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Hotel-Motel

Americas Best Value Inn Pharr

1301 West Expressway 83, Pharr, TX 78577

Listing Price: $2,800,000

Cap Rate
12.89%
Number of Rooms
58
RevPAR
$37
Price/Room
$48,276
RRM
3.56
Year Built
1996

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Americas Best Value Inn Pharr (‘Hotel’ or ‘Property’). The Red Lion Hotels Corporation-branded Hotel is offered at $2,800,000 or $48,276 per key. Pharr, Texas is located in the southern region of the state, along the United States and Mexico Border. The city’s population was recorded at 78,073 in 2019, according to the United States Census Bureau. Pharr’s ideal location allows access to major business and leisure demand generators in the nearby cities of McAllen, Edinburg, and Harlingen. The Hotel is located off Interstate 2, which records over 104,208 vehicles per day. Key demand generators near the Property include McAllen Convention Center (5.2 miles), University of Texas Rio Grande Valley (7.7 miles), South Texas College (4.8 miles), and State Farm Arena (8.0 miles). McAllen International Airport is less than 4.5 miles from the Property, hosting over 60,000 aircraft operations in 2018. This offering provides a new investor the opportunity to acquire a stabilized Hotel with strong cash flows. The well-maintained Hotel has operated efficiently, recording room revenues over $675,000 in 2020; representing an increase of 6.6 percent compared to 2019. Net operating income has increased as well, achieving 42.7 percent of gross revenues, or about $288,700 through 2020, after a four percent reserve for FF&E. The Hotel revenues are trending upwards with a 13.95 percent growth year-overyear.

Investment Highlights

  • Two-Story, 58-Room, Interior-Corridor Hotel
  • Priced Below Replacement Cost at $48,276 Per Room
  • Recently Renovated - Minimal PIP Expected at Sale
  • Excellent Location off Interstate 2 Near the Largest Cities in South Texas
  • Less than 4.5 Miles from McAllen International Airport
  • 74.44 Percent Occupancy Through 2020
  • Upward Trending RevPAR and Net Operating Income

Exclusively Listed By

Hotel-Motel

Americas Best Value Inn Pharr

Listing Price: $2,800,000

Cap Rate
12.89%
Number of Rooms
58
RevPAR
$37
Price/Room
$48,276
RRM
3.56
Year Built
1996

Investment Highlights

  • Two-Story, 58-Room, Interior-Corridor Hotel
  • Priced Below Replacement Cost at $48,276 Per Room
  • Recently Renovated - Minimal PIP Expected at Sale
  • Excellent Location off Interstate 2 Near the Largest Cities in South Texas
  • Less than 4.5 Miles from McAllen International Airport
  • 74.44 Percent Occupancy Through 2020
  • Upward Trending RevPAR and Net Operating Income

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Americas Best Value Inn Pharr (‘Hotel’ or ‘Property’). The Red Lion Hotels Corporation-branded Hotel is offered at $2,800,000 or $48,276 per key. Pharr, Texas is located in the southern region of the state, along the United States and Mexico Border. The city’s population was recorded at 78,073 in 2019, according to the United States Census Bureau. Pharr’s ideal location allows access to major business and leisure demand generators in the nearby cities of McAllen, Edinburg, and Harlingen. The Hotel is located off Interstate 2, which records over 104,208 vehicles per day. Key demand generators near the Property include McAllen Convention Center (5.2 miles), University of Texas Rio Grande Valley (7.7 miles), South Texas College (4.8 miles), and State Farm Arena (8.0 miles). McAllen International Airport is less than 4.5 miles from the Property, hosting over 60,000 aircraft operations in 2018. This offering provides a new investor the opportunity to acquire a stabilized Hotel with strong cash flows. The well-maintained Hotel has operated efficiently, recording room revenues over $675,000 in 2020; representing an increase of 6.6 percent compared to 2019. Net operating income has increased as well, achieving 42.7 percent of gross revenues, or about $288,700 through 2020, after a four percent reserve for FF&E. The Hotel revenues are trending upwards with a 13.95 percent growth year-overyear.

Exclusively Listed By

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