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Hotel-Motel

Days Inn Alice

555 N Johnson St, Alice, TX 78332

Listing Price: Request For Offer

Number of Rooms
98
RevPAR
$9
Year Built
1987

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to quali?ed investors the Days Inn Alice (‘Hotel’ or ‘Property’) located in Alice, Texas. The Wyndham-branded Hotel is offered on a call for offers basis. The Days Inn Alice is a 98-room, two-story Hotel stationed at 555 North Johnson Street. This Hotel features an outdoor pool, meeting space, fitness room, and guest laundry facilities. Spacious guest rooms offer a flat-screen television, a work desk, microwave, and mini-refrigerator. The Property includes a two-bedroom and full kitchen manager’s suite. The economy of Jim Wells County, TX is specialized in Mining, Quarrying, Oil, Gas Extraction, Agriculture, Forestry, Fishing, Hunting. The county is located approximately 100 miles southeast of San Antonio, 80 miles east of Laredo, and 40 miles west of Corpus Christi. Corpus Christi and its economic state has a great influence over Jim Wells county as its the closest hub of business and industry in the region. The Port of Corpus Christi, handles mostly oil and agricultural products. Much of the local economy is driven by tourism and the oil and petrochemicals industry. Corpus Christi is home to the Naval Air Station Corpus Christi which provides 6,200 civilian jobs to the local economy, making it the single largest employer in the city. Additionally located on NAS Corpus Christi is the United States Coast Guard Sector/Air Station Corpus Christi. Other large employers include CHRISTUS Spohn Health System at 5,400 local employees, the Corpus Christi Independent School District with 5,178, H-E-B at 5,000, and Bay Ltd. at 2,100. Other companies based in Corpus Christi include Stripes Convenience Stores and AEP Texas. The city is home to a number of popular destinations for both tourists and residents. Some of the most visited attractions are located on North Beach, where the Texas State Aquarium and the USS Lexington Museum on the Bay are located. This offering presents a new investor the chance to acquire an opportunistic asset with major upside potential. In 2019, the limited-service Hotel underperformed the STR-defined market competitive set and posted RevPAR penetration index of 43 percent. After completion of a much-needed property improvement plan, a new owner can anticipate an increase in RevPAR through an expected growth in occupancy and a raise in daily rates.

Investment Highlights

  • BANK-OWNED PROPERTY
  • Two-story, 98-room, Interior-Corridor Hotel
  • Expected to Trade Below Replacement Cost
  • Major Oil Companies in Alice Include Shlumberger, Baker Hughes, Inc., Weatherford International, and Grey Wolf Drilling Company
  • Value-Add Opportunity for New Operator to Increase RevPAR through Tactical Revenue Management Strategies
  • Includes Two-Bedroom and Full Kitchen Manager's Living Quarters

Exclusively Listed By

Listing Price: Request For Offer

Number of Rooms
98
RevPAR
$9
Year Built
1987

Investment Highlights

  • BANK-OWNED PROPERTY
  • Two-story, 98-room, Interior-Corridor Hotel
  • Expected to Trade Below Replacement Cost
  • Major Oil Companies in Alice Include Shlumberger, Baker Hughes, Inc., Weatherford International, and Grey Wolf Drilling Company
  • Value-Add Opportunity for New Operator to Increase RevPAR through Tactical Revenue Management Strategies
  • Includes Two-Bedroom and Full Kitchen Manager's Living Quarters

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to quali?ed investors the Days Inn Alice (‘Hotel’ or ‘Property’) located in Alice, Texas. The Wyndham-branded Hotel is offered on a call for offers basis. The Days Inn Alice is a 98-room, two-story Hotel stationed at 555 North Johnson Street. This Hotel features an outdoor pool, meeting space, fitness room, and guest laundry facilities. Spacious guest rooms offer a flat-screen television, a work desk, microwave, and mini-refrigerator. The Property includes a two-bedroom and full kitchen manager’s suite. The economy of Jim Wells County, TX is specialized in Mining, Quarrying, Oil, Gas Extraction, Agriculture, Forestry, Fishing, Hunting. The county is located approximately 100 miles southeast of San Antonio, 80 miles east of Laredo, and 40 miles west of Corpus Christi. Corpus Christi and its economic state has a great influence over Jim Wells county as its the closest hub of business and industry in the region. The Port of Corpus Christi, handles mostly oil and agricultural products. Much of the local economy is driven by tourism and the oil and petrochemicals industry. Corpus Christi is home to the Naval Air Station Corpus Christi which provides 6,200 civilian jobs to the local economy, making it the single largest employer in the city. Additionally located on NAS Corpus Christi is the United States Coast Guard Sector/Air Station Corpus Christi. Other large employers include CHRISTUS Spohn Health System at 5,400 local employees, the Corpus Christi Independent School District with 5,178, H-E-B at 5,000, and Bay Ltd. at 2,100. Other companies based in Corpus Christi include Stripes Convenience Stores and AEP Texas. The city is home to a number of popular destinations for both tourists and residents. Some of the most visited attractions are located on North Beach, where the Texas State Aquarium and the USS Lexington Museum on the Bay are located. This offering presents a new investor the chance to acquire an opportunistic asset with major upside potential. In 2019, the limited-service Hotel underperformed the STR-defined market competitive set and posted RevPAR penetration index of 43 percent. After completion of a much-needed property improvement plan, a new owner can anticipate an increase in RevPAR through an expected growth in occupancy and a raise in daily rates.

Exclusively Listed By

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