Hotel for Sale in Corpus Christi, United States
For Sale: Hotel business has 56 rooms sitting one block from the beach.
This transaction has concluded.
Premium Plan
| Established | 30-40 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | INR 4.9 crore |
| Run Rate Sales | INR 5.1 crore |
| EBITDA Margin | 30 % |
| Industries | Hotels |
| Locations | Corpus Christi |
| Local Time | 7:24 PM America / Chicago |
| Listed By | Advisor / Business Broker |
| Status | Active |
Full Sale
Asking Price:
INR
25 crore
(Native Currency: USD 2,900,000)
Reason: - The owner wants to exit the business and get into another industry.
- Business is listed by an ad...
View More
Includes physical assets worth
INR
21.4 crore
Documents
Information Package
(9.4 MB)
Last Year P&L
(145.5 KB)
Old P&L
(144.4 KB)
Recent Hotel Report
(2.2 MB)
Business Overview
- The property is conveniently located off US highway 181 and within two miles of popular attractions such as the USS Lexington Aircraft Carrier Museum, Texas State Aquarium, American Bank Center, Whataburger Field, and the Corpus Christi Museum of Science and History.
- The property is proximate to several major refineries and chemical plants, including Flint Hills Resources, Valero, Citgo, and Occidental Petroleum, which provide steady business transient demand.
- It is located a short 10-minute drive from Downtown Corpus Christi and a 20-minute drive to Corpus Christi International Airport.
- It is also situated approximately one block west of North Beach.
- The property is available at a discount to its replacement cost of $51,786 per room, presenting a cost-effective investment opportunity.
- To construct a similar asset with comparable amenities, the estimated all-in investment would be a minimum of $75,000 to $100,000 per key. The higher costs are due to the scarcity of available land and limited franchise options in Corpus Christi.
- Contains a two-bedroom, one-bathroom manager’s apartment.
- Twenty-nine (29) guestrooms have been recently renovated.
- Hotel revenue was $715,047 2 years ago and $571,154 last year.
- The property is proximate to several major refineries and chemical plants, including Flint Hills Resources, Valero, Citgo, and Occidental Petroleum, which provide steady business transient demand.
- It is located a short 10-minute drive from Downtown Corpus Christi and a 20-minute drive to Corpus Christi International Airport.
- It is also situated approximately one block west of North Beach.
- The property is available at a discount to its replacement cost of $51,786 per room, presenting a cost-effective investment opportunity.
- To construct a similar asset with comparable amenities, the estimated all-in investment would be a minimum of $75,000 to $100,000 per key. The higher costs are due to the scarcity of available land and limited franchise options in Corpus Christi.
- Contains a two-bedroom, one-bathroom manager’s apartment.
- Twenty-nine (29) guestrooms have been recently renovated.
- Hotel revenue was $715,047 2 years ago and $571,154 last year.
Products & Services Overview
Guestrooms - All guestrooms feature a mini-refrigerator, a microwave, a coffeemaker, high-speed internet access, and a television. The guestrooms are modern and in overall good condition.Food & beverage- Hotel guests are offered a complimentary continental breakfast. Guests may also take advantage of the complimentary coffee, tea, and water in the lobby.
Other amenities - Additional amenities include an outdoor swimming pool and onsite laundry. Guests can also take advantage of the complimentary amenities such as Wi-Fi, wired Internet in rooms, onsite self-parking, and a 24-hour lobby common area.
Assets Overview
Everything on the premise (including land, building, furniture, fixtures, and equipment) except personal property.
Facilities Overview
Number of rooms: 56.Food & beverage: Breakfast dining area (daily complimentary breakfast)
Parking space: 61.
Storey: 3hree.
Structure: Wood frame/poured concrete.
Foundation: Reinforced concrete.
Exterior walls: Stucco.
Interior walls: Concrete and sheetrock.
Roofing: Flat pitched shingle.
Elevators: One.
Lot size: 28,000 sqft (0.6428 acres). It is located in the northwest of the city.
Capitalization Overview
- The operations are funded by the cash flow of the property.- No debt to be transferred at the sale.
- Single owner.
Recent Activity
-
Earlier than 15 daysEntrepreneur, Investment, Houston, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysFounder, Business Growth & Development/Asset Management Consulting, Indiana, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysManaging Director, IT Staffing And Consulting, Los Angeles, Individual Investor / Buyer connected with the Business
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