1301 S 9th StMcallen, TX 78501

This exceptional investment opportunity presents the OYO Hotel McAllen Airport South, a 55-unit, two-story hotel located in McAllen, Texas, at 1301 S 9th St, 78501. The property features an exterior corridor design and offers convenient amenities including WiFi and an outdoor pool, catering to airport travelers. Spanning 23,296 square feet on a 0.87-acre lot, this hotel presents a compelling proposition for owner-operators seeking direct control over management, operations, and strategic decisions. The McAllen market demonstrates robust growth, with a recent twelve-month RevPAR increase of 2.1% as of April 2024, aligning with broader market trends. The hotel's three-year average room revenue stands at $681,342, and the 2023 Net Operating Income (NOI) reached $251,449. McAllen's strategic location on the Texas-Mexico border fuels a thriving economy, characterized by international trade and a robust job market. The city's lower cost of living compared to national averages attracts businesses and residents, contributing to a strong rental market and potential for real estate appreciation. This hotel offers a unique blend of established performance and significant upside potential in a dynamic market. The current economy hotel RevPAR in McAllen is $37.77, indicating further revenue growth opportunities for the new owner.