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Knights Inn Corpus Christi North – Image Credit HVS
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 29-key Knights Inn Corpus Christi North, a limited-service hotel asset in Corpus Christi, Texas. This limited-service hotel is available for sale as a significant investment opportunity, thanks to its strategic location and consistent financial performance.
Strategic Location and Economic Drivers
The Knights Inn Corpus Christi North benefits from its proximity to the Port of Corpus Christi, a critical hub for the oil and gas industry in the U.S. Additionally, the hotel is near major corporate and leisure attractions, including the USS Lexington Aircraft Carrier Museum, Texas State Aquarium, and several major refineries such as Flint Hills Resources and Valero. These locations contribute to a steady demand from both business travelers and tourists. The hotel’s location, just a block from North Beach, adds to its appeal for leisure visitors.
Financial Overview and Pricing
The property is priced at $58,620 per room, which is below the typical replacement cost for similar hotel properties, making it an attractive investment. The hotel has shown strong historical financial performance with an average annual room revenue of approximately $633,000 over the past decade. This robust revenue stream has been maintained despite economic challenges, including those posed by the COVID-19 pandemic.
Additional Property Features
The Knights Inn also includes a three-bedroom, three-bathroom manager’s apartment, which could be beneficial for an owner-operator. This feature adds value to the property by providing potential for personal use or additional rental income.
In summary, the Knights Inn Corpus Christi North presents a compelling investment opportunity due to its strategic location, strong historical revenue, and pricing below replacement cost. The property’s proximity to major economic drivers and leisure destinations, along with additional amenities like the on-site living quarters, makes it an attractive option for potential investors.
Inquire at HVS.
