515 7Th St, Bay City, TX 77414
79 Room Hotel | Bay City, TX 77414 | $6,750,000 ($85,443/Room) | 8.60% Cap Rate
For Sale
Active
Asking Price $6,750,000
- Property Type
-
Hospitality
- Square Feet
- 40,000 SF
Listing Contacts
Eric Kretschmar
Sid Tewari
Sheil Stampwala
- Property Info
Property Overview
T&S Hotel Advisors are pleased to announce the sale of the 79-unit, 4-story, interior corridor Fairfield Inn and Suites by Marriott in Bay City, Texas. At a $6,750,000 List price the property
boasts a strong 8.6% cap rate, all while revenues are trending up year over year. An ideal owner for the property would have a background in operating Marriott properties, however the margins are strong enough to where an owner could plug in a Marriott approved management company and realize strong returns. The property is a 2018 construction and as it currently stands it is not in need of renovation.
If you are looking to bolster your portfolio with a strong performing Marriott asset in a stable market, then give T&S Hotel Advisors a call at the numbers below and they would be happy to walk you through the deal.
boasts a strong 8.6% cap rate, all while revenues are trending up year over year. An ideal owner for the property would have a background in operating Marriott properties, however the margins are strong enough to where an owner could plug in a Marriott approved management company and realize strong returns. The property is a 2018 construction and as it currently stands it is not in need of renovation.
If you are looking to bolster your portfolio with a strong performing Marriott asset in a stable market, then give T&S Hotel Advisors a call at the numbers below and they would be happy to walk you through the deal.
Property Details
- Class
- B
- Year Built
- 2018
- Stories
- 4
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 97,574 SF
- Units
- 79
Highlights
- Beautiful 2018 construction
- 8.6% cap rate at list price
- 79 room interior corridor property
- Well under $90k per key for a Marriott branded property
- Strong performer with year over year revenues increasing
- Strong base of economic drivers and near many attractions
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