Hotel-Motel

Holiday Inn

651 Sunrise Blvd, Brownsville, TX 78526

Listing Price: Request For Offer

Number of Rooms
76
RevPAR
$62
Year Built
2007

Investment Overview

Marcus & Millichap has been retained on an exclusive basis by the Owner to offer for sale the Fee Simple Interest in the four-story,76-room Holiday Inn by IHG in Brownville Texas ( Hotel or Property). Built-in 2007, the hotel was fully renovated in 2018, when converted from a Comfort Suites by Choice to Holiday Inn in September 2018.

Despite the CORVID impact on US markets, the Brownsville/McAllen market has strong room night demand. For the last 90 days, the Hotel achieved a 90% Occupancy with a $97 ADR and the competitive set performance was 92% Occupancy with a $92 ADR.

Having been built as a Comfort Suites, the Property features an expanded offering of suite rooms with separate seating, sofa bed options, and microwaves with mini-refrigerators in all rooms. The Sunset Bar & Grill provides expanded outdoor seating options complementing the outdoor pool area. in combination with the South Texas climate, this is ideal year-round for those guests seeking social distancing.

This is an excellent opportunity to acquire a recently renovated property with a strong consumer brand in a top US hotel demand market.

Investment Highlights

  • Fully Renovated In 2018 Conversion To Holiday Inn
  • Top Performing Submarket 90% Occupancy with mid $80 RevPAR last 90 days
  • Expanded F&B Outdoor Seating Area Adjacent to Outdoor Pool
  • Expanded Rooms With Separate Seating And Sofa Beds in suites

Exclusively Listed By

  • Keith Worsham

    Senior Vice President Investments

    Email Keith

    License(s): GA: 267014

    Atlanta

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

Listing Price: Request For Offer

Number of Rooms
76
RevPAR
$62
Year Built
2007

Investment Highlights

  • Fully Renovated In 2018 Conversion To Holiday Inn
  • Top Performing Submarket 90% Occupancy with mid $80 RevPAR last 90 days
  • Expanded F&B Outdoor Seating Area Adjacent to Outdoor Pool
  • Expanded Rooms With Separate Seating And Sofa Beds in suites

Investment Overview

Marcus & Millichap has been retained on an exclusive basis by the Owner to offer for sale the Fee Simple Interest in the four-story,76-room Holiday Inn by IHG in Brownville Texas ( Hotel or Property). Built-in 2007, the hotel was fully renovated in 2018, when converted from a Comfort Suites by Choice to Holiday Inn in September 2018.

Despite the CORVID impact on US markets, the Brownsville/McAllen market has strong room night demand. For the last 90 days, the Hotel achieved a 90% Occupancy with a $97 ADR and the competitive set performance was 92% Occupancy with a $92 ADR.

Having been built as a Comfort Suites, the Property features an expanded offering of suite rooms with separate seating, sofa bed options, and microwaves with mini-refrigerators in all rooms. The Sunset Bar & Grill provides expanded outdoor seating options complementing the outdoor pool area. in combination with the South Texas climate, this is ideal year-round for those guests seeking social distancing.

This is an excellent opportunity to acquire a recently renovated property with a strong consumer brand in a top US hotel demand market.

Exclusively Listed By

  • Keith Worsham

    Senior Vice President Investments

    Email Keith

    License(s): GA: 267014

    Atlanta

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    License(s): TX: 9002994

    Texas

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