For Sale
$5,500,000

55 Sam Perl Blvd Brownsville, TX 78520

Profitable 142-Room Motel Near Plaza

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 142-room hotel, built in 1976, presents a lucrative investment opportunity in Brownsville, Texas. Located at 55 Sam Perl Blvd., 78520, this property enjoys a prime location adjacent to a thriving shopping plaza, ensuring high visibility and convenient access for guests. Currently, the hotel boasts 50 active motel rooms and 40 occupied extended-stay rooms, demonstrating consistent profitability. However, the property also offers significant upside potential. Fifty-two rooms require renovation; 30 need minor updates, while 22 require more extensive remodeling. This presents a chance to enhance the property's value and revenue streams through strategic improvements. The hotel's strong performance is further bolstered by the positive economic outlook for Brownsville. The influx of new industry, including the expansion of the Port of Brownsville and SpaceX operations, is driving significant population growth and increased demand for hospitality services in the area. This translates to a robust and expanding market for the hotel, promising continued profitability and strong returns on investment. The asking price for this well-situated, high-potential hotel is $5,500,000. This represents a compelling opportunity to acquire a profitable asset with significant room for growth in a rapidly developing market.

Highlights

  • $5,500,000 asking price.
  • 142-room hotel in Brownsville, Texas.
  • Built in 1976.
  • Located at 55 Sam Perl Blvd., Brownsville, TX 78520.
  • Currently operating with 50 active motel rooms and 40 occupied extended-stay rooms; 52 rooms require renovation.
  • Strong potential for growth due to nearby shopping plaza and expanding local economy driven by Port of Brownsville and SpaceX.

Property Details for 55 Sam Perl Blvd

Property type
Hospitality properties, Hotels
Year Built
1976

Location Insight

City
Brownsville
County
CAMERON
State
Texas
Latitude
25.8984443
Longitude
-97.5021468

FAQs

What type of property is this?
Hospitality property - Profitable 142-Room Motel Near Plaza
Where is the hospitality property located?
The property is located at 55 Sam Perl Blvd Brownsville, TX.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: $5,500,000 asking price.; 142-room hotel in Brownsville, Texas.; Built in 1976.
How can I contact the broker?
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55 Sam Perl Blvd
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