Hotels for Sale

HILTON GARDEN INN MCALLEN AIRPORT

Address:
McAllen, Texas
Description:
  • Fee-simple interest in the institutionally owned and third-party managed 104-room Hilton Garden Inn McAllen offered at a discount to replacement cost
  • Attractive targeted walk-in basis for a well renovated, core-branded, select-service Hilton asset with substantial price per key upside on a buyer’s projected exit
  • Available unencumbered of debt and third party management with the ability to retain the Hilton Garden Inn brand for a new long-term license
  • Moderate PIP expected with approximately $2.9MM ($28K/key) of capital improvements since 2014, including approximately $1.7MM ($17k/key) of renovation completed in the trailing-24 months
  • Approximately one-mile from the McAllen-Miller International Airport and proximate to all regional demand including the South Texas College, Foreign Trade Zone, McAllen Veterans Stadium, H-E-B Park, Rio Grande Speedway, Bentsen-Rio Grande Valley State Park, McAllen Convention Center and La Plaza Mall
  • Readily accessible and directly visible to West Expressway 83 (Interstate 2) with upwards of 150,000 cars passing the location daily
  • Located less than one-mile from to two of the region's largest demand generators; including La Plaza Mall and the 542-bed McAllen Medical Center, which recently completed a $22.7MM renovation
  • Nearby La Plaza Mall is set to complete a $50MM expansion and renovation in 2018, which will increase the number of national retailers and restaurants in addition to increasing the parking capacity by 2,000 new spaces
  • Situated less than ten-miles from the Port of Hildago Border Crossing and readily accessible to the approximately 9.2MM passengers and more than 500,000 commercial vehicles crossing the border annually

Listing Agents

Kami Burnette
T | 512.831.5605
Email

Bennett Webster
T: 312.339.3698
Email

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