Hotels for Sale

Red Roof Inn Laredo, TX

Address:
Laredo, Texas
Description:

UNDER CONTRACT

  • Fee-simple interest in the lender owned, receiver managed, 83-room Red Roof Inn in Laredo - 83 South
  • Offered unencumbered of management with ability to retain the Red Roof flag via a long-term license agreement
  • Significant upside for new ownership with the hotel under receiver control since April 2018 and REO since September 2018
  • Adjacent to US Route 83 with direct visibility and accessibility to upwards of 40,000 vehicles passing the location daily
  • Proximate¬†to all local and regional demand including Mall Del Norte, Sames Auto Arena, San Agustin de Laredo Historic District, Shoppes of Laredo Outlet Mall, Texas A&M International University, and Laredo Medical Center
  • Laredo is the primary trade hub on the Texas border with Mexico comprising 63 percent of trade flows resulting in more than $200 billion of annual trade
  • Laredo is poised for several private investments in the coming years including the 368,000 square foot Paseo Casa Blanca retail center and the 2000-acre Port Grand master planned logistics port which will contain up to two million square feet of buildings when completed

Listing Agents

Kami Burnette
T | 512.831.5605
Email

Subu Thiagarajan
T: 510.205.7931
Email
BRE #01891134

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