Hampton Inn Austin-North @ I-35 & Hwy 183 7619 N Interstate 35
121 Room Hotel Austin, TX 78752 $11,000,000 ($90,909/Room) 6.81% Cap Rate
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INVESTMENT HIGHLIGHTS
- HOT AUSTIN LOCATION 5 minutes to Downtown on Intersection of I-35 & Hwy. 183
- Underperforming due to PIP & Management! Tremendous Upside After Completion of PIP.
- Historical Revenue average $3,500,000 current Revenue $2,900,000.
- Hampton Inn’s are the #1 Sought After Brand.
- Ranked 5 of 7 on ADR when Hampton Should be Market leader. (due to PIP).
- Motivated Seller bring all offers.
EXECUTIVE SUMMARY
Attractive Pricing: Priced at $11M ($90,909 per room before PIP; $99,174 per room after an estimated $1M PIP), significantly below Austin's market average of $160K–$180K per key.
Prime Location & Strong Brand: Located in a high-growth market, the Hampton Inn, ranked as the #1 hospitality brand, offers a 60% reservation contribution, driving occupancy and guest loyalty.
Operational Turnaround: Under new ownership since August 2022, improved expense control, revenue optimization, and sales management have boosted profitability and revenue, which is currently $2.9M even before PIP completion.
Market Potential: The hotel ranks 3rd in occupancy (66.1%) but 5th in ADR ($98.23), leaving substantial room for ADR growth post-renovations compared to the competitive set’s ADR of $115.
Franchise Flexibility & PIP: A partial $1M Forever Young PIP is required, with Hilton offering opportunities for a 15-year Spark Hotel conversion or continued branding beyond the current franchise term ending in 2030.
Motivated Seller: The developer-owner seeks to sell to free up capital for other projects, making this a compelling investment opportunity.
Prime Location & Strong Brand: Located in a high-growth market, the Hampton Inn, ranked as the #1 hospitality brand, offers a 60% reservation contribution, driving occupancy and guest loyalty.
Operational Turnaround: Under new ownership since August 2022, improved expense control, revenue optimization, and sales management have boosted profitability and revenue, which is currently $2.9M even before PIP completion.
Market Potential: The hotel ranks 3rd in occupancy (66.1%) but 5th in ADR ($98.23), leaving substantial room for ADR growth post-renovations compared to the competitive set’s ADR of $115.
Franchise Flexibility & PIP: A partial $1M Forever Young PIP is required, with Hilton offering opportunities for a 15-year Spark Hotel conversion or continued branding beyond the current franchise term ending in 2030.
Motivated Seller: The developer-owner seeks to sell to free up capital for other projects, making this a compelling investment opportunity.
PROPERTY FACTS Under Contract
Price | $11,000,000 |
Price Per Room | $90,909 |
Sale Type | Investment |
Cap Rate | 6.81% |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | B |
Lot Size | 2.83 AC |
Building Size | 53,380 SF |
No. Rooms | 121 |
No. Stories | 4 |
Year Built | 1986 |
Tenancy | Single |
Parking Ratio | 2.34/1,000 SF |
Corridor | Interior |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Digital key
ROOM MIX INFORMATION
DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
---|---|---|---|
Guest Room | 121 | $109.00 | - |
1 of 1
PROPERTY TAXES
Parcel Number | 234121 | Improvements Assessment | $8,331,106 |
Land Assessment | $2,468,894 | Total Assessment | $10,800,000 |
ZONING
Zoning Code | CS-MU-NP |