Homewood Suites McAllen

$10,200,000

3801 Expressway 83, McAllen, TX 78503

Details

  • $10,200,000
  • Upscale

Investment Overview:

The Homewood Suites McAllen is offered for sale at $10.2M, representing a Price Per Key of $89,474. The Property generated gross revenue of over $2.9M based on TTM August 2017 P&L. The current NOI ratio is 24.4% including Management and Capital Reserves of 3% and 4% respectively. The hotel is currently being operated by management company, but will be deliverable unencumbered. New ownership will be required to complete Hilton transfer PIP. Contact agent for details.

Property Overview:

Homewood Suites McAllen is a 114-unit, interior corridors, upscale hotel, located in McAllen, Texas. The property was constructed in 2007, and is a four-story hotel. Along with an outdoor pool, this hotel has a 24-hour fitness center and a 24-hour business center. Buffet breakfast is provided, as well as WiFi in public areas, self parking, and a complimentary airport shuttle. Other amenities include conference rooms, dry cleaning, and laundry facilities. All 114 rooms provide WiFi and wired Internet, LCD TVs with DVD players, and conveniences like refrigerators and microwaves. Other amenities available to guests include coffee makers, weekday newspapers, and safe.

Location Overview:

Homewood Suites McAllen is 0.6 miles from Palm View Golf Course and 1.4 miles from McAllen Botanical Gardens. McAllen Convention Center and The Zone Action Park are also within 1 mile. With a great location close to downtown McAllen, the hotel is five minutes from McAllen Miller International Airport and in easy reach of shopping malls and restaurants.

Agent for this listing

Allan Miller

First Vice President Investments | Senior Director, National Hospitality Group
Office: (512) 338-7831
Mobile: (512) 203-9154
Fax: (512) 338-7810
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Robert Arzola

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