Ten-X Auction October 19, 2020 - October 21, 2020
Building Attributes: The interior corridor, upper midscale TRYP by Wyndham College Station features 166 rooms that span across five stories.The steel, concrete and block construction asset was originally developed in 1972 as a Holiday Inn. The property reopened in February 2018 after a complete renovation including all public areas and guest rooms remodeling.
Brand New Asset: TRYP by Wyndham College Station is the third largest and one of the newest hotels in College Station. The hotel provides ample lodging for parents, alumni, and other travelers driving to and through College Station.
Prime Location: Located along Texas Avenue in the heart of College Station, the Property is strategically positioned near the Texas A&M University Campus. It is also one of the closest hotels to the A&M campus.
Nearby Texas A&M University: In 2018 the university was ranked #1 in Forbes as the “Most Valuable College Football Programs Around the Country”. Aggie Football revenues have exceeded $145 million with $92 million in annual profit over the past three years. With a total enrollment of ~70,000 students in Fall 2019, Texas A&M solidifies its place as the largest college in Texas based on enrollment; Additionally, the college has the eighth largest endowment fund in the united states topping $13.5 billion.
Diverse Demand Generators: Home to Texas A&M University, College Station features an array of diverse demand generators that include the Post Oak Mall, George Bush Presidential Library, Reed Arena, Kyle Field, and Texas World Speedway.
Value Add Opportunity: This property not only has significant upside in both management and operations but also presents a strong case for above-average returns over the investment horizon due to the acquisition cost anticipated to be well-below replacement cost. The property was recently renovated with a low maintenance requirement and a new owner can benefit from streamlined operations.
Prominent Market: Situated within the expanding Bryan – College Station MSA, the hotel can capitalize on increased demand and leisure travel in the area.
Unencumbered Offering: The property is offered fee simple and unencumbered by any management and financing contracts. The prospective Buyer has to assume the rooftop cell tower lease.
TRYP by Wyndham College Station is a 166-room, five-story hotel. The subject property offers specialty guest room types such as suites with bunk beds and each is equipped with a flat-screen television, microwave, and refrigerator. Furthermore, the common hotel amenities include on-site parking, outdoor pool, fitness center, and an on-site laundromat.
George Bush Presidential Library: The 90-acre George Bush Presidential Library and Museum is the presidential library and burial site of George H. W. Bush and his wife Barbara Bush and located on the west campus of Texas A&M University College Station only three miles from the hotel.
Center for Innovation in Advanced Development and Manufacturing: In 2015, pharmaceutical giant GlaxoSmithKline partnered with Texas A&M University and opened a $91 million influenza vaccine manufacturing facility that anchors the CIADM. This year, the federal government has partnered with Texas A&M University’s CIADM bio-manufacturing facility for mass production of a COVID-19 vaccine through 2021. Valued at $265 million, the task order will accelerate expansion of the center throughout the pandemic and for future emergencies. Over the next 25 years the center is expected to create about 7,000 jobs across Texas.
Post Oak Mall: Known as the largest mall in Brazos Valley and located 1.5 miles from the hotel, the Post Oak Mall houses over 750,000 square feet of retail floor space, 120 retail stores and shops, and many large anchor stores including Macy’s, Conn’s, and Dillard’s.
Brazos Valley Museum of Natural History: At 9,400 square feet, this Bryan museum packs in fascinating archeology, geology, paleontology, and other exhibits to make it worth a visit. The museum also hosts special events and programs throughout the year, including the Chuck Wagon Cook-Off, an adult lecture series, nature camps, and teacher workshops.
Old Bryan Marketplace: Built in 1908, the Old Bryan Marketplace in downtown Bryan is famous for its new and old treasures including furniture, home decor, candles, holiday decoration, and baby gear. Shoppers can also stop into Madden’s Casual Gourmet where they can break for soup and salad or the broiled Hawaiian Sea Bass.
Messina Hof Winery & Resort: Established in 1877, the Messina Hof Winery & Resort in Bryan was founded on the cornerstones of family, tradition, and romance. The Tasting Room used to be the Ursuline Academy but now hosts numerous events and weekly specials for guests of all ages. The resort also includes the Villa Bed & Breakfast named the “Best Romantic Getaway.” The Winery is the front runner of the Texas Wine Industry and produces 130,000 gallons of wine every year.