1 minute read CBRE Hotels
CBRE Hotels gets deals to get the fee-simple interest in the SureStay hotel in Laredo, Texas. Thanks to its prime place, the 72- space hotel gets service from a varied population of both business and leisure sectors.
Investment Highlights
- 3.33 X RRM/ High Cash Flow— Property is priced at $76,389/ Room.
- Recently Renovated/ Minimal PIP— Minimal PIP anticipated for brand-new owner, ask broker for information.
- Worst Performing hotel in the Comp Set— Best Western Plus Laredo has a comparable space count and has actually done over $4.1 M in space income over the last twelve months.
- Close Proximity to the Mexican Border— Given its place on the Mexican border and producers of Northern Mexico, Laredo’s economy naturally favors worldwide trade with Mexico. Thanks to the increasing travel and financial activities from Mexico, Laredo is primed to turn into one of the world’s crucial land ports as American business lower their dependence on factories in Asia.
- Largest Inland Port— Laredo is the biggest inland port on the US-Mexico border. Practically 5.1 million trucks crossed the border in 2021 and the port had around $250 billion in overall trade with the world in 2015.
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