HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 59-key Best Western Port Aransas, a limited-service hotel asset in Port Aransas, Texas. Positioned in the heart of a drive-to leisure market and benefiting from Corpus Christi’s solid economic backing, the transaction process will be eased given the property’s very good physical condition and its strategic location within one-half mile of Port Aransas Beach, bolstered by the hotel’s six-year average rooms revenue exceeding $2.3 million. The hotel aligns with Port Aransas’ economic evolution, targeting diverse industries while appealing to the traditional leisure segment.
Stable Performance with Upside Potential
The hotel has consistently generated strong rooms revenue, averaging $2,329,673 over the past six years, showcasing resilience even during challenging periods like the COVID-19 pandemic.
Under experienced ownership, there is significant potential to optimize operations, such as reducing the 2023 payroll costs to a more cost-effective range, which could result in a substantial increase in net profitability.
Ideal Opportunity for an Experienced Owner/Operator
This 59-key count is considered an ideal size for an experienced owner/operator.
The property contains a one-bedroom/one-bathroom suite that is currently included in the inventory, but which could be used as an owner/operator’s apartment.
High Barriers-to-Entry Market
Excellent Location Near Leisure Demand Generators
The property is conveniently situated along Avenue G, within one-half mile of the beach and near many other key attractions, such as the Port Aransas Museum, Leonabelle Turnbull Birding Center, Red Dragon Pirate Cruises, Port Aransas Fishing Pier, Dolphin Dock Charters, Port Aransas Ferry Landing, WWII Gun Mounts, and Roberts Point Park, allowing for a strong capture of leisure demand.
Best Western Franchise
Best Western offers the most competitive franchise fees in the industry, allowing owners to maximize revenue. New franchisees benefit from an automatic franchise transfer agreement, simplifying the transition and inheriting the existing membership agreement from the current owner, which comes with the added benefit of pre-established lower royalty payments.
In 2018, the property underwent a significant renovation that included the addition of ten rooms equipped with stovetops, a comprehensive remodel of the entire first floor, and the renovation of the hotel’s guestroom bathrooms, enhancing the property’s appeal and modern amenities.
For inquiries please visit here to execute the Confidentiality Agreement.