Best Western Port Aransas HVS Brokerage & Advisory, as the sole and unique advisory company to ownership, provides the chance to obtain the 59-key Best Western Port Aransas, a limited-service hotel possession in Port Aransas, Texas. Placed in the heart of a drive-to leisure market and gaining from Corpus Christi’s strong financial support, the deal procedure will be relieved provided the residential or commercial property’s great physical condition and its tactical area within half mile of Port Aransas Beach, boosted by the hotel’s six-year typical spaces income surpassing $2.3 million. The hotel lines up with Port Aransas’ financial development, targeting varied markets while attracting the standard leisure section. Steady Performance with Upside Potential The hotel has actually regularly produced strong spaces profits, balancing $2,329,673 over the previous 6 years, showcasing strength even throughout difficult durations like the COVID-19 pandemic. Under skilled ownership, there is considerable capacity to enhance operations, such as minimizing the 2023 payroll expenses to a more economical variety, which might lead to a considerable boost in net success. Perfect Opportunity for an Experienced Owner/Operator This 59-key count is thought about a perfect size for a skilled owner/operator. The residential or commercial property includes a one-bedroom/one-bathroom suite that is presently consisted of in the stock, however which might be utilized as an owner/operator’s house. High Barriers-to-Entry Market The building and construction of just 3 brand-new hotels considering that 2006 has actually minimized issues about competitors, highlighting the rarity of brand-new advancements and getting rid of extra competitive pressures. The Island Hotel– January 2008 Hampton Inn & Suites by Hilton Port Aransas– May 2013 The Place Hotel at Port Aransas– March 2017 Excellent Location Near Leisure Demand Generators The home is easily positioned along Avenue G, within half mile of the beach and near numerous other essential tourist attractions, such as the Port Aransas Museum, Leonabelle Turnbull Birding Center, Red Dragon Pirate Cruises, Port Aransas Fishing Pier, Dolphin Dock Charters, Port Aransas Ferry Landing, WWII Gun Mounts, and Roberts Point Park, enabling a strong capture of leisure need. Finest Western Franchise Best Western deals the most competitive franchise charges in the market, enabling owners to optimize profits. New franchisees take advantage of an automated franchise transfer arrangement, streamlining the shift and acquiring the existing subscription contract from the existing owner, which features the included advantage of pre-established lower royalty payments. Restoration Highlights In 2018, the residential or commercial property went through a considerable remodelling that consisted of the addition of 10 spaces geared up with stovetops, a thorough remodel of the whole very first flooring, and the restoration of the hotel’s guestroom restrooms, improving the residential or commercial property’s appeal and contemporary features. For questions please go to here to perform the Confidentiality Agreement.
Finest Western Port Aransas Hotel in Port Aransas, Texas Offered For Sale
