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La Hacienda Hotel

4914 San Bernardo Ave, Laredo, TX 78041

Price:

$5,500,000

Cap Rate:

8.92%

Status:

For Sale

Beyond

Ordinary.

Description

Incredible hotel opportunity with tremendous upside potential. La Hacienda Hotel is a staple in Laredo, TX. This 80 room hotel features an elegant ballroom that can be rented out for weddings, quinceaneras, and corporate events. A newly signed restaurant lease will add an additional $25,000 per year in bottom line income making the cap rate even more attractive. The new restaurant will also provide hot breakfast which will reflect in a higher ADR. Amazingly, there is currently no online advertising or 3rd party reservation integrations. All profit currently being generated is from customer loyalty and walk-in business. A new owner will reap huge rewards from implementing more robust sales and marketing procedures. Laredo is dominating Texas in cross-border trade. According to the U.S. Census Bureau, $350 billion of goods crossed the Rio Grande in Laredo’s port district over the 12 months ended in November, far more than import/export activity in the bureau’s next three busiest districts along the U.S.-Mexico border combined. This increase in trade will drive even higher demand for hospitality in the months and years to come. Furthermore, a recent article by WalletHub, a personal finance website, ranked Laredo as the number one city to start a business when compared to 100 other large cities in the United States. The current owner has moved out of the area and is busy working on other projects. Don’t miss this opportunity to acquire a cash cow with an in-place cap rate of 9% and a pro-forma cap rate in the double digits.

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4914 San Bernardo Ave, Laredo, TX 78041