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200 Fulton Beach Road

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Address: 200 Fulton Beach Rd, Rockport, TX 78382, USA

Texas + Hospitality

Created date: September 24, 2024

Date last updated: November 11, 2024

Full-service, 78-key hotel on 2± waterfront acres
Full renovation in 2018
Fast-growing market just 30 miles northeast of Corpus Christi
Significant growth potential under new ownership
TripAdvisor Hall of Fame award winner
TTM Revenue: $2.9M (53% Occ)
Conveniently located 0.5 miles from I-35

Property Description

Bankruptcy Sale: Southern District of Texas (Corpus Christi) Case No. 24-20201 (MI) In re: Heritage Hotels Rockport, LLC On-Site Inspections: October 9, 16, & 23, By Appointment Only Bid Deadline: October 30 by 5:00 p.m. (CT) This spectacular, 78-key, full-service hotel, located directly on the beautiful Aransas Bay, offers savvy hotel owner/operators the opportunity to acquire an operating hotel at a discount to replacement cost. With trailing 12 month revenues of nearly $3M, the hotel features strong in-place revenue streams. Further, the greater northern coastal regions of Corpus Christi saw robust population growth between mid- 2022 and mid-2023, signaling greater investment into the Rockport area in years to come. The greater Texas South Area, Rockport included, is among the largest U.S. hotel submarkets, and contains around 27,000 rooms spread across some 470 properties. That amounts to roughly two-thirds of the Texas South market’s total room inventory. The right investor can take advantage of this submarket and capitalize on the Lighthouse Inn’s unmatched location and views.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Hospitality
Year Built:	2002
Lot Size:	2.06 Sq ft
Opportunity Zone:	No
Property Website	Click Here