Hotels for Sale

HILTON GARDEN INN MCALLEN, TX

Address:
McAllen, Texas
Description:

UNDER CONTRACT

  • Fee simple interest in the institutionally owned and third-party managed 104-room Hilton Garden Inn McAllen offered at a discount to replacement cost
  • Property are offered together for sale in the October 30th Ten-X auction event as part of a larger institutional portfolio sale
  • Attractive targeted walk-in basis for a core-branded, select-serve 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 $2.7MM ($26K/key) of capital improvements since 2014, including approximately $2.4MM ($24k/key) of renovation completed in the trailing-24 months
  • Readily accessible and directly visible to West Expressway 83 (Interstate 2) with upwards of 150,000 cars passing the location daily
  • Walking distance to two of the region's largest demand generators including La Plaza Mall and the 542-bed McAllen Medical Center, with a recently completed a $22.7 million renovation
  • Approximately one mile from the McAllen-Miller International Airport and proximate to all regional demand including the South Texas College, Foreign Trade Zone, La Plaza Mall, McAllen Veterans Stadium, H-E-B Park, Rio Grande Speedway, Bentsen-Rio Grande Valley State Park, McAllen Convention Center, McAllen Nature Center and the Quinta Mazatlan Mansion
  • Nearby La Plaza Mall is currently undergoing a $50MM expansion and renovation 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

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