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.