Please do not disturb the hotel guests or employees. Please contact the listing broker with any inquires.
Investment Highlights
Premium brand asset
Convenient access to Southern Texas attractions
On-site owner’s quarters
Investment Overview
CBRE Hotels is pleased to solicit offers to acquire the fee-simple interest of a limited-service hotel located in Zapata, TX. The hotel consists of 70 rooms and contains adiverse exposure to the transient leisure segments in the local area.
The hotel has a strong cash-flow, currently performing at $603,502 net operating income based on the July 2017 trailing twelve months. Additionally, the hotel has an average net operating income of $709,772 over the last three years, showing that it is a stabilized asset.
The hotel is a well-maintained, ten-year-old, premium branded Holiday Inn Express & Suites along US Hwy 83 fifty miles south of Laredo. The property is the only upper-mid scale franchised asset in the market making it the primary choice for guests.
The hotel features a three bedroom, two bath on-site owner’s quarters consisting of 1,800 sq ft which presents an excellent opportunity for a new investor to house an on-site manager that can closely monitor property operations and guests needs.
Located twenty-five minutes south of the hotel is the 576-acre Falcon State Park which is home to the Rio Grande’s largest lake. For world-class bass fishing, swimming, water-skiing and boating, guests can visit Zapata's famous Falcon State Park and Reservoir. Falcon Lake holds a cherished spot in bass fishing circles and regularly hosts high stakes tournaments that attract some of the best anglers in the country.
The Holiday Inn Express Hotel and Suites Zapata provides guests easy access to various restaurants and businesses, as well as to many southern Texas attractions including La Paz Museum and the historic Jesus Trevino Fort Complex. For an understanding of the area's heritage and culture, travelers can also view the exhibits of artifacts at the Colonel Antonio Zapata Museum. This property will be auctioned on Monday, June 4 - Wednesday, June 13 . The price displayed is the starting bid amount of $1,500,000. For information and to register to bid on this property, please visit Ten-X.com.