THE OFFERING
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 29-key Knights Inn Corpus Christi North, a limited-service hotel asset in Corpus Christi, Texas. The property benefits significantly from its proximity to the Port of Corpus Christi, which is strategically located near major oil and gas (O&G) production areas in the United States.
PRICE REDUCTION: $1,500,000
Ownership is motivated to sell the property and has agreed to reduce the price to $1,500,000, or $51,724 per key. Please contact Andrew Frosch for more details.
PROPERTY HIGHLIGHTS
Excellent Location Among Strong Corporate & Leisure Demand Generators
The property is conveniently located off U.S. 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 hotel benefits from the presence of several major refineries and chemical plants nearby, including Flint Hills Resources, Valero, Citgo, and Occidental Petroleum, which provide steady business transient demand.
Situated about a block west of North Beach, guests can easily walk to the beach area.
From the property, it is short, ten-minute drive to Downtown Corpus Christi and a 20-minute drive to Corpus Christi International Airport.
Seller Financing Available for Qualified Buyers
Seller financing is available, giving buyers a major advantage by reducing the need for traditional bank loans and making the purchase process easier. This option can offer more flexible repayment terms and help buyers secure the property on terms that fit their goals. It’s a rare opportunity that makes this an attractive option for buyers seeking creative capital solutions.
Onsite Living Quarters for Owner/Operator
The property contains a three-bedroom, three-bathroom manager’s apartment.
Strong Historical Performance
The hotel has consistently generated strong rooms revenue, averaging $633,000 (rounded) annually over the past ten years, showcasing resilience even during challenging periods like the COVID-19 pandemic.
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