Investment Overview

Marcus & Millichap has been chosen to exclusively market for the sale the Holiday Inn Express & Suites Port Lavaca in Port Lavaca, Texas. This property is a 3-story, interior corridor hotel with 79 rooms, located directly on the water of the Gulf Coast. Holiday Inn Express Port Lavaca is completely renovated with a formula blue PIP completed in 2019 and over $150K spent since the current owner's acquisition in 2022. Hotel guests are welcomed with common area amenities including complimentary breakfast, a business and fitness center, outdoor swimming pool, gazebo and BBQ grills. Port Lavaca is most commonly known for their presence in the plastics manufacturing industry. The property is located less than 10 minutes from Formosa Plastics, which generated $8.4B in revenue in 2022 and is 1 of just 3 major manufacturers in the U.S. Holiday Inn Express & Suites Port Lavaca is the preferred hotel for the local workforce as well as the leisure travelers visiting Port Lavaca for the beaches and popular saltwater fishing excursions.