Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Super 8 by Wyndham Victoria/South/Hwy 59 (‘Hotel’ or ‘Property’) located in Victoria, Texas. The Wyndham Hotels & Resorts-branded Hotel is offered at $3,400,000 or $66,667 per key. The Super 8 by Wyndham Victoria/South/Hwy 59 is a 51-room, two-story Hotel stationed at 3103 US-59 in Victoria, Texas, just off Highway 59. Various common area amenities at the Property include an on-site guest laundry facility, business center, indoor pool, and breakfast area. Victoria, Texas is located about 30 miles from the Gulf of Mexico and an equal distance from Corpus Christi, Houston, San Antonio, and Austin. Victoria has a wide range of activities and entertainment venues in proximity to the city. Visitors can enjoy a day at The Texas Zoo (5.2 miles), which is home to a variety of animals from around the world or explore the history and culture of Victoria County through exhibits and displays at the Museum of Coastal Bend. Victoria is also home to the Nave Museum, a contemporary art museum located in a restored 1930s mansion as well as Riverside Park, a scenic sport on the Guadalupe River with walking trails, picnic areas, and playgrounds. Victoria’s prime location promotes a healthy economy, which is supported by education, health, retail, agriculture, and industry sectors. The cities’ healthy environment for businesses is because of the major highways, Victoria Regional Airport (8.8 miles), railway terminals, Port of Victoria (7.6 miles), and Port of Port Lavaca (26.0 miles), which help local businesses connect to larger economic hubs. The Hotel benefits from its proximity to businesses such as Baker Hughes (6.3 miles), Caterpillar (7.3 miles), Dow Chemical (22.8 miles), Formosa Plastics (34.5 miles), Halliburton (8.7 miles), Invista-Koch (7.5 miles), and Performance Food Group (3.3 miles). Room demand can further be attributed to DeTar Hospital and Citizens Medical Center, which are both under ten miles from the Property. The Hotel is expected to reach $688,000 in revenue as of year-end 2023. Twelve-month ADR in the Texas South Area hotel submarket increased 4 percent from the previous year. A prospective buyer should be able to take advantage of the value-add asset’s performance against the STR comp set the Hotel is expected outpace in the first year.