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31510800
31510815

221 US-77, Kingsville, TX 78363 For Sale

AF
TX 617531
HVS
Listed by HVS
$2,300,000
103 days on market
Updated 47 days ago
Opportunity zone

Econo Lodge Kingsville

Details
APN 15367
Property Type Hospitality
Sub Type Hotel
Square Footage 88,958
Keys 74
Brand/Tenant Econo Lodge, Choice Hotels International, Inc.
Price per SqFt $26
Broker Co-Op No
Year Built 1969
Buildings 1
Stories 2
Acreage 2.410
Investment Type Value Add
Ownership Fee Simple

HOTEL WITH STRONG REVENUES FEATURING ONSITE OWNER'S APARTMENT

Marketing description

For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): LINK HERE

HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 74-key Econo Lodge Kingsville, a limited-service hotel asset in Kingsville, Texas. Kingsville is located in Kleberg County along U.S. Highway 77, a key corridor in South Texas. While traditionally driven by academic and military-related demand from Texas A&M University–Kingsville and Naval Air Station Kingsville, the area is experiencing a surge in economic development.

PRICE REDUCTION: $2,300,000

Ownership is motivated to sell the property and has agreed to reduce the price to $2,300,000, or $31,081 per key. Please contact Andrew Frosch for more details.

Investment highlights

Stable Performance with Increasing Rooms Revenue Trend

  • The hotel has consistently generated strong rooms revenue, averaging $755,297 over the past 15 years, showcasing resilience even during challenging periods like the COVID-19 pandemic.
  • Rooms revenue equated to $970,561 in 2025, representing a 30.0% (rounded) increase over what was earned in 2024 and amounting to a 2.37x rooms revenue multiplier (RRM) based on the purchase price.

Ideal Opportunity for an Experienced Owner/Operator

  • The 74-key count is considered an ideal size for an experienced owner/operator, offering new ownership a blank slate to ramp up operations and the ability to increase both revenues and net operating income (NOI) flow-through.

Priced Below Replacement Cost

  • This opportunity presents an investor with the ability to acquire the property at a price well below replacement cost, at roughly $31,000 per key.

Onsite Owner’s Apartment

  • The property contains a two-bedroom, two-bathroom owner/manager’s apartment.

Excellent Location near Demand Generators

  • The hotel’s location just off U.S. Highway 77 positions it within easy reach of several major demand generators. Texas A&M University–Kingsville, with approximately 6,000 students and steady year-round academic activity, drives consistent occupancy from visiting families, conference attendees, and prospective students.
  • Nearby Naval Air Station Kingsville—employing over 1,600 personnel and hosting frequent training events—brings in military families and contractors, especially during military exercises and graduation ceremonies.
  • Heritage and agritourism demand is generated by the 825,000-acre King Ranch, including its museum, saddle shop, and bus tours.

Key Developments & Emerging Opportunities in Kingsville

  • The OxyCam project—Occidental’s innovative Direct Air Capture plant, also known as the South Texas DAC Hub—is coming to Kleberg County (King Ranch), aiming to remove up to one million metric tons of CO₂ per year initially, with plans to expand storage capacity to 30 million and support thousands of jobs locally.
  • A $1.4-million grant from the U.S. Economic Development Administration is funding the development of a 14.5‑acre industrial park and transportation hub, expected to generate around 2,500 jobs and attract roughly $1 billion in private investment.
  • A $5-million Emergency Operations Center, funded by a federal grant, was recently completed near JK Northway Expo Center, less than four miles from the property. It will serve as a regional hub for disaster response, training, rural business development, and transit support for DAC plant workers.

Listing Contacts

AF
TX 617531
HVS
Listed by HVS

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