Property Overview:
The Holiday Inn Express & Suites in Raymondville, Texas is a 74-room, interior corridor, upper midscale hotel located on the intersection of Texas Highway 77 and US Highway 186 . The four-story hotel sits on 1.67 acres and has a stucco exterior with wood frame. This Holiday Inn Express & Suites is up to date to InterContinental Hotel Groups latest Formula Blue specifications. The property includes features and amenities leisure attractive to business travelers, including an indoor pool, fitness center and 24-hour business center. Each room features a microwave and refrigerator.
Location Overview:
Raymondville, Texas is located in the northern part of the Rio Grande Valley and coined, the gateway to the Rio Grande Valley at the southern part of the state. The region is an agricultural community and sits north of Brownsville and South Padre Island. The investment property is positioned at 220 North Expressway 77 and located on the intersection of Texas Highway 77 and US Highway 18 6. In addition, there is heavy traffic flow from six international bridges that link the United States and Mexico: two bridges in Brownsville and one each in Harlingen, Progresso, Pharr Investment Highlights RAR and Hidalgo To serve increased international traffic between USA, Mexico and Canada, Highway 77, which runs through Raymondville, has been named as one of the seven disjointed segments in the US that will create the future Interstate 69. The Port Mansfield (24.3 miles) is a major intrastate and a great economic benefit in the region. The international trade opportunities include NAFTA trade with Mexico, bulk construction materials, agricultural products/supplies, container-on-barge business, and south Texas spaceport business.
