651 Sunrise Blvd, Brownsville, TX 78526
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.
License(s): TX: 9002994
Texas
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.
License(s): TX: 9002994
Texas
