216-room Holiday Inn Beach resort

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Address: 100 Padre Blvd, South Padre Island, Texas, US
Created date: February 5, 2024
Date last updated: February 9, 2024
  • Property located in Opportunity Zone
  • Six acres of beach frontage
  • Large rooftop bar & event venue, along with three restaurants
  • Three outdoor swimming pools & indoor waterpark
  • 15,000± SF of meeting space
  • Gift shop & guest laundry room

Property Description

Hilco Real Estate is pleased to present this 216-room Holiday Inn beach resort situated immediately on the Gulf of Mexico in South Padre Island, Texas. The property is located in the southern area of South Padre Island, generally southeast of the intersection formed by Queen Isabella Causeway and Padre Boulevard. TOTAL REVENUE (HISTORICAL): 2022: $7,792,154 (49% Occ) T12 3/2023: $8,325,141 (60% Occ) TOTAL REVENUE (PROJECTED) Year 1: $11,552,507 (67% Occ) Year 2: $13,387,603 (72.5% Occ) Year 3: $14,491,046 (75% Occ) Year 4: $14,921,370 (75% Occ) Year 5: $15,365,609 (75% Occ)

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Multifamily type: Hotel/Motel
No. of Units: 216
Year Built: 1974
Lot Size: 7.60 Sq ft
Opportunity Zone: Yes
Property Website Click Here
Address: 100 Padre Blvd, South Padre Island, TX 78597, USA
Provided by:

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