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Dual-Branded Motel 6/Studio 6 in Corpus Christi, Texas – Image Credit HVS
HVS Brokerage & Advisory, acting as the exclusive advisory firm to the current ownership, provides a unique opportunity to acquire a dual-branded, 137-key asset, the Motel 6/Studio 6 Corpus Christi North. This limited-service, extended-stay hotel is prominently situated along Interstate 37 (I-37), with high visibility and easy access to numerous demand generators in the region. The strategic location makes it an appealing option for business and leisure travelers visiting Corpus Christi, Texas.
The property offers a potential investor an opportunity to purchase at a price well below replacement cost, adding to its appeal. The hotel has experienced a stable revenue average from 2021 through 2024, with average room revenue increasing to $1,905,570 (rounded), reflecting steady market demand. According to the December 2024 STR data, the hotel is highly competitive, ranking in the top two among five other local hotels in terms of occupancy and average daily rate (ADR), reflecting a RevPAR penetration index of 146.0%.
The property is currently under absentee ownership, with expenses higher than average for similar products. A new owner with a keen eye for proper expense management and on-site oversight could further increase the Net Operating Income (NOI). In recent years, current ownership has also invested in property upgrades and renovations, improving aspects such as the parking lot, exterior work, and other capital projects.
The Motel 6/Studio 6 Corpus Christi North boasts an excellent location, with immediate access to I-37, proximity to Corpus Christi International Airport, and major demand drivers such as the Valero refinery, CITGO Petroleum Corporation, and the Port of Corpus Christi. Nearby leisure attractions and respected institutions like Del Mar College, Texas A&M University-Corpus Christi, and the Naval Air Station Corpus Christi, further contribute to the lodging demand.
Corpus Christi is witnessing exciting developments. Texas A&M University-Corpus Christi broke ground on its new Arts and Media Building in May 2024, promising increased program accreditation and community engagement opportunities upon completion in 2026. The city’s pre-professional soccer team, Corpus Christi FC Sharks, celebrated a significant milestone with the groundbreaking of a cutting-edge Multi-Sport Complex, expected to be completed in 2025. Also, the Bill Witt Park in Corpus Christi is slated to get a new aquatic center by the summer of 2025. These developments underline Corpus Christi’s growth trajectory and make the investment in the Motel 6/Studio 6 Corpus Christi North even more attractive.
Inquire at HVS.
