Hotel-Motel

Four Points Conversion

800 Garden St, Laredo, TX 78040

Listing Price: $6,500,000

Cap Rate
3.75%
Number of Rooms
204
RevPAR
$23
Gross SF
128,154
Price/Room
$31,863
RRM
2.98
Price/Gross SF
$50.72
Year Built
1983

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Four Points Conversion, currently the 204-room Hotel Ava that sits on 1.25 acres along Interstate 35 in Laredo, Texas. The Four Points conversion represents the opportunity to acquire the Hotel Ava and convert it to a Four Points by Sheraton hotel.

Situated at the Mexican border, Laredos economy is driven by international trade with Mexico. In fact, more than 47% of United States international trade headed for Mexico and more than 36% of Mexican international trade crosses through the Laredo port of entry. There are several large employers in the area with the majority of them being major transportation companies. The city is located at the southern end of Interstate 35, making it easily accessible to and from the manufacturers in northern Mexico. Notable employers within close proximity to the hotel include U.S. Customs & Border Protection, Laredo Sector Border Patrol, Old Domion Freight Line, YRC Freight, UPS, Costco, Coca Cola, Caterpillar, Sony and Concentrix.

Laredo is located along the Rio Grande and is home to Lake Casa Blanca International State Park, several historic sites, and two shopping malls - the Mall del Norte and The Outlet Shoppes at Laredo. Other sources of demand for the area include leisure, healthcare and education. Laredo Medical Center and Doctors Hospital of Laredo are the citys two primary healthcare facilities and are both located a short drive from the property. Texas A&M International University is located 7 miles from the hotel and is home to more than 8,400 students. Also nearby are both of Laredo Colleges campuses.

Investment Highlights

  • Significant International Trade Demand in the Area
  • Near Several Attractions & Notable Employers
  • 7 Miles to Texas A&M International University and Both Laredo College Campuses
  • 7 Miles to Laredo Medical Center & Doctors Hospital of Laredo
  • 7 Miles to Laredo International Airport
  • Frontage on Interstate 35

Exclusively Listed By

Hotel-Motel

Four Points Conversion

Listing Price: $6,500,000

Cap Rate
3.75%
Number of Rooms
204
RevPAR
$23
Gross SF
128,154
Price/Room
$31,863
RRM
2.98
Price/Gross SF
$50.72
Year Built
1983

Investment Highlights

  • Significant International Trade Demand in the Area
  • Near Several Attractions & Notable Employers
  • 7 Miles to Texas A&M International University and Both Laredo College Campuses
  • 7 Miles to Laredo Medical Center & Doctors Hospital of Laredo
  • 7 Miles to Laredo International Airport
  • Frontage on Interstate 35

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Four Points Conversion, currently the 204-room Hotel Ava that sits on 1.25 acres along Interstate 35 in Laredo, Texas. The Four Points conversion represents the opportunity to acquire the Hotel Ava and convert it to a Four Points by Sheraton hotel.

Situated at the Mexican border, Laredos economy is driven by international trade with Mexico. In fact, more than 47% of United States international trade headed for Mexico and more than 36% of Mexican international trade crosses through the Laredo port of entry. There are several large employers in the area with the majority of them being major transportation companies. The city is located at the southern end of Interstate 35, making it easily accessible to and from the manufacturers in northern Mexico. Notable employers within close proximity to the hotel include U.S. Customs & Border Protection, Laredo Sector Border Patrol, Old Domion Freight Line, YRC Freight, UPS, Costco, Coca Cola, Caterpillar, Sony and Concentrix.

Laredo is located along the Rio Grande and is home to Lake Casa Blanca International State Park, several historic sites, and two shopping malls - the Mall del Norte and The Outlet Shoppes at Laredo. Other sources of demand for the area include leisure, healthcare and education. Laredo Medical Center and Doctors Hospital of Laredo are the citys two primary healthcare facilities and are both located a short drive from the property. Texas A&M International University is located 7 miles from the hotel and is home to more than 8,400 students. Also nearby are both of Laredo Colleges campuses.

Exclusively Listed By

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