1301 S 9th St

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Address: 1301 S 9th St, McAllen, TX 78501, USA
Created date: June 19, 2024
Date last updated: July 8, 2024
  • 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: Unavailable
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
Address: 1301 S 9th St, Mcallen, TX 78501, USA
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