• La Quinta Inn Austin Oltorf   

CBRE Hotels solicits offers to acquire the fee-simple interest in the La Quinta Inn and a restaurant in Austin, Texas. The 132-room hotel is located off Interstate 35, near Oracle Austin Campus, Google, and Meta in Austin, one of the fastest growing cities in the nation, and one of the best-managed cities in Texas.

Investment Highlights

  • Covered Land Play – Opportunity to acquire a 132-room, two-story, interior and exterior corridor, La Quinta Inn and a restaurant that sits on 3 acres of land on a hard corner that is located in a prime location.
  • Underperforming Nearby Competitors’ RevPAR by $20-$30 – The property is absenteeownedand operated by an owner located out of state.
  • Net Lease Restaurant Included – Current below-market lease runs out in November. Restaurant is approximately 5,000 Sq. Ft. The market rent is estimated to be around $175,000 annually. Please ask brokers for more details.
  • Minutes to Downtown Austin – The hotel is situated close to the Oracle Austin Campus (1.7 miles), Google (2.9 miles), and Meta (2.9 miles). In addition, the property is within minutes away from Downtown Austin with many tech and financial firms such as Deloitte, EY, TikTok, and more. Thanks to its ideal location, the hotel receives business from a diverse population of both corporate and leisure segments.
  • Austin’s Rapid Growth Driving Ever Increasing Hotel Revenues – Over 32.6 million visitors flocked to Austin in 2022, contributing to $5.9 billion in annual economic impact from visitor spending. With Austin’s globally recognized music, art and film festivals, including SXSW and Austin City Limits Music Festival, expansive parks, culinary scene, renowned universities, and a diverse culture, Austin has made a name for itself for tourism and hospitality.

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