avid Hotel Portland-Corpus Christi

JLL’s Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale the fee simple interest in the 95-room avid hotel Corpus Christi - Portland (the “Hotel”, “Property”, or “avid”). Known as the "Sparkling City by the Sea," it boasts one of the nation's largest and deepest inshore ports on the Gulf of America, driving a diverse economy centered on oil and gas, petrochemicals, tourism, shipping, and military presence. Corpus Christi's strategic location and economic importance make it a significant hub for international trade, energy logistics, and naval operations, while also offering educational opportunities through Texas A&M University-Corpus Christi.

The Hotel was delivered in 2021 and is the newest Hotel within its peer set. A new owner should expect a nominal change of ownership PIP. Offered unencumbered of management, a new owner/operator will have the capability to revamp operational strategies of the Hotel, implement strategic cost control initiatives and employ more aggressive revenue management strategies. This offering represents a rare opportunity to acquire an unencumbered, non-union, recently delivered Hotel in a bustling coastal market.