La Quinta Inn & Suites


Price:
  $6,750,000   
$5,750,000

Address :
5515 I-37 North Frontage Rd
Corpus Christi, TX 78408


  •  Excellent Interstate Highway 37 Location
  •  Harbor Bridge Project will bring in blue collar workers over the next 2 year
  •  Opportunity to improve occupancy with hands on owner/operator
  •  Hotel located directly across Valero Oil Refinery & Asphalt Plant
  •  Offered at discount to replacement cost
    View Map    View Aerial
  •  The 3-county Corpus Christi MSA is home to 445,823 people.
  •  Only minutes from Downtown Corpus Christi
  •  The 6th busiest port by total tonnage, the deepwater Port of Corpus Christi can accommodate Suezmax super ships.
  •  Close to Regional Demand Generators:
    •  Valero Bill Greehey Oil Refinery
    •  Hurricane Alley Water Park
    •  Texas State Aquarium
    •  Selena Museum
    •  Corpus Christi Museum
  •  122 Guest Rooms
  •  Built in 1973
  •  Four Buildings
  •  2 Stories, Exterior Corridor
  •  Concrete Construction
  •  Stucco Façade
  •  Red Tile Roof
  •  Asphalt Parking Lot; 144 Standard Spaces, 4 Handicap Spaces, 6 Oversized Parking Spaces
  •  Wireless Internet
  •  Business Center
  •  Guest Laundry
  •  Outdoor Pool
  •  Six Over-Sized Vehicle Parking Spaces
Thank you for your interest in this Mumford Company Listing. In order to review the financial and operating performance of this property, please complete the required fields below. If you are a real estate broker, please click here and you will be directed to our co-brokerage registration form.




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Financials
2020
2021
2022
Occupancy
36.03%
59.84%
40.9%
Average Daily Rate
$58.54
$75.39
$73.41
Room Revenue
$463,196
$988,025
$1,336,525
Net Operating Income
($127,256)
$191,913
N/A
* Owner purchased the hotel in August 2020 Jan. 2019 - Mar. 2019 stats were derived from the STR report, and Revenues were calculated from those figures. Covid-19 protocols began in mid-March 2020 and have impacted operating results since that time.
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!