Sleep Inn & Suites Ingleside

$4,900,000

2810 State Highway 361, Ingleside, TX 78362

Details

  • $4,900,000
  • Limited Service

Sleep Inn & Suites Ingleside is a 72-unit, interior corridor, limited service hotel located in Ingleside, Texas. This newly built three story property opened in March 2017, and is constructed of a wood frame with a stucco and brick exterior. The hotel features outdoor parking, breakfast and dining area, outdoor pool, business center, fitness center, and guest laundry facilities. The spacious rooms feature modern finishes of a Choice International Designed to Dream hotel. Room amenities include refrigerators, microwaves, work desks, flat screen/plasma televisions, and wireless internet access.

Ingleside, Texas is located on the Coastal Bend, less than 10 minutes away from Corpus Christi, Rockport, and Port Aransas. This brand new Sleep Inn & Suites is located near the Aransas Pass Civic Center on the northeastern edge of town, making it conveniently located near attractions like the American Bank Center Arena, Texas State Aquarium, and Rockport Beach Park. Nearby businesses that generate room revenue nights include Chemours Plant (formerly DuPont), Oxychem, Golf Compress, Air Liquide, Gulf Marine Fabricators, Naval Station Ingleside, Occidental Chemical Corporation, and Reynolds MetalCompany Reservoir. Ingleside benefits from increasing tourism because of its close proximity to Port Aransas beaches, Mustang Island State Park, and Rockport Beach. Additionally, it is just a short drive to the USS Lexington, Corpus Christi beach, North Padre Island, and Texas Maritime Museum. In addition to tourism overflow, Ingleside benefits heavily from the local shipyard and offshore drilling equipment manufacturing plants.

The Sleep Inn & Suites Ingleside is a newly constructed, limited service hotel which opened in March 2017. The property will be offered with no property improvement plan, and is ideal for an owner operator looking for a turnkey asset. Priced well below replacement cost at $68,056 per key. At $4,900,000, the hotel is priced at 3.4 times YR 1 Pro Forma revenue. The hotel is strategically located near numerous industrial plants including the expanding TPCO facility and recently opened Chemours Company. In addition, Gulf Coast Growth Ventures has recently announced that they are targeting San Patricio County for a new petrochemical plant. The property is ideally suited to take advantage of multiple future planned demand generators.

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
Other listings

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