CBRE Hotels solicits offers to acquire the fee-simple interest in the SureStay Hotel in Laredo, Texas. Thanks to its prime location, the 72-room hotel receives business from a diverse population of both corporate and leisure segments.
Investment Highlights
- 3.33X RRM / High Cash Flow – Property is priced at $76,389/Room.
- Recently Renovated / Minimal PIP – Minimal PIP expected for new owner, ask broker for details.
- Worst Performing Hotel in the Comp Set – Best Western Plus Laredo has a similar room count and has done over $4.1M in room revenue over the last twelve months.
- Close Proximity to the Mexican Border – Given its location on the Mexican border and manufacturers of Northern Mexico, Laredo’s economy naturally leans toward international trade with Mexico. Thanks to the increasing travel and economic activities from Mexico, Laredo is primed to become one of the world’s most important land ports as American companies reduce their reliance on factories in Asia.
- Largest Inland Port – Laredo is the largest inland port on the US-Mexico border. Almost 5.1 million trucks crossed the border in 2021 and the port had approximately $250 billion in total trade with the world last year.
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