Hotels for Sale

STAYBRIDGE SUITES LAREDO, TX

Address:
Laredo, Texas
Description:
  • Fee simple interest in the institutionally owned and third-party managed 111-room Staybridge Suites Laredo offered at a substantial discount to replacement cost
  • Property offered for individual sale in the April 7th auction event as part of larger seven asset Texas and Louisiana portfolio affording the buyers the opportunity to purchase multiple assets with strong operating economies of scale across the Mid & Southeastern portion of the United States.
  • Property continues to grossly outperform national occupancy with asset running approximately +90% occupancy over the trailing twelve months
  • Ability for qualified buyers to retain the Staybridge Suites flag with a new long-term 15-year license upon completion of minor deficiency items
  • Seller has completed approximately $2.2MM ($20k/key) in renovations in recent years
  • Strong operational upside for prospective buyers with a focused local / regional strategy and market knowledge
  • Situated adjacent to US Route 59 with direct visibility and accessibility to upwards of 45,000 vehicles passing the location daily
  • Proximate to all local and regional demand including Laredo International Airport, 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 a primary international trade and logistics hub accounting for more than 60% of all US - Mexico trade
  • • Optimal time to be investing in Laredo with the market poised for several large scale private investments including the $1B warehouse and logistics port that upon completion will account for 14MM SF of spec industrial development
  • Ideal opportunity to invest in Texas, as oil prices continue to rally and are approaching 15-month highs
  • Migration trends continue to heavily favor Texas as residents are attracted to the quality of life and as businesses leaders seek the pro-business environment and lesser tax burden

Listing Agents

Sean Banilivy
T | 516.456.7525
Email

Kami Burnette
T | 512.831.5605
Email

Categories List:   

Send message to listing owner