1301 S 9th St
- 55 Rooms, 2 Stories
- 3 year average room revenue: $681,342
- NOI 2023: $251,449
- Outdoor Pool
Property Description
NewGen Advisory is pleased to present for sale the OYO Hotel at the McAllen Airport in McAllen Texas. This 2 story, exterior corridor property offers convenience to airport travelers and provides WiFi and an outdoor pool. RevPar in this market is for economy hotels is $37.77, leaving upside for the new owner. This property is perfect for an owner operator; the current owners have complete control over the management, operations, and strategic decisions, allowing for quick adaptations to market changes and guest needs. Per CoStar, the twelve-month RevPAR for the area was recently climbing at an exceptionally strong rate: As of April, twelve-month average RevPAR in the McAllen hotel submarket was up 2.1%, in line with the similarly impressive market-wide average.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Hospitality |
| No. of Units: | 55 |
| Year Built: | 1990 |
| Lot Size: | 0.87 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
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