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This Hospitality Property is no longer advertised on LoopNet.com.

1705 N Highway 181
Portland, TX 78374

Country Inn & Suites by Radisson, Portland · Hospitality Property For Sale · 26,660 SF

Investment Highlights

  • Property is currently absentee owned and has great potential for a more hands-on owner/operator to restructure operations and maximize profitability
  • Potential to Rebrand with Spark by Hilton. Spark by Hilton offers a fresh brand image and the benefits of a well-established hospitality company
  • Seller financing is available to a qualified buyer that has a strong background in hotel operators
  • According to the December 2022 STR, hotel ranked fifth in terms of occupancy, average daily rate, and RevPAR, leaving major room for improvement
  • The property is available at a discount to its replacement cost, presenting a cost-effective investment opportunity
  • Excellent location among strong corporate & leisure demand generators and close proximity to Corpus Christi

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 1.62 AC
Building Size 26,660 SF
No. Stories 3
Year Built/Renovated 2001/2008
Parking Ratio 2.29/1,000 SF
Corridor Interior

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
57811
Land Assessment
$691,600
Improvements Assessment
$2,695,996
Total Assessment
$3,387,596

zoning

Zoning Code F1
F1
  • Listing ID: 27842523

  • Date on Market: 2/27/2023

  • Last Updated:

  • Address: 1705 N Highway 181, Portland, TX 78374

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