Holiday Inn Express & Suites Mission-McAllen Area

$4,400,000

901 S Shary Rd, Mission, TX 78572

Details

  • $4,400,000
  • Limited Service

The Holiday Inn Express & Suites is offered as a value-add, fee simple delivery to a prospective investor at $4,400,000. Based on June 2017 Trailing Twelve Months, the property has a Net Operating Income of approximately $512,851. This NOI includes a capital replacement reserve of four percent and roughly $390,000 in expense addbacks. Through proper revenue and expense management strategies, coupled with IHG’s Formula Blue Property Improvement Plan, the subject hotel should be strategically positioned to capture larger market share.

Property Overview:
The Holiday Inn Express & Suites Mission-McAllen Area is an 85-room, interior corridor, mid-scale hotel conveniently located near Interstate Highway two in the heart of the Rio Grande Valley. The property is a three-story limited service hotel built in 2001 and constructed of a wood frame with stucco exterior and pitched shingle roof. Hotel amenities include an on-site business center, outdoor heated pool, fitness center, meeting facilities, and breakfast bar with dining area.

Location Overview:
Mission is a city in Hidalgo County, Texas and is part of the McAllen/Edinburg/Mission and Reynosa/McAllen metropolitan areas. The property is conveniently located nearby Interstate Highway two, four miles from the McAllen Miller International Airport and less than three miles from the McAllen Convention Center. Centrally located, the hotel is in close proximity to multiple leisure demand generators such as the Bentsen-Rio Grande Valley State Park, the International Museum of Art & Science, area golf courses, and the Texas Citrus Fiesta. The property is also is less than two miles from Palm View Golf Course, seven miles from McAllen Botanical Gardens, and within two miles from The Zone Action Park.

Agent for this listing

Robert Arzola

Senior Associate, National Hospitality Group
Office: (210) 343-7804
Mobile: (956) 251-3282
Fax: (210) 343-7810
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Andrew Frosch

Senior Associate, National Hospitality Group
Office: (713) 452-4270
Mobile: (281) 684-5653
Fax: (713) 452-4210
Other listings

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