Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Americas Best Value Inn Laredo (‘Hotel’ or ‘Property’). The Sonesta International Hotels Corporation-branded Hotel is offered at $4,305,000 or $28,700 per key. The Americas Best Value Inn Laredo is a two-story hotel with 150 rooms spread across three buildings stationed at 5240 San Bernardo Avenue, just off Interstate 35. Additionally, the hotel features a breakfast area, outdoor pool, picnic area, outdoor grill, business center, and two meeting rooms with 3,030 square feet of total space. A potential upside exists with 40 rooms in one building that can be converted into multi-family units or offering short-term or annual rentals. With absentee ownership managing staff, the offering presents an opportunity for a hands-on, owner-operator to increase value. The tenth-largest city in Texas with more than 260,000 residents, Laredo is the third-most populated along the U.S. Mexico border, behind San Diego and El Paso. Laredo is a massive international trade hub with the regional economy heavily relying on the United States conducting business with its largest trading partner Mexico. Utilizing four international bridges and one railway bridge, Laredo is the largest border for crossing goods between the United States and Mexico, recently surpassing Los Angeles as the largest port in the country. On average, the port supports more than two million eighteen-wheelers on Laredo’s international bridges each year, transporting everything from automobile parts to vegetables. Outside of the city’s robust economy, Laredo is also a major destination for festivals, sports games, and local events. Annually, the city hosts hundreds of thousands of spectators at the Laredo Birding Festival and Washington’s Birthday Celebration, a Mardi Gras-like celebration of George Washington’s birthday that includes pageants, balls, and parades. Downtown Laredo has stood as a cornerstone of the city’s economy for decades with a robust business district with several shops. Laredo is also home to a philharmonic orchestra, a semi-professional soccer team, and Texas A&M International University, which has an enrollment of over 8,400 students. Lastly, Laredo International Airport is six miles from the Property and has daily flights commuting to several regions such as Dallas, Fort Worth, Houston, and Las Vegas.