for sale
OYO Hotel McAllen Airport South
1301 S 9th St | Mcallen, TX 78501
Investment Highlights
- 55 rooms, 2 stories, exterior corridor
- 3 year average room revenue: $681,342
- NOI 2023: $251,449
Property Description
NewGen Advisory is pleased to present for sale the OYO Hotel McAllen Airport South – McAllen, TX. This 2 story, exterior corridor property offers convenience to airport travelers and provides WiFi and an outdoor pool. RevPar in the McAllen market for economy hotels is $37.77, leaving upside for the new owner. OYO Hotel McAllen Airport South – McAllen, TX 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 2024, twelve-month average RevPAR in the McAllen hotel submarket was up 2.1%, in line with the similarly impressive market-wide average.
Location Description
McAllen, Texas, positioned on the Texas-Mexico border, offers a compelling investment opportunity. The city boasts a booming economy fueled by international trade and a strong job market. With its lower cost of living compared to the national average, McAllen attracts businesses and residents alike. This rapid growth translates to potential for appreciation in real estate and a thriving rental market.
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Click the “Complete Confidentiality Agreement” button below to access the due diligence files. After you submit the CA form, you will receive an automated email with links to the due diligence files and offering memorandum.
Twinkle Patel
Associate
NC #341738
(828) 202-8422
tpatel@newgenadv.com
Andrew Post
Senior Vice President
CA #1960611
(805) 557-8857
apost@newgenadv.com
BROKER OF RECORD
Bharat Patel-Vakil
NewGen Advisory TX, LLC
TX #512841