott International
  • Prime Locations: Hilton Garden Inn Texarkana Located off Interstate 30, Holiday Inn Express & Suites Port Arthur and TownePlace Suites Beaumont Port Arthur Both Located off Highway 287
  • Portfolio Achieved Twelve-Month Revenues over $11.65 Million Through Year-End 2021
  • Consistent Year-Over-Year RevPAR growth in Both Texarkana MSA and Beaumont-Port Arthur MSA

Exclusively Listed By

Hotel-Motel

Texas Three-Property Portfolio

Listing Price: Request For Offer

Number of Rooms
342
RevPAR
$88
Gross SF
511,394
Year Built
2012

Investment Highlights

  • Hilton Garden Inn Texarkana: 154-Room, Select-Service Hotel & Conference Center with over 26,000 Square Feet of Interior Event Space and 5,600 Square Feet of Outdoor Space
  • Holiday Inn Express & Suites Port Arthur: 92-Room, Upper-Midscale, Limited-Service Hotel
  • TownePlace Suites Beaumont Port Arthur: 96-Room, Upper-Midscale, Extended-Stay Hotel
  • Portfolio Includes Well-Known Franchise Affiliations Including Hilton Worldwide, InterContinental Hotel's Group (IHG), and Marriott International
  • Prime Locations: Hilton Garden Inn Texarkana Located off Interstate 30, Holiday Inn Express & Suites Port Arthur and TownePlace Suites Beaumont Port Arthur Both Located off Highway 287
  • Portfolio Achieved Twelve-Month Revenues over $11.65 Million Through Year-End 2021
  • Consistent Year-Over-Year RevPAR growth in Both Texarkana MSA and Beaumont-Port Arthur MSA

Investment Overview

Portfolio Offering - Overview As the exclusive representative of the seller, Marcus & Millichap’s National Hospitality Division is pleased to present for sale to qualified investors the 342-room Three Property Portfolio in Texas (‘Hotels’, ‘Properties’, or ‘Portfolio’) including the Hilton Garden Inn Texarkana, the Holiday Inn Express & Suites Port Arthur, and the TownePlace Suites Beaumont Port Arthur. The Portfolio provides a diverse mix of well-positioned assets with exceptional brands in secondary growth markets within the state of Texas. Individually, each Hotel outperformed its STR-defined market competitive set and are trending to remain top performers in the coming years. Over 76 percent of rooms were occupied in 2021 throughout the Portfolio resulting in more than $11.65 million of total revenues and a net operating income of over $3.8 million. Collectively, the Portfolio benefits from strong in-place cash flows, limited new supply threats, and best-in-class brand affiliation. The set of high-quality Hotels offer potential investors the opportunity to acquire cash-flowing cap-rate based acquisitions and scale immediately in the highly desirable state of Texas while capitalizing on RevPAR growth trends that are expected to continue into the future. Each Hotel maintains a premium brand affiliation with Hilton Worldwide, Marriott International, and InterContinental Hotels Group. These three brands are the most trusted in the hospitality industry and offer great benefits for owners and guests alike, such as powerful reservation systems and strong brand loyalty. Port Arthur - Overview Holiday Inn Express & Suites Port Arthur & TownePlace Suites Beaumont Port Arthur are both located in Port Arthur, Texas. Port Arthur is a high-growth market that contributes substantially to Texas’ total international trade, with approximately $261 billion of seaport trade annually. Situated near Sabine Lake and the Gulf of Mexico, Port Arthur is pivotal to the state’s transportation network, contributing to both state and local economies throughout Texas. Leading industries such as oil, gas, and international trade account for substantial economic activity in the region. Accounting for nearly 102,000 jobs in Texas, the Port of Port Arthur is linked to approximately $15.4 billion in the state’s gross domestic product (GDP). Located just over an hour east of Houston, Port Arthur is home to the Motive Refinery, the largest oil refinery in the United States, as well as Exxon Mobile, Valero, and Texaco operations. Several major highways, a regional airport, rail services, and access to major ports like the Port of Houston and the Port of Port Arthur connect the Beaumont-Port Arthur MSA to global commerce, allowing businesses to continuously flourish in the area. Texarkana - Overview Hilton Garden Inn Texarkana is located in Texarkana, Texas, and benefits from conference, business, and a variety of leisure demands generated in the immediate area. The Texarkana Conference Center, owned by the City of Texarkana and located adjacent to the Hotel, has more than 26,000 square feet of interior event space including a large ballroom and 5,600 square feet of outdoor event space. Each year, contract and banquet business from various conferences generate supplementary income at the Hilton Garden Inn Texarkana. The city of Texarkana is situated on the Texas-Arkansas border in eastern Texas, with a twin city across the border. Major business clusters include food processing and manufacturing, with employers including AECOM, DLA Distribution, Domtar, Graphic Packaging International, Red River Army Depot, Smith-Blair, and Sterno Products. Low tax rates, a skilled workforce, and a strategic transportation infrastructure cultivate healthy business growth in Texarkana.

Exclusively Listed By

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