Hampton Inn Austin-North @ I-35 & Hwy 183 | 7619 N Interstate 35
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Hampton Inn Austin-North @ I-35 & Hwy 183 7619 N Interstate 35
121 Room Hotel Austin, TX 78752 £8,943,770 (£73,915/Room) 6.81% Net Initial Yield
Investment Highlights
- HOT AUSTIN LOCATION 5 minutes to Downtown on Intersection of I-35 & Hwy. 183
- Underperforming due to PIP & Management! Tremendous Upside After Completion of PIP.
- Historical Revenue average $3,500,000 current Revenue $2,900,000.
- Hampton Inn’s are the #1 Sought After Brand.
- Ranked 5 of 7 on ADR when Hampton Should be Market leader. (due to PIP).
- Motivated Seller bring all offers.
Executive Summary
Attractive Pricing: Priced at $11M ($90,909 per room before PIP; $99,174 per room after an estimated $1M PIP), significantly below Austin's market average of $160K–$180K per key.
Prime Location & Strong Brand: Located in a high-growth market, the Hampton Inn, ranked as the #1 hospitality brand, offers a 60% reservation contribution, driving occupancy and guest loyalty.
Operational Turnaround: Under new ownership since August 2022, improved expense control, revenue optimization, and sales management have boosted profitability and revenue, which is currently $2.9M even before PIP completion.
Market Potential: The hotel ranks 3rd in occupancy (66.1%) but 5th in ADR ($98.23), leaving substantial room for ADR growth post-renovations compared to the competitive set’s ADR of $115.
Franchise Flexibility & PIP: A partial $1M Forever Young PIP is required, with Hilton offering opportunities for a 15-year Spark Hotel conversion or continued branding beyond the current franchise term ending in 2030.
Motivated Seller: The developer-owner seeks to sell to free up capital for other projects, making this a compelling investment opportunity.
Prime Location & Strong Brand: Located in a high-growth market, the Hampton Inn, ranked as the #1 hospitality brand, offers a 60% reservation contribution, driving occupancy and guest loyalty.
Operational Turnaround: Under new ownership since August 2022, improved expense control, revenue optimization, and sales management have boosted profitability and revenue, which is currently $2.9M even before PIP completion.
Market Potential: The hotel ranks 3rd in occupancy (66.1%) but 5th in ADR ($98.23), leaving substantial room for ADR growth post-renovations compared to the competitive set’s ADR of $115.
Franchise Flexibility & PIP: A partial $1M Forever Young PIP is required, with Hilton offering opportunities for a 15-year Spark Hotel conversion or continued branding beyond the current franchise term ending in 2030.
Motivated Seller: The developer-owner seeks to sell to free up capital for other projects, making this a compelling investment opportunity.
Property Facts
| Price | £8,943,770 | Building Size | 53,380 SF |
| Price Per Room | £73,915 | No. Rooms | 121 |
| Sale Type | Investment | Number of Floors | 4 |
| Net Initial Yield | 6.81% | Year Built | 1986 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 2.34/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.83 AC |
| Price | £8,943,770 |
| Price Per Room | £73,915 |
| Sale Type | Investment |
| Net Initial Yield | 6.81% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.83 AC |
| Building Size | 53,380 SF |
| No. Rooms | 121 |
| Number of Floors | 4 |
| Year Built | 1986 |
| Tenancy | Single |
| Parking Ratio | 2.34/1,000 SF |
| Corridor | Interior |
Amenities
- Business Centre
- Fitness Centre
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wi-Fi
- Smoke-Free
- Digital key
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 121 | £88.62 | - |
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PROPERTY TAXES
| Parcel Number | 234121 | Improvements Assessment | £6,677,382 |
| Land Assessment | £1,978,819 | Total Assessment | £8,656,200 |
PROPERTY TAXES
Parcel Number
234121
Land Assessment
£1,978,819
Improvements Assessment
£6,677,382
Total Assessment
£8,656,200
zoning
| Zoning Code | CS-MU-NP |
| CS-MU-NP |
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Hampton Inn Austin-North @ I-35 & Hwy 183 | 7619 N Interstate 35
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