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Hotel-Motel

Studio 6 Beeville

2180 US Highway 59 East, Beeville, TX 78102

Listing Price: $1,975,000

Cap Rate
11.22%
Number of Rooms
43
Price/Room
$45,930
Year Built
2011

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Group is pleased to present for sale to qualified investors the Studio 6 Beeville. The G6 Hospitality-branded Hotel is offered at $1,975,000 or $45,930 per key. This well-maintained Property is located, with great visibility, off U.S. Highway 59 East and Interstate 181. Beeville offers a multitude of corporate and leisure demand generators, such as Beeville Country Club (4.8 miles), Beeville Art Museum (2.2 miles), CHRISTUS Spohn Hospital Beeville (1.1 miles), and Coastal Bend College (4.2 miles). The Hotel is ideally positioned 5.7 miles from the Beeville Municipal Airport and 6.6 miles from Chase Field Industrial Airport, presenting an opportunity to capitalize on all travel to the area. Beeville is located on the edge of the Eagle Ford Shale, one of the largest shale plays in the country. With many drilling operations nearby, the Hotel is poised to increase occupancy through contractual business. The two-story, 43-room Hotel has continued to achieve extremely attractive cash flows, with the net operating income recorded above 50 percent in 2019 and 2020. Furthermore, room revenues have increased by over 54 percent year-to-date May 2021 compared to the same period in the prior year. The expenses include provisions for a 4 percent reserve for capital replacement. The Hotel is offered fee simple, unencumbered by a management contract and debt.

Investment Highlights

  • Two-Story, 43-Room, Exterior-Corridor, Extended-Stay Hotel Built in 2011
  • Priced Below Replacement Cost at $45,930 Per Key
  • Positioned 5.7 Miles from Beeville Municipal Airport and 6.6 Miles from Chase Field Industrial Airport
  • Located within the Eagle Ford Shale, One of the Largest Shale Plays in the Country
  • Strong Net Operating Income over 50 Percent in 2019 and 2020
  • Room Revenues Trending Upwards – Increase over 54 Percent Year-to-Date May 2021 Compared to Year-to-Date May 2020
  • Offered Fee Simple, Unencumbered by Management Contract or Debt

Exclusively Listed By

Listing Price: $1,975,000

Cap Rate
11.22%
Number of Rooms
43
Price/Room
$45,930
Year Built
2011

Investment Highlights

  • Two-Story, 43-Room, Exterior-Corridor, Extended-Stay Hotel Built in 2011
  • Priced Below Replacement Cost at $45,930 Per Key
  • Positioned 5.7 Miles from Beeville Municipal Airport and 6.6 Miles from Chase Field Industrial Airport
  • Located within the Eagle Ford Shale, One of the Largest Shale Plays in the Country
  • Strong Net Operating Income over 50 Percent in 2019 and 2020
  • Room Revenues Trending Upwards – Increase over 54 Percent Year-to-Date May 2021 Compared to Year-to-Date May 2020
  • Offered Fee Simple, Unencumbered by Management Contract or Debt

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Group is pleased to present for sale to qualified investors the Studio 6 Beeville. The G6 Hospitality-branded Hotel is offered at $1,975,000 or $45,930 per key. This well-maintained Property is located, with great visibility, off U.S. Highway 59 East and Interstate 181. Beeville offers a multitude of corporate and leisure demand generators, such as Beeville Country Club (4.8 miles), Beeville Art Museum (2.2 miles), CHRISTUS Spohn Hospital Beeville (1.1 miles), and Coastal Bend College (4.2 miles). The Hotel is ideally positioned 5.7 miles from the Beeville Municipal Airport and 6.6 miles from Chase Field Industrial Airport, presenting an opportunity to capitalize on all travel to the area. Beeville is located on the edge of the Eagle Ford Shale, one of the largest shale plays in the country. With many drilling operations nearby, the Hotel is poised to increase occupancy through contractual business. The two-story, 43-room Hotel has continued to achieve extremely attractive cash flows, with the net operating income recorded above 50 percent in 2019 and 2020. Furthermore, room revenues have increased by over 54 percent year-to-date May 2021 compared to the same period in the prior year. The expenses include provisions for a 4 percent reserve for capital replacement. The Hotel is offered fee simple, unencumbered by a management contract and debt.

Exclusively Listed By

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