2 minute read CBRE Hotels
CBRE Hotels is getting deals to get the fee-simple interest in the Hampton Inn & Suites in Austin-Lakeway, Texas. The70 -space residential or commercial property lies in the Texas Hill Country with Dripping Springs, Lake Travis and the Hampton Greenbelts all easily available.
- High Barrier to Entry Market– Due to the absence of sewage capability and strong ecological guidelines in the hill nation part of Austin, Lakeway is an exceptionally high barrier to entry market. There are no hotels concerning Lakeway for the foreseeable future.
- Proximity to Wedding Venues– Dripping Springs and the Hill Country location, is referred to as the wedding event capital of the State of Texas. There are over 300 wedding event locations in the location which hosts countless wedding events every year. Due to the extremely restricted hotel space supply because location, the wedding event service offers strong weekend and vacation space need to match strong business need throughout the week for this hotel.
- Potential to Add More Rooms – Ask Broker for information.
- Upside for Owner Operator– The hotel will be provided unencumbered of management. This hotel provides substantial capacity for a more hands-on operator to drive RevPAR boosts through more concentrated income management along with enhancing the NOI through enhancements in housekeeping labor usage.
- Prime Location– The hotel is within 3 miles of the Hampton Greenbelts and 5 miles of Lake Travis. These locations are fantastic locations for household outside activities such as strolls jogs, bike flights, ziplining, boating and kayaking. The hotel is likewise 19 miles from downtown Austin and the Texas State Capitol.
- Austin’s Rapid Growth Driving Ever Increasing hotel Revenues– Ranked as the # 1 Real Estate Investment Market in the country, Austin continues to take advantage of a number of years of strong population and task development, thanks to business moving and growth by a few of the country’s biggest business. In 2021 alone, 196 business, consisting of 38 head office areas moved or considerably broadened in Austin headlined by Tesla, Amazon, Apple, Google, Facebook, Oracle, Dell, Samsung, and IBM.
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