Alister Square Inn in Port Aransas, Texas Sold

On January 15, 2025, HVS Brokerage & Advisory announced the sale of the Alister Square Inn, a 50-room hotel in Port Aransas, Texas. Bhavani Investments, LP, a company based in Corpus Christi, Texas, purchased the property from Alister Square Inn, Ltd.

The Alister Square Inn, built in 1997, is strategically situated in Port Aransas, close to many leisure and corporate demand generators. The hotel’s location offers easy access to the Gulf of Mexico beaches, making it an attractive choice for leisure travelers. The area also features various tourist attractions like the Port Aransas Museum, Leonabelle Turnbull Birding Center, Red Dragon Pirate Cruises, Dolphin Dock Charters, and Roberts Point Park.

The oil and gas, petrochemical, and manufacturing industries of the nearby Corpus Christi market additionally support the Port Aransas economy. In recent years, the local economy has shown a growing interest in renewable energy, aviation, marine, medical, and information technology sectors.

Charles Crawford Sr., President of Alister Square Inn, Ltd., expressed his satisfaction with the transaction process led by the HVS Brokerage team. He praised the team’s expertise in market trends, property valuation, and strategic pricing, as well as their efficient communication and guidance throughout the transaction.

Andrew Frosch, Senior Vice President of HVS Brokerage & Advisory, stated that the company’s local knowledge and extensive marketing strategy were key to connecting with Bhavani Investments. He noted that the opportunities identified during the marketing process aligned with the buyer’s expansion and investment diversification goals. Frosch expressed his excitement over the successful outcome for both the seller and the buyer, with the latter expected to contribute to the continued growth of the region’s hospitality industry.

Andrew Frosch, Kyle Peterek, and Fadi Rawashdeh from the HVS Brokerage & Advisory team played significant roles in the transaction.