Value Add Opportunity - Great value on a price per room basis. Property is a high rise 207 unit hotel in downtown Laredo. Built in 1976, this previous Hilton hotel is a full service facility including restaurant, lounge, meeting and banquet space for up to 475 persons, pool, fitness center, business center. The hotel is a single, round tower shaped, 15 story building with interior corridors. The lobby area adjoins a + 15' clear height porte cochere on the south side of the hotel. The basement of the building contains a floor of commercial space, meeting rooms as well as a guest exercise room.
With unusually large guest rooms, the property presents a tremendous opportunity for repositioning as a convention hotel or conversion to commercial or residential condos, office tower or an assisted living facility. Additional parcels can be added to the sale for future parking.
Motivated Seller - all offers and structures considered.
Immediate to border of U.S. (Texas) and Mexico on the north high bank of the Rio Grande River. Highly visible from many areas of the dual cities split by the border. Property features panoramic views of the famed border river and Mexico. Within walking distance of the primary pedestrian/vehicle border bridge crossing. Adjacent to popular international shopping destinations and area attractions. Laredo is the nation's largest inland port and one of the top fastest growing cities, the popular area features an international airport, Texas A&M International University, historical district, museums, major retail centers and a revitalizing CBD. Hotel is located adjacent to the proposed $50M new convention center, near the end of the new IH-35 Exit ramp and surrounded by 100M in planned CBD revitalization projects. New Outlet mall with international appeal next door to be completed early 2017.
Call or e-mail Broker for Confidentiality Agreement to receive a detailed Investment Presentation.
Asking Price $5,000,000
Sales Available On Request
Profit Available On Request
You May Also Like
49 Room TX Hill Country Franchise #454535 posted Sep 23, 2016
- Junction, Texas, United States
Price Reduced well below appraisal & as a Short Sale! Limited service 49 unit hotel on approx. 5.65 acres of fee simple land. 47 rentable room count is comprised of 12 kings, 15 double queens, and 20 double doubles plus 1-1 manager qtrs. Popular & scenic setting with great hill country views from...
Profitable Hotel in Downtown Athens TX #458306 posted Nov 21, 2016
- Texas, United States
Profitable and popular hotel in the heart of Athens, Texas. Has been tenderly taken care of by owner and family for the past twenty years. Profitable even during recession years. Maintaining average occupancy rates for the area.
Busy Convenience Store & Motel w/ Room for Growth #456865 posted Oct 28, 2016
- Louisiana, United States
Broker presents a unique opportunity to own and operate a busy convenience store along with a motel that has significant room for growth in Central Louisiana. This cash producing business is well established and has been in existence for around 35 years. The current owner recently spent around $300,000...
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.