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Hotel-Motel

Hilton Garden Inn McAllen Airport

617 W Expy 83, McAllen, TX 78503

Listing Price: Request For Offer

RevPAR
$78
Gross SF
60,000
Year Built
2000

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee-simple interest in the 104-unit, Hilton Garden Inn located in McAllen, Texas. This well-appointed hotel was constructed in 2000 and is being offered well below replacement costs with the ability to retain the current franchise. All rooms offer contemporary décor and custom-designed beds, plus flat-screen TVs with premium cable channels, microwaves, minifridges, desks with ergonomic chairs, and free Wi-Fi. Suites add separate living areas with pull-out sofas, and some have whirlpool tubs. A cooked-to-order breakfast is available (fee), and there is a lounge and 24/7 convenience store. There is also a fitness center, an outdoor pool and a whirlpool. Additional amenities include 2 meeting rooms and a business center, plus free parking. Next to I-2/Highway 83, the hotel is less than 10 minutes from McAllen International Airport, three miles of La Plaza Mall, Quinta Mazatlan estate and gardens, and McAllen Convention Center. McAllen is the largest city in Hidalgo County, Texas, United States, and the 21st-most populous city in Texas. As if 2019, McAllen’s population was estimated to be 143,268 and it is the fifth-most populous metropolitan area in the state of Texas. The hotel is centrally located near the 6 campuses of South Texas College, including the 2 campuses in McCallen. South Texas College is a public community college in the Rio Grande Valley region of South Texas with an annual enrollment of approximately 31,000 students and a staff of 1,6000 working across six campuses. The Texas A&M University Higher Education Center at McAllen enrolls over 60,000 students each year. The focal point of economic activity in McAllen has shifted from agriculture to international trade, health care, retail, and tourism. McAllen is within the limits of Hidalgo County which exists within the maquiladora zone, which is a free trade zone between the United States and Mexico manufacturers. The McAllen foreign trade zone number 12 is the number one inland or non-seaport foreign trade zone in the United States. Under U.S. and Mexican laws and NAFTA provisions, the FTZ designation offers specific cost-saving opportunities to manufacturers. South Texas Health System (STHS) is a regional multi-hospital system that has earned a reputation for excellence in providing quality healthcare to residents of the Rio Grande Valley. The Hilton Garden Inn is conveniently located less than one mile from the Rio Grande hospital, McAllen hospital, and the Hart hospital.

Investment Highlights

  • Fee simple interest in the 104-unit, Hilton Garden Inn located in McAllen, Texas
  • Well positioned under 1 mile from Rio Grande Regional Hospital as well as South Texas Health System McAllen
  • Next to I-2/Highway 83 | Located 2 miles from McAllen Airport and under 5 miles from the McAllen Foreign Trade Zone
  • Strategically located within walking distance to many restaurants and retailers
  • Offered unencumbered of debt and management with the ability to retain the current franchise

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Hotel-Motel

Hilton Garden Inn McAllen Airport

Listing Price: Request For Offer

RevPAR
$78
Gross SF
60,000
Year Built
2000

Investment Highlights

  • Fee simple interest in the 104-unit, Hilton Garden Inn located in McAllen, Texas
  • Well positioned under 1 mile from Rio Grande Regional Hospital as well as South Texas Health System McAllen
  • Next to I-2/Highway 83 | Located 2 miles from McAllen Airport and under 5 miles from the McAllen Foreign Trade Zone
  • Strategically located within walking distance to many restaurants and retailers
  • Offered unencumbered of debt and management with the ability to retain the current franchise

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee-simple interest in the 104-unit, Hilton Garden Inn located in McAllen, Texas. This well-appointed hotel was constructed in 2000 and is being offered well below replacement costs with the ability to retain the current franchise. All rooms offer contemporary décor and custom-designed beds, plus flat-screen TVs with premium cable channels, microwaves, minifridges, desks with ergonomic chairs, and free Wi-Fi. Suites add separate living areas with pull-out sofas, and some have whirlpool tubs. A cooked-to-order breakfast is available (fee), and there is a lounge and 24/7 convenience store. There is also a fitness center, an outdoor pool and a whirlpool. Additional amenities include 2 meeting rooms and a business center, plus free parking. Next to I-2/Highway 83, the hotel is less than 10 minutes from McAllen International Airport, three miles of La Plaza Mall, Quinta Mazatlan estate and gardens, and McAllen Convention Center. McAllen is the largest city in Hidalgo County, Texas, United States, and the 21st-most populous city in Texas. As if 2019, McAllen’s population was estimated to be 143,268 and it is the fifth-most populous metropolitan area in the state of Texas. The hotel is centrally located near the 6 campuses of South Texas College, including the 2 campuses in McCallen. South Texas College is a public community college in the Rio Grande Valley region of South Texas with an annual enrollment of approximately 31,000 students and a staff of 1,6000 working across six campuses. The Texas A&M University Higher Education Center at McAllen enrolls over 60,000 students each year. The focal point of economic activity in McAllen has shifted from agriculture to international trade, health care, retail, and tourism. McAllen is within the limits of Hidalgo County which exists within the maquiladora zone, which is a free trade zone between the United States and Mexico manufacturers. The McAllen foreign trade zone number 12 is the number one inland or non-seaport foreign trade zone in the United States. Under U.S. and Mexican laws and NAFTA provisions, the FTZ designation offers specific cost-saving opportunities to manufacturers. South Texas Health System (STHS) is a regional multi-hospital system that has earned a reputation for excellence in providing quality healthcare to residents of the Rio Grande Valley. The Hilton Garden Inn is conveniently located less than one mile from the Rio Grande hospital, McAllen hospital, and the Hart hospital.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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