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Hotel-Motel

Hampton Inn & Suites Bay city

4617 7th St, Bay City, TX 77414

Listing Price: Request For Offer

Number of Rooms
86
Year Built
2009

Investment Overview

Marcus & Millichap's Hospitality Group, as the exclusive representative of the seller, is pleased to present for sale to qualified investors the Hampton Inn & Suites Bay City. The Hilton Worldwide Holdings Inc.-branded hotel is offered on a request for offers basis. This four-story, 86-room hotel sits on 1.91 acres in Matagorda County and was built in 2009 and presents a new investor the chance to acquire an opportunistic asset near the Houston MSA. This well-maintained hotel is anticipated to trade at a price well below replacement cost. An investor, looking to act as an owner-operator, can maximize profits through better revenue management strategies and a reduction of expenses. In 2019, the asset recorded revenues of $1,857,512 and maintained a positive cash flow shown by the net operating income of 13 percent or about $241,997. The hotel has shown signs of a strong recovery from 2020 revenues with a year-to-date RevPAR of $63.41. Historically, the hotel has surpassed market RevPar by 20 percent. With the completion of Hilton’s Property Improvement Plan and improved management, the hotel should continue its trend to the top of the market. Current expenses include provisions for a four percent capital replacement reserve. The hotel is offered fee simple, unencumbered by a management contract or debt.

Investment Highlights

  • 86-Room, Interior Corridor, Upper-Midscale, Hilton Worldwide Holdings Inc.-Branded Hotel Built in 2009
  • Ability for Hands-On-Owner-Operator to Decrease Expenses & Increase Net Operating Income
  • Outperformed Market RevPar by 20% in 2019
  • Unencumbered by a management contract or debt
  • Unencumbered by a management contract or debt

Exclusively Listed By

Hotel-Motel

Hampton Inn & Suites Bay city

Listing Price: Request For Offer

Number of Rooms
86
Year Built
2009

Investment Highlights

  • 86-Room, Interior Corridor, Upper-Midscale, Hilton Worldwide Holdings Inc.-Branded Hotel Built in 2009
  • Ability for Hands-On-Owner-Operator to Decrease Expenses & Increase Net Operating Income
  • Outperformed Market RevPar by 20% in 2019
  • Unencumbered by a management contract or debt
  • Unencumbered by a management contract or debt

Investment Overview

Marcus & Millichap's Hospitality Group, as the exclusive representative of the seller, is pleased to present for sale to qualified investors the Hampton Inn & Suites Bay City. The Hilton Worldwide Holdings Inc.-branded hotel is offered on a request for offers basis. This four-story, 86-room hotel sits on 1.91 acres in Matagorda County and was built in 2009 and presents a new investor the chance to acquire an opportunistic asset near the Houston MSA. This well-maintained hotel is anticipated to trade at a price well below replacement cost. An investor, looking to act as an owner-operator, can maximize profits through better revenue management strategies and a reduction of expenses. In 2019, the asset recorded revenues of $1,857,512 and maintained a positive cash flow shown by the net operating income of 13 percent or about $241,997. The hotel has shown signs of a strong recovery from 2020 revenues with a year-to-date RevPAR of $63.41. Historically, the hotel has surpassed market RevPar by 20 percent. With the completion of Hilton’s Property Improvement Plan and improved management, the hotel should continue its trend to the top of the market. Current expenses include provisions for a four percent capital replacement reserve. The hotel is offered fee simple, unencumbered by a management contract or debt.

Exclusively Listed By

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