Hotels for Sale

LA QUINTA INN & SUITES PORT ARTHUR, TX

Address:
Port Arthur, TX, Texas
Description:

UNDER CONTRACT

  • Fee simple interest in the lender-owned, 63 room La Quinta Inn & Suites Port Arthur TX offered at a substantial discount to replacement cost
  • Property offered for individual sale in the March 25th auction, as part of a larger three asset Texas portfolio affording buyers the opportunity to buy multiple assets with strong operating economies of scale across Southern Texas
  • Offered unencumbered of management or debt with the ability to retain the La Quinta flag with a new long-term license
  • Significant operational upside for a prospective owner in taking over for the current larger national third party management and the lender who came into ownership of the asset in mid 2016
  • Situated directly adjacent to and directly visible from US Highway 287, the primary commercial corridor for Port Arthur with more than 55,000 vehicles passing the location daily
  • Readily accessible via US Highway 287 connecting Port Arthur with all regional Jefferson County demand and neighboring Beaumont, Texas
  • Optimal time to be investing in Port Arthur with the initial phase of the new multi-billion dollar Port Arthur Liquified Natural Gas (LNG) now fully permitted - making it one of the largest LNG projects in development globally

Listing Agents

Mason McDavid
T | 512.543.4653
Email

Kami Burnette
T | 512.831.5605
Email

Subu Thiagarajan
T: 510.205.7931
Email
BRE #01891134

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