Overview

Description

Hilco Real Estate is pleased to present this 216-room Holiday Inn beach resort situated immediately on the Gulf of Mexico in South Padre Island, Texas. The property is located in the southern area of South Padre Island, generally southeast of the intersection formed by Queen Isabella Causeway and Padre Boulevard.

TOTAL REVENUE (HISTORICAL):
2022: $7,792,154 (49% Occ)
T12 3/2023: $8,325,141 (60% Occ)

TOTAL REVENUE (PROJECTED)
Year 1: $11,552,507 (67% Occ)
Year 2: $13,387,603 (72.5% Occ)
Year 3: $14,491,046 (75% Occ)
Year 4: $14,921,370 (75% Occ)
Year 5: $15,365,609 (75% Occ)

South Padre Island is a major beach destination in Texas and offers miles of pristine beaches along the aqua blue water of the Gulf of Mexico. The area is driven by the tourism industry, which generates millions of dollars annually for the island. From May through September, the water temperature approaches 80 degrees, perfect for swimming and other water activities. Beach activity picks up each year in March, as the island is one of the country's most popular Spring Break destinations, and lasts through the summer.

Ecotourism and birding enthusiasts travel from around the world to observe the migration of over 300 species of tropical birds through South Padre Island. The city boasts a Birding and Nature Center that features over 3,000 linear feet of boardwalks through protected wetlands, five bird blinds, an interactive learning center, and a five-story tower. The island also operates separate refuges for dolphins and sea turtles. These refuges draw researchers and wildlife preservation groups from around the country.

Highlights

• Property located in Opportunity Zone
• Six acres of beach frontage
• Large rooftop bar & event venue, along with three restaurants
• Three outdoor swimming pools & indoor waterpark
• 15,000± SF of meeting space
• Gift shop & guest laundry room

Documents

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