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Blue Bay Inn 410 International Blvd 50 Room Hotel Hidalgo, TX 78557 $6,243,300 CAD ($124,866 CAD/Room)
EXECUTIVE SUMMARY
Excellent opportunity to acquire a bay front 50 room hotel in a high traffic area of South Padre Island, TX. The hotel is a short distance to the beach, and is also in walking distance to quite a few retailers. The coastline is a 34 mile long beach and has several extensive nature tourism market drivers, world-class wind and water recreational activities, an entertainment district, and local restaurants. South Padre Island, TX, is located in the southern part of the state and is a popular drive-to-beach destination for travelers.
PROPERTY FACTS
| Price | $6,243,300 CAD | Building Size | 30,258 SF |
| Price Per Room | $124,866 CAD | No. Rooms | 50 |
| Sale Type | Investment | No. Stories | 4 |
| Property Type | Hospitality | Year Built/Renovated | 2000/2018 |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | Opportunity Zone |
Yes
|
| Price | $6,243,300 CAD |
| Price Per Room | $124,866 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Building Size | 30,258 SF |
| No. Rooms | 50 |
| No. Stories | 4 |
| Year Built/Renovated | 2000/2018 |
| Corridor | Interior |
| Opportunity Zone |
Yes |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 50 | $86.02 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 10063-00-000-0000-70 | Improvements Assessment | $18,374,396 CAD |
| Land Assessment | $8,901,263 CAD | Total Assessment | $27,275,659 CAD |
PROPERTY TAXES
Parcel Number
10063-00-000-0000-70
Land Assessment
$8,901,263 CAD
Improvements Assessment
$18,374,396 CAD
Total Assessment
$27,275,659 CAD
CONTACT
-
Esteban Flores -
Effective Real Estate
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Blue Bay Inn | 410 International Blvd
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