The Vacation Inn Specific & Suites Corpus Christi North, a 64-key limited-service resort in Corpus Christi, Texas, is presently out there for acquisition. The resort’s advantageous location, latest renovations, sturdy historic income, and potential for improved efficiency make it an interesting funding alternative.

The 64-key Vacation Inn Specific & Suites Corpus Christi North, a limited-service resort in Corpus Christi, Texas, is presently out there for acquisition. HVS Brokerage & Advisory is presenting the property on the market. The property gives important advantages as a consequence of its proximity to the Port of Corpus Christi, strategically situated close to main oil and gasoline manufacturing areas in the USA.

Over the previous two years, present possession has invested in property upgrades and renovations following the Method Blue 2.0 design scheme. Since its opening in June 2011, the resort has demonstrated a stable income common of $1,895,618 yearly, reflecting strong market demand. In line with December 2024 STR knowledge, the resort registered a RevPAR penetration index of 127.8%, rating first amongst seven different aggressive resorts.

The property’s present administration mannequin presents a great alternative for an skilled proprietor/operator to optimize internet working earnings flow-through by means of expense administration and/or on-property oversight. With a 64-key rely, the asset is taken into account a great dimension for skilled operators.

Location is a key good thing about this asset. The property supplies instant entry to I-37, is inside three miles of Corpus Christi Worldwide Airport, and is close to main demand drivers such because the Valero refinery, CITGO Petroleum Company, and the Port of Corpus Christi. Along with these industrial drivers, the resort’s proximity to leisure points of interest akin to Padre Island, Mustang Island, Downtown Corpus Christi, Hurricane Alley Waterpark, the Texas State Aquarium, and the USS Lexington Museum enhances its attraction.

Different components contributing to lodging demand embrace well-respected establishments akin to Del Mar School, Texas A&M College-Corpus Christi, CHRISTUS Spohn Well being System, Corpus Christi Medical Heart Medical doctors Regional, and the Naval Air Station Corpus Christi.

Current and upcoming developments in Corpus Christi additionally promise to spice up the town’s attraction. Amongst these are the groundbreaking of a brand new Arts and Media Constructing at Texas A&M College-Corpus Christi, establishing a state-of-the-art, multi-sport complicated for the town’s pre-professional soccer staff, and creating a brand new aquatic heart at Invoice Witt Park.

Inquire at HVS.