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Hotel-Motel

Clarion Pointe Galveston

2300 Seawall Blvd, Galveston, TX 77550

Listing Price: $15,000,000

Cap Rate
9.20%
Number of Rooms
125
RevPAR
$78
Gross SF
73,420
Price/Room
$120,000
RRM
4.20
Price/Gross SF
$204.30
Year Built
1985

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Clarion Pointe Galveston Seawall, a five-story interior corridor hotel located in the coastal Houston, TX suburb of Galveston. The property was recently renovated in 2022, and recent CapEx costs are valued at approximately $950k. The hotel's 125 well-appointed guest rooms offer ocean views, 42" flat-screen TVs, work desk and open wardrobe closet. Select suites offer a separate living area, balcony and/or sofa bed. Hotel amenities include an onsite bar/lounge, heated outdoor pool, poolside bar, beach access, fitness center and full buffet breakfast. Business amenities include a business center and 1,800 square feet of meeting space. The Clarion Pointe Galveston Seawall is a beach-front property ideally located less than 1 mile from the Port of Galveston, which is the 4th-largest cruise port in the U.S. The port is home to cruise lines including Royal Caribbean, Carnival Cruise and Disney Cruise. The property is also near Texas A&M University at Galveston and a medical campus home to University of Texas Medical Branch, John Sealy Hospital and Shriners Hospital for Children. The Clarion Pointe Galveston Seawall represents the opportunity to acquire an newly renovated hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the Gulf Coast region.

Investment Highlights

  • Fully Renovated in 2022
  • Recent CapEx Costs Valued at ~$950k
  • Irreplaceable Beach-Front Location, Near Several Beaches and Tourist Attractions
  • Less Than a Mile from the Port of Galveston, the 4th-Largest Cruise Port in the U.S.
  • 5 Miles to Scholes International Airport

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Hotel-Motel

Clarion Pointe Galveston

Listing Price: $15,000,000

Cap Rate
9.20%
Number of Rooms
125
RevPAR
$78
Gross SF
73,420
Price/Room
$120,000
RRM
4.20
Price/Gross SF
$204.30
Year Built
1985

Investment Highlights

  • Fully Renovated in 2022
  • Recent CapEx Costs Valued at ~$950k
  • Irreplaceable Beach-Front Location, Near Several Beaches and Tourist Attractions
  • Less Than a Mile from the Port of Galveston, the 4th-Largest Cruise Port in the U.S.
  • 5 Miles to Scholes International Airport

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Clarion Pointe Galveston Seawall, a five-story interior corridor hotel located in the coastal Houston, TX suburb of Galveston. The property was recently renovated in 2022, and recent CapEx costs are valued at approximately $950k. The hotel's 125 well-appointed guest rooms offer ocean views, 42" flat-screen TVs, work desk and open wardrobe closet. Select suites offer a separate living area, balcony and/or sofa bed. Hotel amenities include an onsite bar/lounge, heated outdoor pool, poolside bar, beach access, fitness center and full buffet breakfast. Business amenities include a business center and 1,800 square feet of meeting space. The Clarion Pointe Galveston Seawall is a beach-front property ideally located less than 1 mile from the Port of Galveston, which is the 4th-largest cruise port in the U.S. The port is home to cruise lines including Royal Caribbean, Carnival Cruise and Disney Cruise. The property is also near Texas A&M University at Galveston and a medical campus home to University of Texas Medical Branch, John Sealy Hospital and Shriners Hospital for Children. The Clarion Pointe Galveston Seawall represents the opportunity to acquire an newly renovated hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the Gulf Coast region.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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