This Hospitality Property is no longer advertised on LoopNet.com.
6303 Broadway St
SpringHill Suites by Marriott Galveston · Hospitality Property For Sale
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51,816 SF
INVESTMENT HIGHLIGHTS
The 74-key count is highly attractive for an owner-operator looking to acquire its first Marriott-branded asset within one of the top five U.S. areas.
Rooms revenue reached $1,835,000 (rounded) in 2021, reflecting a 56.7% increase compared to 2020.
Leisure demand generators in the area include Port of Galveston Cruise Terminal, Moody Gardens, Schlitterbahn Water Park & Resort.
This opportunity presents an investor with the ability to acquire the property at a price well below replacement cost.
The hotel is on pace to achieve rooms revenue around $2,100,000 (rounded) this year.
PROPERTY FACTS
Property Type
Hospitality
Property Subtype
Hotel
Building Class
B
Lot Size
1.30 AC
Building Size
51,816 SF
No. Stories
4
Year Built
2008
Parking Ratio
1.04/1,000 SF
Corridor
Interior
AMENITIES
Balcony Business Center Fitness Center
Pool High Speed Internet Access Meeting Event Space
Public Access Wifi Hot Tub
Fully-Equipped Kitchen Digital key
PROPERTY TAXES
Parcel Number
6707-0000-0001-000
Improvements Assessment
$3,449,480
Land Assessment
$168,620
Total Assessment
$3,618,100
