Hotels for Sale

Four Points by Sheraton College Station, TX

Address:
College Station, TX, Texas
Description:

UNDER CONTRACT

  • Fee simple interest in the receiver controlled and operated 126-room Marriott Sheraton Four Points hotel available at a significant discount to replacement cost
  • Property is being offered for sale in the May 20th auction on TenX
  • Available unencumbered of management with the ability for qualifying franchisees to retain the Marriott Sheraton Four Points flag for a new, long-term franchise license
  • Additional conversion options available include: Radisson, Choice Ascend Collection, Red Roof Plus, AmericInn, Hotel Red Lion, Green Tea, and Red Lion Inn & Suites
  • Significant operational upside for prospective ownership with the asset under lender distress since early 2018
  • Directly visible and accessible via the heavily trafficked Texas Ave commercial corridor with approximately 48,000 vehicles passing the location daily
  • Within walking distance of Texas A&M University - with current enrollment of approximately 69,000 students, making it the single largest university in the United States
  • Located approximately 1.5-miles from the ~103,000 fan capacity Kyle Field - the fourth largest stadium in the United States and fifth largest non-racing stadium in the world
  • Proximate and readily accessible to all other core regional demand including¬†George HW Bush Presidential Library, St Joseph Regional Health Center, Reed Arena, Sanderson Farms, and Messina Hot Winery
  • Optimal time to be investing in College Station with a current unemployment rate of 2.9% (January 2019) and approximately $100MM in recently completed and proposed university, public, and private regional investments in College Station and neighboring Bryan

Listing Agents

Mason McDavid
T | 312.724.5960
Email

Kami Burnette
T | 512.831.5605
Email

Scott Griemsmann
T: 415.419.5765
Email
BRE #01336236

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