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Holiday Inn Express & Suites Alice 2965 E Main St 70 Room Hotel Alice, TX 78332 $10,180,706 CAD ($145,439 CAD/Room) 7.27% Cap Rate
Investment Highlights
- Surging $2M+ Room Revenue
- High Cash on Cash Potential with High 10%+ Cap Rate
- Recently Renovated - No to Minimal PIP
Executive Summary
Hotel Brokers of America is pleased to offer, on an exclusive basis, the opportunity to acquire this 70-room Holiday Inn Express & Suites (“Property” or “Hotel”), prominently located in Alice, TX. This hotel is just a short drive from Corpus Christi, area airports, local attractions and influential corporations, it's truly the place to "Stay Smart" when visiting Alice, TX. Medical professionals appreciate the easy commute to Christus Spohn Hospital, and corporate guests can expect hassle-free travel to Halliburton and National Oilwell Varco.Those in town for leisure find plenty to do in Alice. The hotel's location near Tejano ROOTS Hall of Fame & Museum and South Texas Museum ensures that visitors are well-versed in local history by the time they leave. Exciting events like the Jim Wells County Fair are also held within five minutes of the hotel, and visitors can spend sunny
days on the Alice Municipal Golf Course.
days on the Alice Municipal Golf Course.
Property Facts
| Price | $10,180,706 CAD | Lot Size | 2.13 AC |
| Price Per Room | $145,439 CAD | Building Size | 46,682 SF |
| Sale Type | Investment | No. Rooms | 70 |
| Cap Rate | 7.27% | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 2004/2024 |
| Property Subtype | Hotel | Parking Ratio | 6.19/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | H | ||
| Price | $10,180,706 CAD |
| Price Per Room | $145,439 CAD |
| Sale Type | Investment |
| Cap Rate | 7.27% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.13 AC |
| Building Size | 46,682 SF |
| No. Rooms | 70 |
| No. Stories | 3 |
| Year Built/Renovated | 2004/2024 |
| Parking Ratio | 6.19/1,000 SF |
| Corridor | Interior |
| Zoning | H |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 17 | $225.78 CAD | - |
| Guest Room | 53 | $199.46 CAD | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,393,786 CAD | |
| Land Assessment | $648,918 CAD | Total Assessment | $3,042,704 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$648,918 CAD
Improvements Assessment
$2,393,786 CAD
Total Assessment
$3,042,704 CAD
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Holiday Inn Express & Suites Alice | 2965 E Main St
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