Hotel-Motel

La Quinta Inn & Suites

805 Travis St, Mission, TX 78572

Listing Price: Request For Offer

Number of Rooms
71
RevPAR
$50
Gross SF
40,662
Year Built
2006

Investment Overview

The LaQuinta Inn & Suites provides the investor a fully renovated property (2018) in one of the strongest demand submarkets of the country. In the weekly STR updates, the McAllen metro area is often highlighted as a Top 5 performer with occupancies in the high 70's to low 80's.
In August, the property and the McAllen submarket achieved Occupancy of 82%. The LaQuinta and the midscale submarket attained $91 ADRs. On a TTM basis, the hotel's occupancy is less than 6% down vs prior year with ADR up 12% for a net increase of 5% in RevPAR vs the prior year.
The location along I-2 provides excellent visibility and easy on-off interstate access. In addition to the renovated rooms, demand is enhanced with an outdoor pool, fitness center, and meeting room.
To facilitate an investor's acquisition, ownership is willing to consider financing for qualified buyers.


Investment Highlights

  • Strong Q3 Market Rebound- 82% Occ. in August
  • Fully Renovated in 2018, minimal PIP anticipated
  • Owner Financing Available

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

Hotel-Motel

La Quinta Inn & Suites

Listing Price: Request For Offer

Number of Rooms
71
RevPAR
$50
Gross SF
40,662
Year Built
2006

Investment Highlights

  • Strong Q3 Market Rebound- 82% Occ. in August
  • Fully Renovated in 2018, minimal PIP anticipated
  • Owner Financing Available

Investment Overview

The LaQuinta Inn & Suites provides the investor a fully renovated property (2018) in one of the strongest demand submarkets of the country. In the weekly STR updates, the McAllen metro area is often highlighted as a Top 5 performer with occupancies in the high 70's to low 80's.
In August, the property and the McAllen submarket achieved Occupancy of 82%. The LaQuinta and the midscale submarket attained $91 ADRs. On a TTM basis, the hotel's occupancy is less than 6% down vs prior year with ADR up 12% for a net increase of 5% in RevPAR vs the prior year.
The location along I-2 provides excellent visibility and easy on-off interstate access. In addition to the renovated rooms, demand is enhanced with an outdoor pool, fitness center, and meeting room.
To facilitate an investor's acquisition, ownership is willing to consider financing for qualified buyers.


Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

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