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2825 61st St
Galveston, TX 77551

Motel 6 Galveston, TX - Beach/Seawall · Hospitality Property For Sale · 32,860 SF

Investment Highlights

  • The property features spacious onsite living quarters, including a two-bedroom manager's apartment
  • Hotel's TTM RevPAR penetration index of 114% surpassed the competitive set, per December 2022 STR Trend Report, highlighting consistent outperformance
  • Galveston's high-barriers-to-entry market is due to zoning, limited land, and historic district constraints. Property is close to Galveston Beach
  • Estimated all-in investment to construct similar asset with comparable amenities is a minimum of $125,000 per key due to scarcity of available land
  • The hotel has demonstrated remarkable stability over the last 10 years, producing an average of $1,659,579 in annual rooms revenue
  • Corporate and leisure demand comes from UTMB, Texas A&M, water parks, cruise terminals, and historic sites

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.64 AC
Building Size 32,860 SF
No. Stories 2
Year Built/Renovated 1983/2008
Parking Ratio 2.95/1,000 SF
Corridor Exterior

Amenities

  • Pool
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free

PROPERTY TAXES

zoning

Zoning Code C
  • Listing ID: 28336485

  • Date on Market: 4/27/2023

  • Last Updated:

  • Address: 2825 61st St, Galveston, TX 77551