Hotel-Motel

Yonder Inn Beeville

2201 N Frontage Rd, Beeville, TX 78102

Listing Price: Request For Offer

Number of Rooms
79
RevPAR
$18
Gross SF
76,894
Year Built
2014

Investment Overview

Marcus & Millichap's National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale to qualified investors the Yonder Inn Beeville. As a lender approved Short Sale, the independent hotel is being sold on a Call for Offers basis. Constructed in 2014, the property is on the northside of Beeville on Highway 181 along the frontage road.

This 79-room hotel presents a new owner the opportunity to acquire a hospitality asset below replacement cost. The hotel is well-equipped with favorable amenities such as an outdoor pool, on-site bar, and business center. The property room mix includes both regular and extended stay units.

Historically, the hotel has achieved room revenues greater than $800K, but due to COVID-19, the subject property has experienced a decline in revenues over the trailing-12-month period. By focusing on operational efficiency, a new owner should be able to reposition, stabilize, and capitalize on positive cash flow from this property. Although the property is the most recently built amongst its comp set, it is only operating at 59 percent of the RevPAR index. The hotel is well-kept with little deferred maintenance. A hotelier can convert the property to a branded franchise, capitalize on loyalty bookings, and maximize market share.

The expenses include provisions for a four percent reserve for capital replacement. The subject property is fee simple, unencumbered by a management contract and debt.

Investment Highlights

  • 79-Room, Interior Corridor, Independent Hotel Built in 2014
  • LENDER SHORT SALE Offered Significantly Below Replacement Cost
  • Absentee Ownership
  • Well-Maintained Asset with Little Deferred Maintenance
  • 59 Percent RevPAR Index with Significant Upside to Increase Room Revenue
  • Property Sits on Large Plot of Land Approximately 3.04 Acres

Exclusively Listed By

Listing Price: Request For Offer

Number of Rooms
79
RevPAR
$18
Gross SF
76,894
Year Built
2014

Investment Highlights

  • 79-Room, Interior Corridor, Independent Hotel Built in 2014
  • LENDER SHORT SALE Offered Significantly Below Replacement Cost
  • Absentee Ownership
  • Well-Maintained Asset with Little Deferred Maintenance
  • 59 Percent RevPAR Index with Significant Upside to Increase Room Revenue
  • Property Sits on Large Plot of Land Approximately 3.04 Acres

Investment Overview

Marcus & Millichap's National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale to qualified investors the Yonder Inn Beeville. As a lender approved Short Sale, the independent hotel is being sold on a Call for Offers basis. Constructed in 2014, the property is on the northside of Beeville on Highway 181 along the frontage road.

This 79-room hotel presents a new owner the opportunity to acquire a hospitality asset below replacement cost. The hotel is well-equipped with favorable amenities such as an outdoor pool, on-site bar, and business center. The property room mix includes both regular and extended stay units.

Historically, the hotel has achieved room revenues greater than $800K, but due to COVID-19, the subject property has experienced a decline in revenues over the trailing-12-month period. By focusing on operational efficiency, a new owner should be able to reposition, stabilize, and capitalize on positive cash flow from this property. Although the property is the most recently built amongst its comp set, it is only operating at 59 percent of the RevPAR index. The hotel is well-kept with little deferred maintenance. A hotelier can convert the property to a branded franchise, capitalize on loyalty bookings, and maximize market share.

The expenses include provisions for a four percent reserve for capital replacement. The subject property is fee simple, unencumbered by a management contract and debt.

Exclusively Listed By

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