La Quinta Inn Austin Oltorf in Austin, TX Listed For Sale

CBRE Motels solicits provides to amass the fee-simple curiosity within the La Quinta Inn and a restaurant in Austin, Texas. The 132-room lodge is situated off Interstate 35, close to Oracle Austin Campus, Google, and Meta in Austin, one of many quickest rising cities within the nation, and one of many best-managed cities in Texas.

Funding Highlights

• Lined Land Play – Alternative to amass a 132-room, two-story, inside and exterior hall, La Quinta Inn and a restaurant that sits on 3 acres of land on a tough nook that’s situated in a chief location.
• Underperforming Close by Rivals’ RevPAR by $20-$30 – The property is absenteeownedand operated by an proprietor situated out of state.
• Internet Lease Restaurant Included – Present below-market lease runs out in November. Restaurant is roughly 5,000 Sq. Ft. The market hire is estimated to be round $175,000 yearly. Please ask brokers for extra particulars.
• Minutes to Downtown Austin – The lodge is located near the Oracle Austin Campus (1.7 miles), Google (2.9 miles), and Meta (2.9 miles). As well as, the property is inside minutes away from Downtown Austin with many tech and monetary corporations reminiscent of Deloitte, EY, TikTok, and extra. Due to its ideally suited location, the lodge receives enterprise from a various inhabitants of each company and leisure segments.
• Austin’s Speedy Progress Driving Ever Growing Lodge Revenues – Over 32.6 million guests flocked to Austin in 2022, contributing to $5.9 billion in annual financial affect from customer spending. With Austin’s globally acknowledged music, artwork and movie festivals, together with SXSW and Austin Metropolis Limits Music Competition, expansive parks, culinary scene, famend universities, and a various tradition, Austin has made a reputation for itself for tourism and hospitality.

For inquiries go to right here.