1705 N Highway 181 | Portland, TX 78374
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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 | No. Stories | 3 |
Property Subtype | Hotel | Year Built/Renovated | 2001/2008 |
Building Class | B | Parking Ratio | 2.29/1,000 SF |
Lot Size | 1.62 AC | Corridor | Interior |
Building Size | 26,660 SF |
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
Links
PROPERTY TAXES
Parcel Number | 57811 | Improvements Assessment | $2,695,996 |
Land Assessment | $691,600 | Total Assessment | $3,387,596 |
PROPERTY TAXES
Parcel Number
57811
Land Assessment
$691,600
Improvements Assessment
$2,695,996
Total Assessment
$3,387,596
zoning
Zoning Code | F1 |
F1 |
Learn More About Investing in Hospitality Properties
Listing ID: 27842523
Date on Market: 2/27/2023
Last Updated:
Address: 1705 N Highway 181, Portland, TX 78374
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