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Hotel-Motel

Family Garden Inn Laredo

5830 San Bernardo Ave, Laredo, TX 78041

Listing Price: $8,700,000

Cap Rate
16.63%
Number of Rooms
163
RevPAR
$66
Price/Room
$53,374
RRM
2.22
Year Built
1988

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Family Garden Inn & Suites Laredo (‘Hotel’ or ‘Property’). The independent Hotel is offered at $8,700,000 or $53,374 per key. The Family Garden Inn & Suites Laredo maintains a combined 163 rooms and 4.66 acres split between two buildings: the main building and garden building. The main building is a 92-room Hotel located at 5830 San Bernardo Ave, while the garden building is a 71-room Hotel located at 5820 San Bernardo Ave, with a manager’s apartment for each Property. Each building is equipped with a wide variety of common area amenities, such as an outdoor pool, garden waterfall, playground, cabana, three hot tubs, breakfast area, and a 24-hour market. The tenth-largest city in Texas with more than 260,000 residents, Laredo is the third-most populated in the U.S. Mexico border, behind San Diego and El Paso. Laredo is a massive international trade hub with the regional economy heavily relying on the United States conducting business with its largest trading partner Mexico. Utilizing four international bridges and one railway bridge, Laredo is the largest border for crossing goods between the United States and Mexico, recently surpassing Los Angeles as the largest port in the country. On average, the port supports more than two million eighteen-wheelers on Laredo’s international bridges each year, transporting everything from automobile parts to vegetables. Outside of the city’s robust economy, Laredo is also a major destination for festivals, sports games, and local events. Annually, the city hosts hundreds of thousands of spectators at the Laredo Birding Festival and a Mardi Gras-like celebration of George Washington’s birthday, Washington’s Birthday Celebration, which includes pageants, balls, and parades. Laredo is also home to a philharmonic orchestra, a semiprofessional soccer team, and Texas A&M International University, which has an enrollment of 7,600 students. Lastly, the Laredo International Airport is less than 5 miles from the Property and has daily flights commuting to several regions such as Dallas, Fort Worth, Houston, and Las Vegas. In the trailing twelve-month period ending in September 2022, the Property has achieved more than $3.92 million in room revenue while maintaining a net operating income exceeding $1.44 million, or 36.8 percent of gross revenues, after a four percent capital replacement reserve. Pridefully owned and well-maintained, the Hotel has undergone significant renovations to increase property value through various capital improvements. A new owner can take advantage of the Hotel’s high cash flow by capitalizing on its prime location near the international bridge and proximity to a wide range of demand generators.

Investment Highlights

  • Two-Story, Two-Building, 163-Room, Recently Renovated, Independent Hotel
  • Attractively Priced at $53,374 Per Key at a 16.63% Cap Rate with a 2.22 Room Revenue Multiplier
  • Two Manager's Quarters Comprised of Three Bedrooms and Full Kitchen
  • Prime Location near International Bridge and 5 Miles from Laredo International Airport
  • Highly Visible and Easily Accessible from Interstate 35
  • Surrounded by a Diverse Array of Nationally Acclaimed Retailers, Restaurants, and Entertainment Amenities

Exclusively Listed By

Financing By

Hotel-Motel

Family Garden Inn Laredo

Listing Price: $8,700,000

Cap Rate
16.63%
Number of Rooms
163
RevPAR
$66
Price/Room
$53,374
RRM
2.22
Year Built
1988

Investment Highlights

  • Two-Story, Two-Building, 163-Room, Recently Renovated, Independent Hotel
  • Attractively Priced at $53,374 Per Key at a 16.63% Cap Rate with a 2.22 Room Revenue Multiplier
  • Two Manager's Quarters Comprised of Three Bedrooms and Full Kitchen
  • Prime Location near International Bridge and 5 Miles from Laredo International Airport
  • Highly Visible and Easily Accessible from Interstate 35
  • Surrounded by a Diverse Array of Nationally Acclaimed Retailers, Restaurants, and Entertainment Amenities

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Family Garden Inn & Suites Laredo (‘Hotel’ or ‘Property’). The independent Hotel is offered at $8,700,000 or $53,374 per key. The Family Garden Inn & Suites Laredo maintains a combined 163 rooms and 4.66 acres split between two buildings: the main building and garden building. The main building is a 92-room Hotel located at 5830 San Bernardo Ave, while the garden building is a 71-room Hotel located at 5820 San Bernardo Ave, with a manager’s apartment for each Property. Each building is equipped with a wide variety of common area amenities, such as an outdoor pool, garden waterfall, playground, cabana, three hot tubs, breakfast area, and a 24-hour market. The tenth-largest city in Texas with more than 260,000 residents, Laredo is the third-most populated in the U.S. Mexico border, behind San Diego and El Paso. Laredo is a massive international trade hub with the regional economy heavily relying on the United States conducting business with its largest trading partner Mexico. Utilizing four international bridges and one railway bridge, Laredo is the largest border for crossing goods between the United States and Mexico, recently surpassing Los Angeles as the largest port in the country. On average, the port supports more than two million eighteen-wheelers on Laredo’s international bridges each year, transporting everything from automobile parts to vegetables. Outside of the city’s robust economy, Laredo is also a major destination for festivals, sports games, and local events. Annually, the city hosts hundreds of thousands of spectators at the Laredo Birding Festival and a Mardi Gras-like celebration of George Washington’s birthday, Washington’s Birthday Celebration, which includes pageants, balls, and parades. Laredo is also home to a philharmonic orchestra, a semiprofessional soccer team, and Texas A&M International University, which has an enrollment of 7,600 students. Lastly, the Laredo International Airport is less than 5 miles from the Property and has daily flights commuting to several regions such as Dallas, Fort Worth, Houston, and Las Vegas. In the trailing twelve-month period ending in September 2022, the Property has achieved more than $3.92 million in room revenue while maintaining a net operating income exceeding $1.44 million, or 36.8 percent of gross revenues, after a four percent capital replacement reserve. Pridefully owned and well-maintained, the Hotel has undergone significant renovations to increase property value through various capital improvements. A new owner can take advantage of the Hotel’s high cash flow by capitalizing on its prime location near the international bridge and proximity to a wide range of demand generators.

Exclusively Listed By

Financing By

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