Sleep Inn & Suites Ingleside

2810 TX-361, Ingleside, TX 78362, US

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THE OFFERING

HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 72-key Sleep Inn & Suites Ingleside, a limited-service hotel asset in Ingleside, Texas. The property benefits from its proximity to the Port of Corpus Christi, a major crude-oil refinery hub that handles the top petroleum commodities, creating significant demand for hotels in the region. 

Corpus Christi

Submarket

Value-add

Investment Type

$4,350,000

Pricing Guidance

72

Keys

2017

Year Built

$75.15

Average Daily Rate

68.3%

Occupancy

$51.36

RevPAR

86.2%

RevPAR Penetration Index

$1,349,741

Room Revenue

Financials as of Trailing-Twelve-Month (TTM) February 2024

PROPERTY HIGHLIGHTS

Well-Maintained, High-Quality Hotel

  • The hotel opened in 2017 and has been consistently maintained at a high standard.

  • Given the physical condition of the property, a minimal change-of-ownership PIP is expected.

Recognition of Excellence

  • The hotel has received several prestigious awards, including the following:

    • 2022 Property of Excellence Award Finalist – Choice Hotels Owners Council

    • 2022 Business of the Year – Aransas Pass Chamber of Commerce & Visitors Center

    • 2022 Platinum Award – Choice Hotels International

      • This accolade signifies that the hotel has achieved an exceptional level of guest satisfaction within its brand, as evidenced by high “Likelihood to Recommend” scores from guests.

    • 2023 Ring of Honor Award – Choice Hotels International

      • This esteemed award acknowledges the hotel’s standing as the top performer in guest satisfaction within its brand, showcasing outstanding “Likelihood to Recommend” scores from guests.

Optimal Location Amid Key Demand Generators and Proximate to Corpus Christi​​​​​​​

  • Positioned advantageously, the property benefits from its proximity to significant demand generators, including the following:

    • Cheniere Energy’s Corpus Christi Liquefaction (CCL) facility holds the distinction of being the first greenfield liquified natural gas (LNG) export facility in the contiguous United States. Presently, this expansive LNG export facility is undergoing an $8-billion expansion project.

    • Other noteworthy companies with a significant presence or ongoing projects in the Ingleside area include Fluor Corporation, Occidental Petroleum Corporation, Kiewit Corporation, and Moda Midstream.

    • Although not directly situated in Ingleside, the Port of Corpus Christi serves as a pivotal demand generator for the entire region.

  • Prominent contributors to revenue include esteemed institutions in Corpus Christi such as Del Mar College, Texas A&M University-Corpus Christi, CHRISTUS Spohn Health System, Corpus Christi Medical Center Doctors Regional, and the Naval Air Station Corpus Christi.

MAP

CONTACT US

Investment Sales Contacts

Joseph Manuel

Vice President, Brokerage & Advisory
HVS
Houston
+1 (713) 955-0139
jmanuel@hvs.com

James Rebullida

Vice President, Brokerage & Advisory
HVS
Houston
+1 (713) 955-5580
jrebullida@hvs.com

Andrew Frosch

Senior Vice President, Brokerage & Advisory
HVS
Houston
+1 (713) 955-0138
afrosch@hvs.com

Kyle Peterek

Senior Associate, Brokerage & Advisory
HVS
Seattle
+1 (206) 259-7150
kpeterek@hvs.com

Fadi Rawashdeh

Senior Associate, Brokerage & Advisory
HVS
Houston
+1 (713) 955-0013
frawashdeh@hvs.com