avid Hotel Portland-Corpus Christi _Property for Sale
avid Hotel Portland-Corpus Christi _Property for Sale

avid Hotel Portland-Corpus Christi

281 Buddy Ganem Drive, Portland, TX, 78374, US

Asset description

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.

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Attributes

Units
95
Building area net
3,457 sm
Year built
2021
Land area gross
0.91 ha

Media

Investment highlights

  • Recently Delivered: Delivered in March 2021, the Hotel is the newest within the competitive set.
  • Diverse Economy: Corpus Christi commands a diverse economy, led by its strategic port, which is a major hub for energy exports and international trade.
  • Unencumbered by Management and Debt: The Property will be offered unencumbered by a management agreement.
  • Fee Simple Ownership with Non-Union Labor: New ownership is provided with the opportunity to acquire a recently delivered, well-performing Hotel with straightforward and comprehensive control.
  • Highly Desirable IHG Brand Affiliation: The Property will benefit from IHG's worldwide distribution network, best-in-class reservation system, and the IHG One Rewards program.
  • Attractive Discount to Replacement Cost: The Hotel is being sold at a discount to replacement cost with construction costs at an all-time high.
avid Hotel Portland-Corpus Christi  4_Property for Sale
avid Hotel Portland-Corpus Christi  4_Property for Sale

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avid Hotel Portland-Corpus Christi (0 Properties)

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Last updated
May 6, 2025