Holiday Inn Express & Suites Rockport, TX

Listing Agents

Kami Burnette
T | 512.574.1786
kburnette@paramountlodging.com

Mason McDavid
T | 512.543.4653
mmcdavid@paramountlodging.com

Detailed Information
Property Highlights

UNDER CONTRACT

  • Fee simple interest in the lender-owned and third party operated 69 room, 2010 built, Holiday Inn Express & Suites Rockport TX offered at a substantial discount to replacement cost
  • Property is available for sale through the Ten-X auction event on October 11th, 2021
  • The property has been REO as of July 2020, underwent nearly $1M worth of renovations in 2021 and over the trailing three months has seen continued RevPAR improvement
  • Available unencumbered of debt and third-party management with ability to retain the IHG brand
  • Significant operational upside for a prospective owner in taking over for the national third-party operator who have been in control of the asset since May 2020 by implementing new cost saving and marketing strategies
  • Optimal time to be investing in drive-to leisure destinations in Texas with the state’s highly favorable tax climate that will incentivize economic growth and diversification in the midst of the national economic recovery
  • Primary leisure market drawing visitors from growing Houston, San Antonio, and Austin MSAs as well as seasonal “Winter Texans” from the northern United States and Canada
  • Proximate to all broader area demand including Rockport Beach and Corpus Christi International Airport
Location