Home Hotel Greatest Western Corpus Christi Airport Resort in Corpus Christi, Texas Provided For Sale

Greatest Western Corpus Christi Airport Resort in Corpus Christi, Texas Provided For Sale

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Greatest Western Corpus Christi Airport Resort in Corpus Christi, Texas Provided For Sale

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  • Greatest Western Corpus Christi Airport   

HVS Brokerage & Advisory, as the only real and unique advisory agency to possession, presents the chance to accumulate the 104-key Greatest Western Corpus Christi Airport, a limited-service lodge asset in Corpus Christi, Texas. With a number of massive refineries and chemical vegetation within the space, the Port of Corpus Christi is a significant crude-oil refinery hub that handles the highest petroleum commodities, creating important demand for accommodations within the area. General, the property’s location presents easy accessibility to a number of demand turbines within the space, positioning it as a gorgeous choice for enterprise and leisure vacationers visiting the area.

Low cost to Alternative Price

Important Upside for a New Operator to Enhance Efficiency

  • The lodge skilled a considerable income enhance from 2022 to 2023, with rooms income rising from $1,269,319 to $1,874,232, reflecting a notable enhance of 47.6%.

  • Per the December 2023 STR information, the lodge ranked sixth and seventh amongst seven aggressive accommodations when it comes to occupancy and common each day charge (ADR), respectively, having registered a RevPAR penetration index of 73.5%. A savvy operator ought to have the ability to improve the lodge’s efficiency and recapture demand from each leisure and company vacationers.

  • If the lodge had been to match the aggressive set’s present RevPAR of $67.15, rooms income would equate to $2,549,014.

Renovation Highlights

  • Present possession invested $3 million in property upgrades and renovations over the previous couple of years, surpassing Greatest Western requirements. The lodge now presents a Starbucks espresso machine within the foyer, in addition to a collection of beers. Complimentary shuttle service to the airport can be supplied.

Greatest Western Award-Profitable Excellence

  • The lodge was the proud recipient of the Chairman’s Award for High quality Assurance in its inaugural yr. This recognition is reserved for properties whose high quality assurance rating ranks within the high 5.0% nationally primarily based on standards corresponding to cleanliness and total situation.

  • New franchisees profit from an computerized franchise switch settlement, simplifying the transition and inheriting the prevailing membership settlement from the present proprietor, which comes with the additional advantage of pre-established decrease royalty funds.         

Wonderful Location Amongst Leisure and Demand Turbines

  • Located in a wonderful location, the property advantages from proximity to main leisure sights corresponding to Padre Island, Mustang Island, Downtown Corpus Christi, Hurricane Alley Waterpark, the Texas State Aquarium, and the USS Lexington.

  • Furthermore, the lodge stands as a main selection for each enterprise and leisure vacationers, strategically located roughly 4 miles from Corpus Christi Worldwide Airport.

  • Outstanding contributors to lodging demand embody well-respected establishments corresponding to Del Mar School, Texas A&M College-Corpus Christi, CHRISTUS Spohn Well being System, Corpus Christi Medical Heart Docs Regional, and the Naval Air Station Corpus Christi.

For inquiries please go to right here to execute the Confidentiality Settlement.

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