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Hotel-Motel

Holiday Inn Express & Suites Port Lavaca

2629 TX-35, Port Lavaca, TX 77979

Listing Price: $11,400,000

Cap Rate
9.00%
Number of Rooms
79
RevPAR
$98
Gross SF
30,405
Price/Room
$144,304
Price/Gross SF
$374.94
Year Built
2010

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.

Investment Highlights

  • Formula Blue PIP Completed in 2019 with an Additional $150K Spent After Completion of the Renovation
  • Turnkey Hotel with Strong Leisure & Workforce Demand; Preferred Hotel for the Local Workforce
  • Port Lavaca is a Major Hub for Oil & Gas Drilling and Plastics Manufacturing
  • Property is Located 7 Miles from Formosa Plastics which Generated $8.4B in Revenue in 2022. 1 of 3 Manufacturing Plants Nationwide
  • Trip Advisor's #1 Hotel in Port Lavaca

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Hotel-Motel

Holiday Inn Express & Suites Port Lavaca

Listing Price: $11,400,000

Cap Rate
9.00%
Number of Rooms
79
RevPAR
$98
Gross SF
30,405
Price/Room
$144,304
Price/Gross SF
$374.94
Year Built
2010

Investment Highlights

  • Formula Blue PIP Completed in 2019 with an Additional $150K Spent After Completion of the Renovation
  • Turnkey Hotel with Strong Leisure & Workforce Demand; Preferred Hotel for the Local Workforce
  • Port Lavaca is a Major Hub for Oil & Gas Drilling and Plastics Manufacturing
  • Property is Located 7 Miles from Formosa Plastics which Generated $8.4B in Revenue in 2022. 1 of 3 Manufacturing Plants Nationwide
  • Trip Advisor's #1 Hotel in Port Lavaca

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.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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