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Hotel-Motel

La Quinta Port Lavaca

910 TX-35, Port Lavaca, TX 77979

Listing Price: $6,500,000

Cap Rate
7.10%
Number of Rooms
57
RevPAR
$82
Gross SF
35,055
Price/Room
$114,035
Price/Gross SF
$185.42
Year Built
2007

Investment Overview

Marcus & Millichap has been chosen to exclusively market for the sale the La Quinta & Suites Port Lavaca in Port Lavaca, Texas. This property is a 3-story, interior corridor hotel with 57 rooms, located 1 mile from the Gulf Coast. La Quinta Port Lavaca was completely renovated in 2021. Hotel guests are welcomed with common area amenities including complimentary breakfast, a business and fitness center, outdoor swimming pool, business center and meeting rooms.

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

  • Recently Renovated in 2021
  • Turnkey Hotel with strong Leisure & Workforce Demand; Preferred for local workforce
  • TripAdvisor's #2 Ranked Hotel in Port Lavaca
  • Property is located 6 Miles (9 Minutes) from Formosa Plastics which generated $8.4B in revenue in 2022

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

La Quinta Port Lavaca

Listing Price: $6,500,000

Cap Rate
7.10%
Number of Rooms
57
RevPAR
$82
Gross SF
35,055
Price/Room
$114,035
Price/Gross SF
$185.42
Year Built
2007

Investment Highlights

  • Recently Renovated in 2021
  • Turnkey Hotel with strong Leisure & Workforce Demand; Preferred for local workforce
  • TripAdvisor's #2 Ranked Hotel in Port Lavaca
  • Property is located 6 Miles (9 Minutes) from Formosa Plastics which generated $8.4B in revenue in 2022

Investment Overview

Marcus & Millichap has been chosen to exclusively market for the sale the La Quinta & Suites Port Lavaca in Port Lavaca, Texas. This property is a 3-story, interior corridor hotel with 57 rooms, located 1 mile from the Gulf Coast. La Quinta Port Lavaca was completely renovated in 2021. Hotel guests are welcomed with common area amenities including complimentary breakfast, a business and fitness center, outdoor swimming pool, business center and meeting rooms. 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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